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

Intapp, Inc. (NASDAQ:INTA)’s stock price fell 4.9% during mid-day trading on Thursday . The stock traded as low as $22.71 and last traded at $22.6720. 414,062 shares changed hands during trading, a decline of 64% from the average session volume of 1,160,210 shares. The stock had previously closed at $23.83.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on INTA shares. Oppenheimer reissued a “market perform” rating on shares of Intapp in a research report on Thursday, February 26th. Barclays upped their price target on Intapp from $20.00 to $25.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Citigroup raised their price objective on shares of Intapp from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Piper Sandler reduced 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. Finally, Wall Street Zen cut shares of Intapp from a “buy” rating to a “hold” rating in a report on Saturday. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Intapp currently has a consensus rating of “Hold” and a consensus price target of $34.57.

Intapp Trading Up 3.0%

The firm has a market capitalization of $1.84 billion, a PE ratio of -51.96 and a beta of 0.49. The company has a fifty day moving average price of $22.65 and a two-hundred day moving average price of $30.28.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $144.32 million. During the same quarter last year, the business posted $0.26 EPS. The firm’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. As a group, equities research analysts predict that Intapp, Inc. will post -0.05 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. increased its stake in Intapp by 2,232.1% in the first quarter. Optiver Holding B.V. now owns 1,819 shares of the company’s stock valued at $47,000 after purchasing an additional 1,741 shares during the period. Bank of America Corp DE grew its holdings in shares of Intapp by 2.3% during the first quarter. Bank of America Corp DE now owns 595,750 shares of the company’s stock worth $15,305,000 after buying an additional 13,179 shares during the last quarter. Amundi increased its position in Intapp by 14.5% in the 1st quarter. Amundi now owns 26,047 shares of the company’s stock valued at $669,000 after acquiring an additional 3,305 shares during the period. California State Teachers Retirement System increased its position in Intapp by 41.7% in the 1st quarter. California State Teachers Retirement System now owns 76,354 shares of the company’s stock valued at $1,962,000 after acquiring an additional 22,478 shares during the period. Finally, Lazard Asset Management LLC raised its stake in Intapp by 100.1% during the 1st quarter. Lazard Asset Management LLC now owns 89,968 shares of the company’s stock valued at $2,311,000 after acquiring an additional 45,006 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other 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.