Intapp (NASDAQ:INTA) Shares Gap Down – What’s Next?

Intapp, Inc. (NASDAQ:INTA)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $28.56, but opened at $26.93. Intapp shares last traded at $27.67, with a volume of 113,136 shares traded.

Wall Street Analyst Weigh In

Several brokerages have commented on INTA. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Intapp in a research note on Friday, June 5th. Zacks Research upgraded shares of Intapp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 1st. Wall Street Zen raised Intapp from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. UBS Group decreased their target price on Intapp from $54.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Finally, Citigroup raised their price target on Intapp from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $34.57.

Intapp Trading Up 1.9%

The company has a market cap of $2.18 billion, a P/E ratio of -61.48, a PEG ratio of 3.07 and a beta of 0.47. The business has a 50 day moving average price of $23.75 and a 200-day moving average price of $27.12.

Intapp (NASDAQ:INTA) last issued its earnings results on Tuesday, May 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $146.04 million for the quarter, compared to analysts’ expectations of $144.32 million. During the same period in the prior year, the firm earned $0.26 EPS. Intapp’s quarterly revenue was up 13.1% compared to the same quarter last year. Intapp has set its Q4 2026 guidance at 0.360-0.380 EPS and its FY 2026 guidance at 1.220-1.240 EPS. On average, sell-side analysts expect that Intapp, Inc. will post -0.05 earnings per share for the current year.

Insider Activity

In other news, insider Michele Murgel sold 14,591 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $25.02, for a total value of $365,066.82. Following the transaction, the insider owned 233,632 shares of the company’s stock, valued at approximately $5,845,472.64. This represents a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intapp

Hedge funds and other institutional investors have recently modified their holdings of the company. Bamco Inc. NY grew its stake in shares of Intapp by 15.5% in the fourth quarter. Bamco Inc. NY now owns 3,327,989 shares of the company’s stock valued at $152,488,000 after acquiring an additional 447,039 shares in the last quarter. Capital World Investors raised its stake in Intapp by 3.5% in the 4th quarter. Capital World Investors now owns 2,992,169 shares of the company’s stock worth $137,101,000 after purchasing an additional 100,000 shares in the last quarter. Jennison Associates LLC boosted its holdings in Intapp by 9.7% in the 1st quarter. Jennison Associates LLC now owns 2,008,826 shares of the company’s stock valued at $51,607,000 after purchasing an additional 177,201 shares during the period. Wellington Management Group LLP boosted its holdings in Intapp by 143.7% in the 3rd 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 period. Finally, Praesidium Investment Management Company LLC grew its position in shares of Intapp by 5.7% during the 4th quarter. Praesidium Investment Management Company LLC now owns 1,841,850 shares of the company’s stock worth $84,394,000 after purchasing an additional 98,767 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

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.