Intapp (NASDAQ:INTA) Issues Earnings Results

Intapp (NASDAQ:INTA) issued its quarterly earnings data on Tuesday. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07, FiscalAI reports. The firm had revenue of $140.21 million for the quarter, compared to analysts’ expectations of $138.20 million. Intapp had a negative net margin of 4.37% and a negative return on equity of 0.59%. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. Intapp updated its FY 2026 guidance to 1.200-1.240 EPS and its Q3 2026 guidance to 0.270-0.290 EPS.

Here are the key takeaways from Intapp’s conference call:

• Cloud ARR reached $434M (up 31% YoY); cloud now represents 81% of total ARR, SaaS revenue was $102.5M (up 28% YoY) and total revenue was $140.2M (up 16% YoY).
• Partner ecosystem—especially Microsoft—continues to drive large enterprise wins, with partners involved in 7 of the 10 largest deals and meaningful Azure Marketplace/co-sell acceleration.
• Profitability and capital returns improved: non-GAAP gross margin rose to 78.1%, non-GAAP operating income was $27.7M, free cash flow was $22.2M, the company repurchased $100M in Q2 and the board authorized an additional $200M.
• Company is doubling down on applied, industry-specific AI and previewing a major product release at Intapp Amplify, while guiding to incremental Q3 investments in AI and marketing that may temper near-term operating income.

Intapp Price Performance

Intapp stock opened at $24.89 on Thursday. The company’s 50 day simple moving average is $41.88 and its 200 day simple moving average is $41.51. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of -83.25, a PEG ratio of 49.29 and a beta of 0.68. Intapp has a fifty-two week low of $20.76 and a fifty-two week high of $77.74.

Insider Buying and Selling at Intapp

In other Intapp news, CFO David H. Morton, Jr. sold 10,000 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $40.76, for a total value of $407,600.00. Following the completion of the sale, the chief financial officer directly owned 43,765 shares in the company, valued at $1,783,861.40. This represents a 18.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John T. Hall sold 22,243 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $40.76, for a total value of $906,624.68. Following the sale, the chief executive officer directly owned 5,711,668 shares in the company, valued at approximately $232,807,587.68. This represents a 0.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,243 shares of company stock valued at $2,070,785 in the last three months. 11.21% of the stock is owned by company insiders.

Institutional Trading of Intapp

Several hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in Intapp by 143.7% during the third quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company’s stock valued at $77,365,000 after purchasing an additional 1,115,392 shares during the last quarter. Praesidium Investment Management Company LLC raised its position in Intapp by 26.2% during the third quarter. Praesidium Investment Management Company LLC now owns 1,743,083 shares of the company’s stock worth $71,292,000 after acquiring an additional 361,691 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Intapp in the third quarter valued at $11,269,000. Marshall Wace LLP raised its holdings in shares of Intapp by 1,956.8% in the 3rd quarter. Marshall Wace LLP now owns 276,063 shares of the company’s stock valued at $11,291,000 after purchasing an additional 262,641 shares during the period. Finally, UBS Group AG lifted its stake in Intapp by 152.9% in the 3rd quarter. UBS Group AG now owns 313,301 shares of the company’s stock valued at $12,814,000 after purchasing an additional 189,404 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Intapp announced that its Board of Directors has approved a share repurchase plan on Tuesday, February 3rd that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to purchase up to 7.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

INTA has been the topic of several research analyst reports. Truist Financial set a $35.00 target price on Intapp in a report on Wednesday. Wall Street Zen upgraded shares of Intapp from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Barclays set a $35.00 target price on shares of Intapp in a research report on Wednesday. Piper Sandler lowered their price target on shares of Intapp from $42.00 to $33.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Stifel Nicolaus reduced their price objective on Intapp from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.43.

Intapp News Roundup

Here are the key news stories impacting Intapp this week:

• Positive Sentiment: Q2 results beat consensus — EPS $0.33 vs. $0.26 estimate and revenue $140.2M vs. $138.2M; revenue up ~15.7% year‑over‑year, showing continued top‑line growth. Intapp announces second-quarter fiscal year 2026 financial results
• Positive Sentiment: Board authorized a $200M stock repurchase (≈7.3% of shares outstanding), signalling management believes the shares are undervalued and providing buyback support for the share count. Intapp announces $200 million stock repurchase program
• Neutral Sentiment: Company reiterated FY26 outlook (EPS 1.20–1.24, modestly above consensus) and Q3 EPS guidance; an EPS lift but mixed revenue range left investors parsing the quality of growth. Intapp announces second-quarter fiscal year 2026 financial results
• Neutral Sentiment: Unusually high trading volume following the print — indicates heavy repositioning by investors and adds volatility/liquidity to the move. Intapp Sees Unusually-High Trading Volume After Earnings Beat
• Neutral Sentiment: Analysts trimmed price targets but left constructive ratings (JPMorgan lowered PT to $58, still overweight; Stifel trimmed to $40, still buy) — shows confidence in long‑term story but reflects near‑term uncertainty. Benzinga analyst note
• Negative Sentiment: Guidance/revenue commentary disappointed some investors, triggering a selloff — market focused on the company’s FY26 sales view and tone on demand rather than the headline EPS beat. Intapp shares tumble as guidance disappoints investors
• Negative Sentiment: Broader software/Gen‑AI sector headwinds are weighing on sentiment — articles note Intapp slumped alongside peers despite the beat, amplifying downward pressure. Intapp slumps despite Q2 beat as software sector faces Gen AI woes

About Intapp

Intapp, Inc, headquartered in Palo Alto, California, is a leading provider of cloud-based software solutions designed to meet the unique needs of professional services firms, including law firms, accounting practices, and financial institutions. The company’s integrated platform connects front-office business development with back-office risk and compliance functions, enabling organizations to streamline workflows, improve collaboration and enhance client service.

Intapp’s suite of applications—such as Intake, Conflicts, Risk, Open, Time and Flow—addresses the entire client lifecycle.