Intapp (NASDAQ:INTA) Shares Down 5.3% – Should You Sell?

Intapp, Inc. (NASDAQ:INTA) fell 5.3% during mid-day trading on Tuesday. The stock traded as low as $45.46 and last traded at $44.64. 256,318 shares traded hands during trading, a decline of 73% from the average session volume of 954,392 shares. The stock had previously closed at $47.15.

Analyst Upgrades and Downgrades

INTA has been the subject of several recent research reports. Wall Street Zen upgraded Intapp from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Intapp in a research report on Wednesday, September 2nd. Zacks Research raised Intapp from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Barclays lifted their target price on Intapp from $29.00 to $38.00 and gave the stock an “underweight” rating in a report on Monday, October 12th. Finally, Piper Sandler boosted their target price on Intapp from $25.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.14.

Intapp Stock Down 5.3%

The company’s 50 day simple moving average is $39.92 and its 200-day simple moving average is $30.28. The firm has a market cap of $3.42 billion, a P/E ratio of -86.21, a P/E/G ratio of 18.53 and a beta of 0.34.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, August 4th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The firm had revenue of $152.53 million for the quarter, compared to analysts’ expectations of $149.75 million. Intapp had a negative return on equity of 3.30% and a negative net margin of 7.15%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. Equities research analysts predict that Intapp, Inc. will post 0.07 EPS for the current year.

Insiders Place Their Bets

In other Intapp news, CEO John T. Hall sold 65,802 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $41.20, for a total value of $2,711,042.40. Following the sale, the chief executive officer owned 5,814,808 shares in the company, valued at $239,570,089.60. This trade represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David H. Morton, Jr. sold 10,000 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $40.88, for a total value of $408,800.00. Following the completion of the sale, the chief financial officer owned 120,074 shares in the company, valued at approximately $4,908,625.12. The trade was a 7.69% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 146,184 shares of company stock worth $6,126,106 in the last 90 days. 11.87% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in INTA. BlackRock Inc. bought a new stake in Intapp during the 2nd quarter valued at about $133,660,000. Bamco Inc. NY bought a new position in Intapp in the 2nd quarter worth about $50,184,000. Praesidium Investment Management Company LLC bought a new position in Intapp in the 2nd quarter worth about $19,761,311. TimesSquare Capital Management LLC bought a new position in Intapp in the 2nd quarter worth about $12,650,000. Finally, Bank of America Corp DE purchased a new position in shares of Intapp during the second quarter worth approximately $12,344,000. 89.96% of the stock is currently owned by institutional investors.

About Intapp

Intapp, Inc develops cloud-based software for professional and financial services firms. Its platform is designed to help organizations manage client and relationship data, business development, risk and compliance processes, collaboration, time tracking, billing, and operational workflows.

The company’s product portfolio includes solutions for relationship management and deal management, professional-services time and billing, conflicts and compliance, document and information management, secure collaboration, and workflow automation.