Intapp (NASDAQ:INTA) Reaches New 12-Month Low – Time to Sell?

Intapp, Inc. (NASDAQ:INTA)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $19.10 and last traded at $19.0620, with a volume of 358419 shares trading hands. The stock had previously closed at $19.83.

Analyst Ratings Changes

Several research firms recently issued reports on INTA. Oppenheimer reissued a “market perform” rating on shares of Intapp in a research note on Thursday, February 26th. Stifel Nicolaus cut their price objective on Intapp from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Citigroup boosted their target price on Intapp from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Truist Financial set a $35.00 price target on Intapp in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. cut their price target on shares of Intapp from $58.00 to $47.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Intapp has a consensus rating of “Hold” and an average target price of $34.57.

Intapp Stock Down 3.2%

The company’s fifty day simple moving average is $23.09 and its 200 day simple moving average is $31.80. The firm has a market capitalization of $1.48 billion, a PE ratio of -41.71 and a beta of 0.49.

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

Intapp declared that its board has initiated a share repurchase program on Tuesday, February 3rd that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to reacquire up to 7.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Institutional Trading of Intapp

A number of hedge funds have recently modified their holdings of INTA. AQR Capital Management LLC grew its position in shares of Intapp by 60.9% in the 1st quarter. AQR Capital Management LLC now owns 30,969 shares of the company’s stock worth $1,808,000 after buying an additional 11,719 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Intapp by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,737 shares of the company’s stock valued at $1,853,000 after acquiring an additional 1,379 shares during the period. Goldman Sachs Group Inc. boosted its stake in Intapp by 2.3% during the first quarter. Goldman Sachs Group Inc. now owns 279,511 shares of the company’s stock worth $16,318,000 after acquiring an additional 6,210 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Intapp by 208.0% during the second quarter. Russell Investments Group Ltd. now owns 1,848 shares of the company’s stock worth $95,000 after acquiring an additional 1,248 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Intapp in the second quarter worth about $693,000. 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.