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PALO ALTO - Intapp, Inc. (NASDAQ:INTA), a provider of AI-powered solutions for professional services firms with a market capitalization of $2.99 billion, announced Tuesday that its Board of Directors has authorized a common stock repurchase program of up to $150 million. The announcement comes as InvestingPro data shows the company maintains a strong balance sheet with more cash than debt, while delivering impressive revenue growth of 17.7% over the last twelve months.
The program, approved on August 7, 2025, allows the company to purchase shares on a discretionary basis through various methods, including open market repurchases, privately negotiated transactions, and Rule 10b5-1 trading plans. The timing appears strategic, as InvestingPro analysis indicates the stock is currently in oversold territory, trading significantly below its 52-week high of $77.74.
According to the company’s statement, the repurchase program has no expiration date. The timing and volume of share repurchases will be determined by factors including stock price, trading volume, and market conditions.
Intapp indicated that the program does not obligate the company to acquire any specific number of shares and may be modified, suspended, or discontinued at any time. Funding for the repurchases will come from existing cash and cash equivalents or future cash flow.
The company provides software solutions for professionals in advisory, capital markets, and legal firms. Its platform offers firm and market intelligence tools designed for various professional services sectors including accounting, consulting, investment banking, legal, and private capital.
The announcement was made in a press release statement issued by the company.
In other recent news, Intapp has been downgraded by Barclays from Equalweight to Underweight due to concerns over slowing growth. Barclays anticipates that Intapp’s organic annual recurring revenue growth may fall below 20%, potentially dipping into the teens next year. Stifel also adjusted its price target for Intapp to $60 from $65, citing lower on-premise license revenue expectations for fiscal year 2026 and beyond, while maintaining a Buy rating. Meanwhile, Intapp has announced a strategic partnership with Snowflake, aiming to enhance deal management analytics for advisory, capital markets, and legal firms. This collaboration will integrate Intapp’s DealCloud platform with Snowflake’s AI Data Cloud to improve data utilization and decision-making. In other developments, Altrio Inc. has appointed Brian McGowan to its board of directors. McGowan’s extensive experience in high-growth technology companies is expected to support Altrio’s growth strategy, particularly following the launch of a new version of its deal management platform, Origin.
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