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

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on INTA shares. Truist Financial set a $35.00 price target on Intapp in a research note on Wednesday, February 4th. Wall Street Zen raised Intapp from a “hold” rating to a “buy” rating in a research note on Sunday. Zacks Research downgraded Intapp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Oppenheimer reissued a “market perform” rating on shares of Intapp in a research note on Thursday, February 26th. Finally, Piper Sandler lowered their target price on Intapp from $33.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, February 26th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $34.57.

Intapp Price Performance

The company has a fifty day moving average price of $23.50 and a two-hundred day moving average price of $32.31. The company has a market capitalization of $1.56 billion, a P/E ratio of -44.09 and a beta of 0.49.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, May 5th. The company reported $0.29 EPS for the quarter, beating 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 business 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 business posted $0.26 earnings per share. The firm’s revenue 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, sell-side analysts forecast that Intapp, Inc. will post -0.05 earnings per share for the current year.

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

Institutional Trading of Intapp

Institutional investors have recently added to or reduced their stakes in the stock. Strive Financial Group LLC bought a new position in shares of Intapp during the 4th quarter worth approximately $28,000. First Horizon Corp bought a new position in shares of Intapp during the 4th quarter worth approximately $44,000. Federation des caisses Desjardins du Quebec boosted its holdings in shares of Intapp by 913.5% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company’s stock worth $48,000 after buying an additional 950 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Intapp during the 3rd quarter worth approximately $66,000. Finally, Assetmark Inc. boosted its holdings in shares of Intapp by 33.2% during the 3rd quarter. Assetmark Inc. now owns 1,765 shares of the company’s stock worth $72,000 after buying an additional 440 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.