Intapp (INTA)


Market Price (9/25/2026): $36.83 | Market Cap: $2.8 BilSector: Information Technology | Industry: Application Software

Intapp (INTA)


Market Price (9/25/2026): $36.83
Market Cap: $2.8 Bil
Sector: Information Technology
Industry: Application Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24%

Megatrend and thematic drivers
Megatrends include Cloud Computing, Automation & Robotics, and Digital & Alternative Assets. Themes include Software as a Service (SaaS), Show more.

Weak multi-year price returns
2Y Excs Rtn is -60%, 3Y Excs Rtn is -69%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -40 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -6.9%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 21%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.5%

Key risks
INTA key risks include [1] intensifying competition from large tech providers developing their own specialized, Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24%
1 Megatrend and thematic drivers
Megatrends include Cloud Computing, Automation & Robotics, and Digital & Alternative Assets. Themes include Software as a Service (SaaS), Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -60%, 3Y Excs Rtn is -69%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -40 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -6.9%
4 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 21%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.5%
6 Key risks
INTA key risks include [1] intensifying competition from large tech providers developing their own specialized, Show more.

INTA in ETFs

Weight = INTA's share of each fund

VTI0.00%
ITOT0.00%
IWM0.07%
VB0.03%
NUSC0.15%
IWO0.14%
VTWO0.08%
ESML0.07%
+9 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/11/2026

Intapp (INTA) stock has gained about 60% since 5/31/2026 because of the following key factors:

1. Intapp's Fiscal Q4 2026 Earnings Exceeded Expectations.

Intapp reported robust financial results for its fiscal fourth quarter 2026 on August 4, 2026. The company announced an earnings per share (EPS) of $0.41, surpassing analyst consensus estimates of $0.36 by $0.05. Additionally, quarterly revenue rose 13.0% year-over-year to $152.53 million, exceeding the $149.75 million consensus estimate.

2. Enhanced Adoption of AI-Powered Solutions and Strategic Partnerships.

Significant company-specific developments in late August and early September 2026 boosted investor confidence. Intapp announced new client acquisitions, including Practus LLP and Auxana Administrative Services, which deployed Intapp's agentic AI solutions for legal workflows. A key partnership with Legora was also established to integrate governed AI across core legal workflows, leveraging Intapp's platforms such as Walls, Time, Intake, DealCloud, and Celeste. These collaborations underscore the increasing demand and successful implementation of Intapp's specialized AI offerings for professional services firms.

Show more
Updated on 9/11/2026

Intapp (INTA) stock has gained about 60% since 5/31/2026 because of the following key factors:

1. Intapp's Fiscal Q4 2026 Earnings Exceeded Expectations.

Intapp reported robust financial results for its fiscal fourth quarter 2026 on August 4, 2026. The company announced an earnings per share (EPS) of $0.41, surpassing analyst consensus estimates of $0.36 by $0.05. Additionally, quarterly revenue rose 13.0% year-over-year to $152.53 million, exceeding the $149.75 million consensus estimate.

2. Enhanced Adoption of AI-Powered Solutions and Strategic Partnerships.

Significant company-specific developments in late August and early September 2026 boosted investor confidence. Intapp announced new client acquisitions, including Practus LLP and Auxana Administrative Services, which deployed Intapp's agentic AI solutions for legal workflows. A key partnership with Legora was also established to integrate governed AI across core legal workflows, leveraging Intapp's platforms such as Walls, Time, Intake, DealCloud, and Celeste. These collaborations underscore the increasing demand and successful implementation of Intapp's specialized AI offerings for professional services firms.

3. Favorable Analyst Revisions and Upgraded Price Targets.

Analyst sentiment turned more positive during the specified period, with several firms adjusting their ratings and price targets upwards. For example, in early August 2026, Truist Financial reiterated a "Buy" rating on Intapp and increased its price target from $35 to $45. Similarly, Stifel Nicolaus maintained a "Buy" rating, raising its price target from $35 to $45. These analyst actions reflect growing optimism regarding Intapp's strategic direction and anticipated financial performance.

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Stock Movement Drivers

Fundamental Drivers

The 59.5% change in INTA stock from 5/31/2026 to 9/24/2026 was primarily driven by a 50.3% change in the company's P/S Multiple.
(LTM values as of)53120269242026Change
Stock Price ($)23.0936.8359.5%
Change Contribution By: 
Total Revenues ($ Mil)5605783.1%
P/S Multiple3.34.950.3%
Shares Outstanding (Mil)79772.9%
Cumulative Contribution59.5%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/24/2026
ReturnCorrelation
INTA59.5% 
Market (SPY)1.7%0.7%
Sector (XLK)2.1%-21.1%

Fundamental Drivers

The 64.2% change in INTA stock from 2/28/2026 to 9/24/2026 was primarily driven by a 46.0% change in the company's P/S Multiple.
(LTM values as of)22820269242026Change
Stock Price ($)22.4336.8364.2%
Change Contribution By: 
Total Revenues ($ Mil)5435786.3%
P/S Multiple3.34.946.0%
Shares Outstanding (Mil)81775.8%
Cumulative Contribution64.2%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/24/2026
ReturnCorrelation
INTA64.2% 
Market (SPY)12.4%-5.7%
Sector (XLK)40.7%-8.4%

Fundamental Drivers

The -19.9% change in INTA stock from 8/31/2025 to 9/24/2026 was primarily driven by a -34.1% change in the company's P/S Multiple.
(LTM values as of)83120259242026Change
Stock Price ($)45.9936.83-19.9%
Change Contribution By: 
Total Revenues ($ Mil)50457814.6%
P/S Multiple7.44.9-34.1%
Shares Outstanding (Mil)81776.1%
Cumulative Contribution-19.9%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/24/2026
ReturnCorrelation
INTA-19.9% 
Market (SPY)20.3%10.0%
Sector (XLK)49.2%6.7%

Fundamental Drivers

The 0.6% change in INTA stock from 8/31/2023 to 9/24/2026 was primarily driven by a 74.2% change in the company's Total Revenues ($ Mil).
(LTM values as of)83120239242026Change
Stock Price ($)36.6136.830.6%
Change Contribution By: 
Total Revenues ($ Mil)33257874.2%
P/S Multiple7.14.9-31.2%
Shares Outstanding (Mil)6477-16.1%
Cumulative Contribution0.6%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 9/24/2026
ReturnCorrelation
INTA0.6% 
Market (SPY)76.8%36.7%
Sector (XLK)126.1%30.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
INTA Return-10%-1%52%69%-29%-20%30%
Peers Return13%-38%47%33%-14%-10%6%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
INTA Win Rate57%67%58%67%42%56% 
Peers Win Rate55%30%57%60%47%38% 
S&P 500 Win Rate75%42%67%75%67%56% 

Max Drawdowns [4]
INTA Max Drawdown--51%-36%-32%-52%-58% 
Peers Max Drawdown-24%-48%-22%-19%-34%-40% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: CRM, NOW, TRI, SSNC, DOCU.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/24/2026 (YTD)

How Low Can It Go

EventINTAS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-19.3%-9.5%
  % Gain to Breakeven23.9%10.5%
  Time to Breakeven47 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-44.0%-24.5%
  % Gain to Breakeven78.5%32.4%
  Time to Breakeven99 days427 days

Compare to CRM, NOW, TRI, SSNC, DOCU

In The Past

Intapp's stock fell -6.7% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 7.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventINTAS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-44.0%-24.5%
  % Gain to Breakeven78.5%32.4%
  Time to Breakeven99 days427 days

Compare to CRM, NOW, TRI, SSNC, DOCU

In The Past

Intapp's stock fell -6.7% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 7.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Intapp (INTA)

Intapp (INTA) provides specialized cloud-based software solutions tailored for the professional and financial services industries globally. The company empowers these firms to adopt modern AI and cloud-based architectures for their essential business functions, ensuring industry-specific functionality and compliance are maintained. Intapp's software is delivered via a subscription model through a direct enterprise sales approach.

The company offers two primary product suites: DealCloud and OnePlace. DealCloud is a comprehensive deal and relationship management solution designed for financial services firms, helping them manage market relationships, prospective clients, investments, engagements, deal processes, and regulatory compliance. OnePlace focuses on professional services firms, providing tools to manage the entire client and engagement lifecycle.

Intapp's key customers span a variety of specialized sectors within professional and financial services, including private capital firms, investment banks, legal practices, accounting firms, and consulting agencies. Essentially, Intapp equips these niche industries with sophisticated, cloud-native tools to optimize their operations, manage critical relationships, and navigate complex industry-specific workflows efficiently.

AI Analysis | Feedback

Here are a few analogies for Intapp (INTA):

  • Salesforce, but tailored specifically for professional and financial services firms.

  • Workday, but for the core client and deal management operations of legal, accounting, and investment firms.

AI Analysis | Feedback

  • DealCloud: A cloud-based solution for financial services firms to manage deals, relationships, prospective clients, investments, and compliance.
  • OnePlace: A cloud-based solution that helps professional services firms manage their client and engagement lifecycle.

AI Analysis | Feedback

Intapp (INTA) sells its cloud-based software solutions primarily to other companies, specifically professional and financial services firms. While the company does not publicly disclose a definitive list of its "major" customers by revenue contribution, its customer base includes a wide array of leading firms within its target sectors. Examples of firms that have publicly partnered with or been identified as clients of Intapp include:

  • Apollo Global Management (NYSE: APO) - Private Capital
  • The Carlyle Group (NASDAQ: CG) - Private Capital
  • Lazard (NYSE: LAZ) - Investment Banking
  • Baker McKenzie - Legal
  • Dentons - Legal
  • KPMG - Accounting/Consulting

These examples represent the types of private capital, investment banking, legal, accounting, and consulting firms that utilize Intapp's DealCloud and OnePlace solutions.

AI Analysis | Feedback

Major Suppliers:

  • Amazon.com, Inc. (Symbol: AMZN)
  • Microsoft Corporation (Symbol: MSFT)

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John Hall, Chairman and Chief Executive Officer

John Hall has served as Chairman and Chief Executive Officer of Intapp since 2007. Prior to joining Intapp, he was an early executive and co-founder at VA Linux Systems, helping to lead the company from its startup phase to a successful initial public offering (IPO). His leadership at Intapp has been characterized by a focus on innovation and client success. Intapp also received a majority investment from Great Hill Partners in 2012, during his tenure as CEO, before its IPO in 2021.

David Morton, Chief Financial Officer

David Morton joined Intapp as Chief Financial Officer in August 2023. He is a seasoned finance professional with over 20 years of experience in the technology industry, including global leadership roles. Morton previously served as CFO at DigiCert from November 2021 to August 2023. Before that, he was CFO at Anaplan from September 2018 to July 2021, where he played a crucial role in the company's successful public offering in 2018. He also held positions as Chief Accounting Officer at Tesla from August 2018 to September 2018 and CFO at Seagate Technology from 2015 to 2017.

Thad Jampol, Co-Founder and Chief Product Officer

Thad Jampol co-founded Intapp (originally named Tsunami Software) in December 2000 with Dan Harsell and Vera Newman. He leads Intapp's global product vision, design, and development, and is recognized as the architect of the Intapp Industry Cloud. Jampol has 20 years of experience in bringing vertically oriented enterprise software solutions to multiple industries. As a co-founder, he maintained significant majority ownership during the company's formative, bootstrapped years and was involved when Intapp received a majority investment from Great Hill Partners in 2012, prior to its IPO.

Don Coleman, Chief Operating Officer

Don Coleman directs Intapp's global business operations, overseeing legal sales and marketing, professional services, and customer success.

Ben Harrison, President, Industries

Ben Harrison serves as President, Industries for Intapp. He has also been referred to as Co-President of Financial Services.

AI Analysis | Feedback

The key risks to Intapp's business are primarily centered around intense competition, the impact of economic conditions and market expectations on its growth, and the critical importance of data security for its cloud-based solutions.
  • Intense Competition: Intapp operates in a highly competitive professional services automation (PSA) software market. The company faces competition from both specialized vendors and larger, more generalized software providers like Salesforce and SAP, which are increasingly developing vertically integrated solutions. This fierce competition could impact Intapp's ability to attract and retain clients, maintain pricing power, and achieve its growth targets.
  • Reliance on Market Expectations and Economic Conditions: Intapp's financial performance and stock valuation are significantly influenced by market expectations for its growth. Recent instances show that even when the company beats earnings estimates, lower-than-anticipated guidance for future periods can lead to a substantial negative reaction from investors. Additionally, as a provider to professional and financial services firms, Intapp is susceptible to broader economic conditions, including inflationary pressures, market downturns, and volatility within its targeted industries, which could affect demand for its solutions.
  • Data Security and Privacy Risks: As a cloud-based software provider handling sensitive client data for professional and financial services firms, Intapp faces significant risks related to data breaches, unauthorized access, and other disruptions to its solutions. A failure to prevent or respond effectively to such incidents could lead to severe reputational damage, substantial financial losses, and regulatory penalties.

AI Analysis | Feedback

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AI Analysis | Feedback

Intapp, Inc. (symbol: INTA) operates within several significant addressable markets for its cloud-based software solutions tailored for the professional and financial services industries. Its main products, DealCloud and OnePlace, cater to specific segments within these broader markets.

Addressable Markets for Intapp's Products and Services:

Overall Addressable Market:

  • Intapp itself estimates its Total Addressable Market (TAM) at approximately $31 billion and its Serviceable Addressable Market (SAM) at around $24 billion, as referenced in their investor relations materials in 2025 and 2026.
  • The AI in professional workflow management market is expected to reach $164.2 billion by 2025.

For DealCloud (Deal and Relationship Management Solution for Financial Services):

  • The global financial services software market was valued at $118.65 billion in 2021 and is projected to reach $282.71 billion by 2031, growing at a CAGR of 9.2%.
  • Another estimate values the global financial services software market at $122.74 billion in 2023, projected to reach $235.07 billion by 2031 with an 8.66% CAGR.
  • The global financial services applications market was valued at $165.91 billion in 2025 and is estimated to grow to $343.64 billion by 2031, with a CAGR of 12.92%.
  • IT spending on software within the U.S. banking and investment sector reached an estimated $107.8 billion in 2024.
  • The global Customer Relationship Management (CRM) market is projected to reach $53 billion globally in the next 12 months, with 37% of this spending coming from buyers in the United States. This market was valued at $80 billion in 2024 and is expected to reach $106.1 billion by 2029, growing at a CAGR of 5.8%.

For OnePlace (Client and Engagement Lifecycle Management for Professional Services):

  • The global professional service automation (PSA) software market was valued at $14.41 billion in 2025 and is projected to grow to $50.33 billion by 2034, exhibiting a CAGR of 14.91%. Another report estimates the global PSA software market at $15.0 billion in 2025, projected to reach $44.5 billion by 2035 with a CAGR of 11.5%.
  • The global Customer Engagement Software Market was estimated at $18.82 billion in 2025 and is expected to reach $39.52 billion by 2032, with a CAGR of 11.17%. Another source estimates the global customer engagement solutions market size in 2026 at $28.13 billion, projected to reach $45.9 billion by 2031 with a 10.28% CAGR.
  • The global contract lifecycle management (CLM) software market exceeded $1.24 billion in 2025 and is projected to grow at a CAGR of 13.1% between 2026 and 2034. The CLM software market was estimated at $1.62 billion in 2024 and is projected to reach $3.24 billion by 2030, with a CAGR of 12.7%. North America dominated this market in 2024, holding over 37.10% of the revenue share.

AI Analysis | Feedback

Intapp (NASDAQ: INTA) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives and market trends. These include the continued shift of clients to its cloud-based solutions, the expansion of its client base through new acquisitions and deeper engagement with existing customers, the ongoing development and adoption of its AI-powered offerings, the leveraging of its robust partner ecosystem, and expansion into international markets and through strategic acquisitions.

1. Cloud Migration and SaaS Growth

A primary driver of Intapp's future revenue growth is the ongoing migration of its clients to cloud-based solutions and the subsequent expansion of its Software-as-a-Service (SaaS) offerings. The company's cloud Annual Recurring Revenue (ARR) has shown significant growth, increasing by 31% year-over-year in the second quarter of fiscal year 2026. Cloud-based solutions now represent 81% of Intapp's total ARR, indicating a strong transition to this recurring revenue model. Intapp's growth strategy is centered on this cloud migration, with 80% of its ARR already cloud-based and 93% of clients utilizing at least some portion of their Intapp business in the cloud. This shift is further incentivized by the delivery of key AI capabilities exclusively via the cloud.

2. Expansion within Existing Clients and New Client Acquisition

Intapp is focused on both acquiring new clients and expanding its relationships with existing ones. The company reported a cloud net revenue retention rate of 124% as of December 31, 2025, demonstrating strong success in upsell and cross-sell activities with its current customer base. This is further evidenced by the increase in clients generating at least $100,000 in ARR, rising from 728 a year ago to 834 clients. Intapp's ability to retain and steadily expand business with its existing customers is a consistent theme in its financial reporting.

3. Applied AI Capabilities and Product Innovation

The integration and adoption of advanced Artificial Intelligence (AI) capabilities represent a significant growth driver for Intapp. The company is actively executing a "vertical AI roadmap" designed to enhance its solutions for the highly regulated industries it serves. Recent innovations, such as the Intapp Time Horizon release with generative AI capabilities and Intapp assist for DealCloud and Intapp Walls for Copilot, are aimed at automating tasks, improving workflows, and increasing efficiency for clients. Intapp anticipates that leveraging increasing AI investments within its professional services sectors could expand its total addressable market by an estimated $30 billion.

4. Partner Ecosystem and Strategic Partnerships

Intapp's growing partner ecosystem, particularly its strategic partnership with Microsoft, is a key enabler of its long-term cloud growth. The availability of Intapp's solutions on the Microsoft Azure marketplace and co-sell activities with partners are crucial for supporting larger enterprise deployments and extending its reach. Service partner certifications have also seen a significant rise, reinforcing Intapp's position within the ecosystem.

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Share Repurchases

  • Intapp authorized a new common stock repurchase program of up to $200.0 million on January 29, 2026. This followed the completion of a prior $150.0 million share repurchase program authorized on August 7, 2025.
  • For the six months ended December 31, 2025, Intapp repurchased 3.4 million shares of its common stock for an aggregate amount of $150.1 million.
  • The repurchase programs allow for discretionary purchases through open market transactions, privately negotiated transactions, or Rule 10b5-1 trading plans and do not have an expiration date.

Share Issuance

  • Intapp's Initial Public Offering (IPO) was priced on June 29, 2021, at $26.00 per share, offering 10,500,000 shares of common stock and raising approximately $277 million.
  • The company registers additional shares for issuance under its 2021 Omnibus Incentive Plan and 2021 Employee Stock Purchase Plan, which include "evergreen" provisions that automatically increase the shares reserved annually.
  • As of August 25, 2023, there were 69,240,659 shares of common stock outstanding.

Inbound Investments

  • Great Hill Partners made a majority investment in Intapp in 2012, providing significant capital to accelerate growth and support its mergers and acquisitions strategy.
  • In 2017, Temasek made a strategic investment, further fueling Intapp's growth and product development initiatives.
  • BlackRock, Inc. acquired an additional 916,937 shares of Intapp Inc (INTA) on December 31, 2024, at a price of $64.09 per share, increasing its total holdings to 4,614,813 shares.

Outbound Investments

  • Intapp announced an agreement to acquire TermSheet, a software provider for real estate teams, in April 2025. This acquisition aims to expand the functionality of the DealCloud platform and enhance its offerings for real assets investments with Applied AI.
  • In 2023, Intapp acquired Paragon Data Labs for $40 million, as part of its strategy to expand platform capabilities through mergers and acquisitions.
  • As of March 12, 2026, Intapp had made one investment in AlphaStream and acquired ten companies, including TermSheet and Transform Data International.

Capital Expenditures

  • Capital expenditures for the fiscal year 2024 (ending June 30, 2024) totaled approximately $26.39 million.
  • For the first quarter of fiscal year 2025 (ending September 30, 2024), capital expenditures were $9.04 million.
  • These investments support the company's ongoing growth, particularly in developing AI-powered and cloud-based solutions.

Better Bets vs. Intapp (INTA)

Peer Outperformance in Application Software

INTA has outperformed 81% of its 123 Application Software peers over 5Y. Among the peers that beat it are CDNS and AGYS. Application Software ranks 11th of 12 industries in Information Technology by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Application Software constituents that INTA has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
65%
of 155 industry peers · -13.7% return
3Y
67%
of 142 industry peers · 17.7% return
5Y
81%
of 123 industry peers · 21.3% return
Application Software peers with revenue growth within 4pp of INTA's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
INTA Intapp 18.1% -68.3x -13.7%17.7%21.3% —
CDNS Cadence Design Systems 15.5% 64.0x -9.8%39.2%96.9% +76pp
AGYS Agilysys 16.9% 65.3x -4.4%49.9%89.4% +68pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Information Technology sector, ranked by 5Y. Application Software is INTA's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 9 64.1%190.1%274.2% TTMI 913% · FLEX 704% · SANM 465%
Semiconductor Materials & Equipment 28 96.9%90.8%107.3% AXTI 783% · AEHR 516% · KLAC 432%
Technology Distributors 9 39.9%78.0%100.0% CLMB 408% · AVT 204% · SNX 148%
Communications Equipment 36 11.4%85.9%68.7% AAOI 1295% · FEIM 1006% · LITE 973%
Electronic Components 26 43.7%74.3%62.9% CLS 3849% · BELFA 1387% · COHR 373%
Semiconductors 55 28.1%40.5%38.8% POET 1803% · MU 1396% · NVDA 922%
Technology Hardware, Storage & Peripherals 20 19.0%111.2%34.5% STX 1113% · DELL 1028% · SMCI 1013%
Internet Services & Infrastructure 6 1.1%49.4%30.8% DOCN 72% · GDDY 42% · VRSN 36%
Electronic Equipment & Instruments 26 -16.5%13.2%-12.7% PI 188% · OSIS 114% · KEYS 100%
IT Consulting & Other Services 30 -28.4%-18.9%-39.2% CHRN 574900% · APLD 1162% · TSSI 826%
Application Software ← 124 -30.6%-13.8%-48.0% VIDA 139900% · INLX 4910% · PLTR 574%
Systems Software 74 -19.3%10.9%-58.4% QNC 613% · ZETA 393% · PANW 377%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

INTACRMNOWTRISSNCDOCUMedian
NameIntapp Salesfor.ServiceN.Thomson .SS&C Tec.Docusign  
Mkt Price36.83238.22137.78100.3278.5068.9989.41
Mkt Cap2.8195.30.144.018.713.215.9
Rev LTM57843,93814,7327,8326,5643,3617,198
Op Inc LTM-409,4551,6802,1701,5504021,615
FCF LTM13615,1544,5712,2321,5041,1981,868
FCF 3Y Avg10313,0373,8092,0201,2161,0181,618
CFO LTM14715,7505,3082,8851,8161,3242,351
CFO 3Y Avg11313,6644,6282,6371,4941,1242,065

Growth & Margins

INTACRMNOWTRISSNCDOCUMedian
NameIntapp Salesfor.ServiceN.Thomson .SS&C Tec.Docusign  
Rev Chg LTM14.6%11.2%22.2%7.0%8.6%8.6%9.9%
Rev Chg 3Y Avg18.1%9.9%22.5%5.2%6.8%8.2%9.1%
Rev Chg Q13.0%10.8%24.0%9.5%10.3%9.4%10.6%
QoQ Delta Rev Chg LTM3.1%2.6%5.5%2.2%2.5%2.3%2.5%
Op Inc Chg LTM-46.6%12.8%4.9%12.0%11.9%64.1%11.9%
Op Inc Chg 3Y Avg7.0%31.8%55.3%4.8%9.7%158.5%20.7%
Op Mgn LTM-6.9%21.5%11.4%27.7%23.6%12.0%16.7%
Op Mgn 3Y Avg-6.6%20.6%11.8%25.5%23.2%8.3%16.2%
QoQ Delta Op Mgn LTM0.2%-0.3%-2.0%1.0%0.5%1.3%0.4%
CFO/Rev LTM25.4%35.8%36.0%36.8%27.7%39.4%35.9%
CFO/Rev 3Y Avg21.8%34.1%38.0%35.6%24.4%36.1%34.9%
FCF/Rev LTM23.6%34.5%31.0%28.5%22.9%35.7%29.8%
FCF/Rev 3Y Avg20.0%32.5%31.1%27.3%19.8%32.7%29.2%

Valuation

INTACRMNOWTRISSNCDOCUMedian
NameIntapp Salesfor.ServiceN.Thomson .SS&C Tec.Docusign  
Mkt Cap2.8195.30.144.018.713.215.9
P/S4.94.40.05.62.83.94.2
P/Op Inc-70.420.70.120.312.132.816.2
P/EBIT-70.415.40.118.612.229.813.8
P/E-68.320.20.126.521.640.020.9
P/CFO19.212.40.015.210.310.011.3
Total Yield-1.5%5.7%1,175.2%6.2%6.0%2.5%5.9%
Dividend Yield0.0%0.8%0.0%2.4%1.4%0.0%0.4%
FCF Yield 3Y Avg4.0%7.1%2,084.2%3.6%7.4%9.5%7.2%
D/E0.00.259.50.10.40.00.1
Net D/E-0.10.226.70.10.4-0.00.1

Returns

INTACRMNOWTRISSNCDOCUMedian
NameIntapp Salesfor.ServiceN.Thomson .SS&C Tec.Docusign  
1M Rtn-9.5%16.0%8.5%-3.9%-5.1%14.0%2.3%
3M Rtn67.3%58.9%53.9%24.6%25.0%62.5%56.4%
6M Rtn46.2%29.2%32.9%12.5%17.8%46.2%31.1%
12M Rtn-13.7%-2.3%-26.2%-34.7%-9.4%-17.9%-15.8%
3Y Rtn17.7%17.7%23.1%-16.0%52.2%66.2%20.4%
1M Excs Rtn-9.9%15.7%8.1%-4.2%-5.4%13.6%1.9%
3M Excs Rtn62.5%54.2%49.2%19.9%20.3%57.8%51.7%
6M Excs Rtn37.0%14.9%16.8%-0.5%0.4%32.1%15.9%
12M Excs Rtn-31.0%-17.5%-41.5%-51.7%-26.1%-34.4%-32.7%
3Y Excs Rtn-68.8%-60.8%-53.0%-90.9%-25.4%-15.5%-56.9%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment504431351272215
Total504431351272215


Price Behavior

Price Behavior
Market Price$36.83 
Market Cap ($ Bil)2.8 
First Trading Date06/30/2021 
Distance from 52W High-22.7% 
   50 Days200 Days
DMA Price$36.70$30.66
DMA Trendindeterminateup
Distance from DMA0.4%20.1%
 3M1YR
Volatility58.0%59.1%
Downside Capture-97.39111.13
Upside Capture178.6373.77
Correlation (SPY)0.5%9.5%
INTA Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta0.510.05-0.13-0.410.421.21
Up Beta-0.10-1.26-1.92-1.79-0.661.05
Down Beta2.25-0.990.26-0.630.231.18
Up Capture283%304%204%91%68%180%
Bmk +ve Days10213268138427
Stock +ve Days11273767115377
Down Capture-324%-170%-150%-77%103%108%
Bmk -ve Days11213259113324
Stock -ve Days10152659134368

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with INTA
INTA-15.3%59.0%-0.06-
Sector ETF (XLK)39.7%26.4%1.236.6%
Equity (SPY)16.7%13.0%0.929.5%
Gold (GLD)13.1%29.3%0.42-10.3%
Commodities (DBC)45.1%20.7%1.71-8.3%
Real Estate (VNQ)3.7%13.7%0.014.5%
Bitcoin (BTCUSD)-24.8%44.8%-0.5117.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with INTA
INTA2.3%54.5%0.24-
Sector ETF (XLK)20.7%26.0%0.7137.7%
Equity (SPY)12.9%17.2%0.5740.1%
Gold (GLD)19.0%18.8%0.82-2.3%
Commodities (DBC)10.6%19.6%0.421.0%
Real Estate (VNQ)0.7%18.9%-0.0723.2%
Bitcoin (BTCUSD)12.0%52.6%0.4119.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with INTA
INTA2.8%54.7%0.30-
Sector ETF (XLK)24.9%25.0%0.9037.0%
Equity (SPY)15.5%17.9%0.7339.2%
Gold (GLD)12.0%16.4%0.60-1.9%
Commodities (DBC)8.5%18.1%0.390.0%
Real Estate (VNQ)4.8%20.7%0.1922.6%
Bitcoin (BTCUSD)63.7%66.2%1.0320.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date8312026
Short Interest: Shares Quantity3.3 Mil
Short Interest: % Change Since 8152026-3.9%
Average Daily Volume0.6 Mil
Days-to-Cover Short Interest5.4 days
Basic Shares Quantity76.6 Mil
Short % of Basic Shares4.3%

Earnings Returns History

Updated 9/4/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/4/202612.8%21.8%26.6%
5/5/2026-4.2%-5.4%1.3%
2/3/2026-13.2%-12.9%-3.5%
8/12/202515.5%15.1%23.0%
5/6/2025-6.6%-1.0%-1.0%
2/4/2025-1.2%-4.8%-17.0%
11/4/20240.5%19.6%34.6%
8/13/202412.8%24.6%29.6%
...
SUMMARY STATS   
# Positive141312
# Negative678
Median Positive10.1%15.1%18.4%
Median Negative-5.5%-5.4%-12.5%
Max Positive18.1%29.2%46.3%
Max Negative-13.2%-12.9%-29.8%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/4/202612.8%21.8%26.6%
5/5/2026-4.2%-5.4%1.3%
2/3/2026-13.2%-12.9%-3.5%
8/12/202515.5%15.1%23.0%
5/6/2025-6.6%-1.0%-1.0%
2/4/2025-1.2%-4.8%-17.0%
11/4/20240.5%19.6%34.6%
8/13/202412.8%24.6%29.6%
5/7/20249.0%12.7%5.7%
2/6/2024-11.1%-9.5%-19.2%
11/7/202311.1%15.9%2.8%
9/6/2023-4.5%-4.9%-5.8%
5/8/202315.4%15.2%13.9%
2/6/202318.1%29.2%46.3%
11/7/20227.8%3.2%9.2%
9/7/20228.5%9.4%40.0%
5/11/20224.1%9.5%-14.1%
2/9/20223.6%7.9%9.4%
11/10/202115.3%7.6%-10.9%
9/8/20213.4%-9.0%-29.8%
SUMMARY STATS   
# Positive141312
# Negative678
Median Positive10.1%15.1%18.4%
Median Negative-5.5%-5.4%-12.5%
Max Positive18.1%29.2%46.3%
Max Negative-13.2%-12.9%-29.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/14/202610-K
03/31/202605/05/202610-Q
12/31/202502/03/202610-Q
09/30/202511/04/202510-Q
06/30/202508/20/202510-K
03/31/202505/06/202510-Q
12/31/202402/04/202510-Q
09/30/202411/07/202410-Q
06/30/202408/26/202410-K
03/31/202405/09/202410-Q
12/31/202302/08/202410-Q
09/30/202311/08/202310-Q
06/30/202309/07/202310-K
03/31/202305/09/202310-Q
12/31/202202/08/202310-Q
09/30/202211/08/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/14/202610-K
03/31/202605/05/202610-Q
12/31/202502/03/202610-Q
09/30/202511/04/202510-Q
06/30/202508/20/202510-K
03/31/202505/06/202510-Q
12/31/202402/04/202510-Q
09/30/202411/07/202410-Q
06/30/202408/26/202410-K
03/31/202405/09/202410-Q
12/31/202302/08/202410-Q
09/30/202311/08/202310-Q
06/30/202309/07/202310-K
03/31/202305/09/202310-Q
12/31/202202/08/202310-Q
09/30/202211/08/202210-Q
06/30/202209/09/202210-K
03/31/202205/13/202210-Q
12/31/202102/11/202210-Q
09/30/202111/12/202110-Q
06/30/202109/15/202110-K
03/31/202106/24/2021S-1/A

Recent Forward Guidance

Updated 8/5/2026

Latest: Q4 2026 Earnings Reported 8/4/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q1 2027 Subscription revenueReported123.70 Mil124.20 Mil124.70 Mil   
Q1 2027 Total revenueReported159.30 Mil159.80 Mil160.30 Mil6.8% Higher NewGuidance: 149.60 Mil for Q4 2026
Q1 2027 Non-GAAP operating incomeReported33.40 Mil33.90 Mil34.40 Mil17.3% Higher NewGuidance: 28.90 Mil for Q4 2026
Q1 2027 Non-GAAP diluted net income per shareReported0.390.40.418.1% Higher NewGuidance: 0.37 for Q4 2026
2027 Subscription revenueReported528.70 Mil530.70 Mil532.70 Mil   
2027 Total revenueReported656.50 Mil658.50 Mil660.50 Mil14.6% Higher NewGuidance: 574.80 Mil for 2026
2027 Non-GAAP operating incomeReported134.70 Mil136.70 Mil138.70 Mil32.5% Higher NewGuidance: 103.20 Mil for 2026
2027 Non-GAAP diluted net income per shareReported1.581.61.6230.1% Higher NewGuidance: 1.23 for 2026


Prior: Q3 2026 Earnings Reported 5/5/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q4 2026 SaaS RevenueReported113.10 Mil113.60 Mil114.10 Mil   
Q4 2026 Total RevenueReported149.10 Mil149.60 Mil150.10 Mil   
Q4 2026 Non-GAAP Operating IncomeReported28.40 Mil28.90 Mil29.40 Mil   
Q4 2026 Non-GAAP Diluted Net Income Per ShareReported0.360.370.38   
2026 SaaS RevenueReported421.00 Mil421.50 Mil422.00 Mil1.1% RaisedGuidance: 417.00 Mil for 2026
2026 Total RevenueReported574.30 Mil574.80 Mil575.30 Mil0.4% RaisedGuidance: 572.30 Mil for 2026
2026 Non-GAAP Operating IncomeReported102.70 Mil103.20 Mil103.70 Mil1.3% RaisedGuidance: 101.90 Mil for 2026
2026 Non-GAAP Diluted Net Income Per ShareReported1.221.231.240.8% RaisedGuidance: 1.22 for 2026

Q2 2026 Earnings Reported 2/3/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q3 2026 SaaS revenueReported105.00 Mil105.50 Mil106.00 Mil  Higher New
Q3 2026 Total revenueReported143.80 Mil144.30 Mil144.80 Mil  Higher New
Q3 2026 Non-GAAP operating incomeReported23.10 Mil23.60 Mil24.10 Mil  Higher New
Q3 2026 Non-GAAP diluted net income per shareReported0.270.280.29  Higher New
2026 SaaS revenueReported415.00 Mil417.00 Mil419.00 Mil0.9% RaisedGuidance: 413.40 Mil for 2026
2026 Total revenueReported570.30 Mil572.30 Mil574.30 Mil0.6% RaisedGuidance: 568.70 Mil for 2026
2026 Non-GAAP operating incomeReported99.90 Mil101.90 Mil103.90 Mil4.0% RaisedGuidance: 98.00 Mil for 2026
2026 Non-GAAP diluted net income per shareReported1.21.221.249.9% RaisedGuidance: 1.11 for 2026

Insider Activity

Updated 9/23/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Hall, John TChief Executive OfficerDirectSell923202636.743,000110,220213,636,046Form
2Hall, John TChief Executive OfficerDirectSell916202637.933,000113,795220,566,134Form
3Hall, John TChief Executive OfficerDirectSell910202639.593,000118,769230,207,086Form
4Hall, John TChief Executive OfficerDirectSell902202643.273,000129,810251,606,742Form
5Sedgwick, Dustin DE ForestChief Marketing OfficerDirectSell826202641.211,47460,751911,343Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Hall, John TChief Executive OfficerDirectSell923202636.743,000110,220213,636,046Form
2Hall, John TChief Executive OfficerDirectSell916202637.933,000113,795220,566,134Form
3Hall, John TChief Executive OfficerDirectSell910202639.593,000118,769230,207,086Form
4Hall, John TChief Executive OfficerDirectSell902202643.273,000129,810251,606,742Form
5Sedgwick, Dustin DE ForestChief Marketing OfficerDirectSell826202641.211,47460,751911,343Form
6Morton, David H JRChief Financial OfficerDirectSell826202640.8810,000408,8164,908,817Form
7Hall, John TChief Executive OfficerDirectSell826202641.2065,8022,710,800239,548,628Form
8Neble, George R DirectSell821202640.002,624104,9601,218,600Form
9Hall, John TChief Executive OfficerDirectSell818202639.063,000117,185227,136,344Form
10Morton, David H JRChief Financial OfficerDirectSell817202640.7220,000814,3043,435,955Form
11Jampol, ThadChief Product OfficerDirectSell817202640.7625,0001,019,01437,210,612Form
12Hall, John TChief Executive OfficerDirectSell812202637.043,000111,120215,380,488Form
13Hall, John TChief Executive OfficerDirectSell807202636.86146,6745,405,890214,313,471Form
14Sedgwick, Dustin DE ForestChief Marketing OfficerDirectSell804202635.003,530123,550483,490Form
15Murgel, MicheleChief People & Places OfficerDirectSell630202625.0214,591365,1275,846,431Form
16Hall, John TChief Executive OfficerDirectSell1231202547.488,000379,864271,207,132Form
17Hall, John TChief Executive OfficerDirectSell1223202547.098,000376,714268,957,934Form
18Hall, John TChief Executive OfficerDirectSell1217202542.2816,000676,485241,491,037Form
19Sedgwick, Dustin DE ForestChief Marketing OfficerDirectSell1212202542.581,77475,53775,580Form
20Hall, John TChief Executive OfficerDirectSell1210202543.348,000346,737247,555,686Form
21Harrison, David BenjaminPresident, IndustriesDirectSell1205202544.984,960223,09575,520Form
22Coleman, Donald FChief Operating OfficerDirectSell1205202545.001,54169,34520,142,585Form
23Hall, John TChief Executive OfficerDirectSell1203202543.458,000347,625248,189,810Form
24Morton, David H JRChief Financial OfficerDirectSell1126202540.7610,000407,5721,783,739Form
25Hall, John TChief Executive OfficerDirectSell1126202540.7622,243906,596232,800,163Form
26Neble, George R DirectSell1118202542.431,80076,3651,190,623Form
27Hall, John TChief Executive OfficerDirectSell1118202542.348,000338,692241,576,188Form
28Hall, John TChief Executive OfficerDirectSell1112202539.5164,0002,528,781225,460,810Form
29Hall, John TChief Executive OfficerDirectSell917202545.808,000366,401256,424,646Form
30Coleman, Donald FChief Operating OfficerDirectSell916202545.211,52068,71919,985,578Form
31Murgel, MicheleChief People & Places OfficerDirectSell910202544.8628,5331,279,9588,675,028Form
32Hall, John TChief Executive OfficerDirectSell910202544.868,000358,862251,148,729Form
33Hall, John TChief Executive OfficerDirectSell904202544.878,000358,978251,229,911Form

Investor Activity (13F)

Updated Sep 25, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Praesidium Investment Management Company, LLC$51.7 Mil12.3%12ADD +9.2%13F
Cadian Capital Management, LP$32.1 Mil3.9%23ADD +574.8%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Cadian Capital Management, LP$32.1 Mil3.9%23ADD +574.8%13F
Praesidium Investment Management Company, LLC$51.7 Mil12.3%12ADD +9.2%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Luxor Capital Group, LP$52.2 Mil7.8%36Exited13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Praesidium Investment Management Company, LLC$51.7 Mil12.3%12ADD +9.2%13F
Cadian Capital Management, LP$32.1 Mil3.9%23ADD +574.8%13F
Core Cache Last Updated: 9/24/2026