Intapp (NASDAQ:INTA) Hits New 12-Month Low – Here’s What Happened

Intapp, Inc. (NASDAQ:INTA)’s share price reached 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on INTA shares. Barclays increased their price target on Intapp from $20.00 to $25.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. decreased their price target on Intapp from $58.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Wall Street Zen raised Intapp from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Truist Financial set a $35.00 target price on Intapp in a research note on Wednesday, February 4th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a research note on Thursday, February 26th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.57.

Intapp Stock Up 8.0%

The firm has a 50 day moving average of $22.87 and a 200 day moving average of $31.54. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of -48.47 and a beta of 0.49.

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 business had revenue of $146.04 million during the quarter, compared to analysts’ expectations of $144.32 million. During the same quarter last year, the firm 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. Equities analysts expect that Intapp, Inc. will post -0.05 EPS for the current year.

Intapp announced that its board has approved a stock repurchase program on Tuesday, February 3rd that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to reacquire up to 7.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Intapp

A number of hedge funds have recently added to or reduced their stakes in the company. Natixis Advisors LLC increased its position in Intapp by 2.2% in the third quarter. Natixis Advisors LLC now owns 11,603 shares of the company’s stock worth $475,000 after buying an additional 250 shares during the last quarter. Diversified Trust Co. increased its position in Intapp by 3.2% in the fourth quarter. Diversified Trust Co. now owns 8,653 shares of the company’s stock worth $396,000 after buying an additional 269 shares during the last quarter. Sowell Financial Services LLC increased its position in Intapp by 4.9% in the fourth quarter. Sowell Financial Services LLC now owns 6,797 shares of the company’s stock worth $311,000 after buying an additional 320 shares during the last quarter. Caxton Associates LLP increased its position in Intapp by 6.9% in the second quarter. Caxton Associates LLP now owns 5,982 shares of the company’s stock worth $309,000 after buying an additional 388 shares during the last quarter. Finally, Assetmark Inc. increased its position in Intapp by 33.2% in the third quarter. Assetmark Inc. now owns 1,765 shares of the company’s stock worth $72,000 after buying an additional 440 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

About Intapp

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.