Intapp (NASDAQ:INTA) Trading Down 4.9% – Here’s Why

Shares of Intapp, Inc. (NASDAQ:INTA) fell 4.9% during trading on Thursday . The company traded as low as $19.55 and last traded at $19.9340. 39,438 shares were traded during mid-day trading, a decline of 97% from the average session volume of 1,156,682 shares. The stock had previously closed at $20.96.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on INTA. Zacks Research lowered shares of Intapp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Stifel Nicolaus cut their price objective on shares of Intapp from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Citigroup raised their price objective on shares of Intapp from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. UBS Group cut their price objective on shares of Intapp from $54.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Finally, Piper Sandler cut their price objective on shares of Intapp from $33.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, February 26th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $34.57.

Intapp Stock Up 0.4%

The firm has a market capitalization of $1.57 billion, a P/E ratio of -44.35 and a beta of 0.49. The firm’s 50-day simple moving average is $23.29 and its 200-day simple moving average is $32.10.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, May 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. Intapp had a negative net margin of 6.48% and a negative return on equity of 2.28%. The business had revenue of $146.04 million during the quarter, compared to analyst estimates of $144.32 million. During the same period in the previous year, the business posted $0.26 earnings per share. Intapp’s revenue for the quarter was up 13.1% on a year-over-year basis. Intapp has set its Q4 2026 guidance at 0.360-0.380 EPS and its FY 2026 guidance at 1.220-1.240 EPS. As a group, analysts expect that Intapp, Inc. will post -0.05 EPS for the current fiscal year.

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

Institutional Investors Weigh In On Intapp

Several hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP raised its stake in shares of Intapp by 143.7% during the third quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company’s stock worth $77,365,000 after acquiring an additional 1,115,392 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of Intapp during the third quarter worth approximately $45,349,000. Barclays PLC raised its stake in shares of Intapp by 1,160.6% during the fourth quarter. Barclays PLC now owns 1,094,989 shares of the company’s stock worth $50,172,000 after acquiring an additional 1,008,128 shares in the last quarter. Norges Bank purchased a new position in shares of Intapp during the fourth quarter worth approximately $32,302,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Intapp by 103.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,212,052 shares of the company’s stock worth $55,536,000 after acquiring an additional 617,649 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Intapp Company Profile

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.