Intapp (NASDAQ:INTA) Shares Down 7.8% – Should You Sell?

Intapp, Inc. (NASDAQ:INTA)’s share price traded down 7.8% on Wednesday . The stock traded as low as $21.06 and last traded at $20.9950. 657,149 shares were traded during mid-day trading, a decline of 42% from the average session volume of 1,142,799 shares. The stock had previously closed at $22.77.

Analyst Ratings Changes

A number of research analysts have commented on INTA shares. Oppenheimer restated a “market perform” rating on shares of Intapp in a research note on Thursday, February 26th. Barclays boosted their price objective on Intapp from $20.00 to $25.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Stifel Nicolaus decreased their target price on Intapp from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. UBS Group lowered their target price on Intapp from $54.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Finally, Truist Financial set a $35.00 target price on Intapp in a research report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $34.57.

Intapp Stock Down 5.6%

The firm has a market cap of $1.66 billion, a PE ratio of -46.72, a price-to-earnings-growth ratio of 85.07 and a beta of 0.49. The business has a 50-day moving average price of $24.18 and a two-hundred day moving average price of $33.09.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, May 5th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. Intapp had a negative return on equity of 2.28% and a negative net margin of 6.48%.The firm had revenue of $146.04 million during the quarter, compared to analysts’ expectations of $144.32 million. During the same period in the previous year, the firm posted $0.26 EPS. 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. On average, equities research analysts predict that Intapp, Inc. will post 0.01 earnings per share for the current fiscal year.

Intapp announced that its Board of Directors has initiated a share buyback program on Tuesday, February 3rd that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to purchase up to 7.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Intapp

Institutional investors have recently added to or reduced their stakes in the business. Strive Financial Group LLC acquired a new stake in Intapp during the fourth quarter worth approximately $28,000. First Horizon Corp acquired a new stake in Intapp during the 4th quarter worth $44,000. Federation des caisses Desjardins du Quebec lifted its position in Intapp by 913.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company’s stock valued at $48,000 after acquiring an additional 950 shares during the last quarter. State of Wyoming boosted its stake in Intapp by 75.7% in the fourth quarter. State of Wyoming now owns 1,597 shares of the company’s stock valued at $73,000 after acquiring an additional 688 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Intapp by 77.8% during the third quarter. CWM LLC now owns 1,604 shares of the company’s stock worth $66,000 after purchasing an additional 702 shares during the last quarter. Hedge funds and other institutional investors 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.