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INTA · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Intapp, Inc. Common Stock (INTA) stock moving?
Intapp's fiscal Q1 FY2027 results (reported Oct 27) were strong on growth and profitability: subscription revenue up 29% to $125.5M, total revenue up 16% to $161.3M, Cloud ARR up 28% to $515.3M, total ARR up 20% to $607.1M, trailing-twelve-month cloud net revenue retention of 123%, non-GAAP operating income of $35.4M (vs $20.9M), and operating cash flow of $28.4M (vs $13.8M). GAAP net loss narrowed to $(1.3)M from $(14.4)M. Cash fell to $147.7M from $162.8M in the quarter. The stock reacted negatively: it fell about 8.9% on Oct 27 from $47.15 to $42.95 on roughly 1.29M shares, then hit a low of $38.21 on Oct 28 on about 1.89M shares, the heaviest volume in the window. It has since recovered to $45.40 on Nov 10, but remains about 3.7% below the pre-results close, and volume has faded to about 464K shares. Citigroup kept a Neutral rating and raised its target to $40, below the current price. The press release also gave FY2027 outlook, but the text provided is truncated, so the guidance figures are not reflected here. Overall, the fundamentals are solid, but the post-earnings sell-off and Citi's Neutral stance temper near-term conviction.
News behind the analysis
- Intapp Announces First Quarter Fiscal Year 2027 Financial ResultsSubscription revenue rose 29% to $125.5M and Cloud ARR rose 28% to $515.3M for the quarter ended Sep 30, 2026. Non-GAAP operating income reached $35.4M, up from $20.9M a year earlier, and management issued Q2 and full-year FY2027 outlook.
- Citigroup Maintains Neutral on Intapp, Raises Price Target to $40Citigroup kept its Neutral rating and raised its price target to $40, which is below the $45.40 close on Nov 10.
About Intapp, Inc. Common Stock
Intapp, based in Palo Alto, makes cloud software and AI tools for law firms, accounting and consulting firms, investment banks and private capital firms. What sets it apart is its focus on heavily regulated professional firms. Its products handle client relationships, deal and matter management, conflicts checks, compliance and time tracking, and Microsoft often sells alongside it on large deals.
How it makes money
Most revenue comes from subscriptions, mainly cloud (SaaS) software. In fiscal 2026, which ended June 30, 2026, total revenue was about $578 million, and SaaS made up about $423 million of that (roughly 73%), up about 27% from the year before. The rest came from older on-premises licenses and from professional services such as implementation. Total annual recurring revenue was about $590 million, with cloud making up about 84% of it. The company still reports losses under standard accounting rules (GAAP) but generates positive free cash flow of about $145 million.
What usually moves INTA
- Cloud subscription and ARR growth
- Moving existing customers from on-premises software to the cloud
- Adoption of its AI products (e.g., Intapp Celeste)
- Deal and hiring activity at law, advisory and capital-markets firms
- Software sector valuations and investor views on AI disruption