Intapp (NASDAQ:INTA) Shares Gap Down – Time to Sell?

Intapp, Inc. (NASDAQ:INTA)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $29.16, but opened at $28.06. Intapp shares last traded at $28.3390, with a volume of 118,096 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Intapp in a research report on Friday, June 5th. Citigroup raised their price objective 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. JPMorgan Chase & Co. reduced their price objective on shares of 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 downgraded shares of Intapp from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, UBS Group reduced their price target on shares of Intapp from $54.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $34.57.

Intapp Price Performance

The firm has a 50-day simple moving average of $24.25 and a 200-day simple moving average of $26.47. The firm has a market capitalization of $2.01 billion, a PE ratio of -56.67, a PEG ratio of 3.11 and a beta of 0.47.

Intapp (NASDAQ:INTA) last released its quarterly 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. The firm had revenue of $146.04 million during the quarter, compared to analyst estimates of $144.32 million. Intapp had a negative net margin of 6.48% and a negative return on equity of 2.28%. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 EPS. 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 earnings per share for the current year.

Insider Buying and Selling at Intapp

In other news, insider Michele Murgel sold 14,591 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $25.02, for a total transaction of $365,066.82. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intapp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strive Financial Group LLC bought a new position in shares of Intapp in the fourth quarter worth about $28,000. Harbor Investment Advisory LLC bought a new stake in Intapp during the 2nd quarter worth approximately $36,000. First Horizon Corp bought a new stake in Intapp during the 4th quarter worth approximately $44,000. Optiver Holding B.V. lifted its holdings in Intapp by 2,232.1% during 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 in the last quarter. Finally, Federation des caisses Desjardins du Quebec boosted its position in shares of Intapp by 913.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company’s stock worth $48,000 after purchasing an additional 950 shares during the period. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

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.