Intapp (NASDAQ:INTA) Stock Price Down 6.8% – Here’s What Happened

Intapp, Inc. (NASDAQ:INTA)’s stock price traded down 6.8% on Wednesday . The stock traded as low as $26.41 and last traded at $26.1840. 53,270 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 1,098,891 shares. The stock had previously closed at $28.10.

Analyst Upgrades and Downgrades

INTA has been the subject of several analyst reports. Citigroup increased their price target on shares of Intapp from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Zacks Research raised shares of Intapp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 1st. Wall Street Zen lowered Intapp from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group cut their target price on Intapp from $54.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Intapp in a research report on Friday, June 5th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Intapp presently has an average rating of “Hold” and a consensus target price of $34.57.

Intapp Price Performance

The company has a market cap of $2.03 billion, a PE ratio of -57.39, a price-to-earnings-growth ratio of 3.23 and a beta of 0.47. The company’s 50 day simple moving average is $24.16 and its two-hundred day simple moving average is $26.61.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Intapp had a negative net margin of 6.48% and a negative return on equity of 2.28%. The business had revenue of $146.04 million during the quarter, compared to analysts’ expectations of $144.32 million. During the same period last year, the business earned $0.26 earnings per share. The business’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. Sell-side analysts expect that Intapp, Inc. will post -0.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other Intapp news, insider Michele Murgel sold 14,591 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $25.02, for a total value of $365,066.82. Following the sale, the insider owned 233,632 shares of the company’s stock, valued at $5,845,472.64. The trade was a 5.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.21% of the company’s stock.

Institutional Investors Weigh In On Intapp

Institutional investors have recently modified their holdings of the company. Handelsbanken Fonder AB raised its holdings in shares of Intapp by 4.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 23,200 shares of the company’s stock valued at $585,000 after buying an additional 900 shares during the period. Thrive Wealth Management LLC acquired a new position in Intapp in the 2nd quarter valued at about $243,000. Harbor Investment Advisory LLC purchased a new stake in Intapp during the second quarter worth about $36,000. AMS Capital Ltda increased its stake in Intapp by 83.6% during the first quarter. AMS Capital Ltda now owns 324,186 shares of the company’s stock worth $8,328,000 after purchasing an additional 147,567 shares during the period. Finally, Optiver Holding B.V. lifted its position in shares of Intapp by 2,232.1% during the first quarter. Optiver Holding B.V. now owns 1,819 shares of the company’s stock worth $47,000 after purchasing an additional 1,741 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

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.