Intapp (NASDAQ:INTA) Stock Price Down 4.9% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Intapp from $58.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Citigroup increased their price target on shares of Intapp from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Piper Sandler lowered their price target on shares of Intapp from $33.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, February 26th. Barclays lifted their price target on shares of Intapp from $20.00 to $25.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Finally, Oppenheimer reissued a “market perform” rating on shares of Intapp in a report on Thursday, February 26th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $34.57.

Intapp Price Performance

The firm has a market cap of $1.78 billion, a P/E ratio of -50.25 and a beta of 0.49. The stock’s 50-day simple moving average is $22.72 and its two-hundred day simple moving average is $30.45.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $144.32 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. The business’s 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, sell-side analysts expect that Intapp, Inc. will post -0.05 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of INTA. AQR Capital Management LLC increased its position in Intapp by 60.9% during the first quarter. AQR Capital Management LLC now owns 30,969 shares of the company’s stock valued at $1,808,000 after acquiring an additional 11,719 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Intapp by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,737 shares of the company’s stock worth $1,853,000 after purchasing an additional 1,379 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Intapp by 2.3% in the first quarter. Goldman Sachs Group Inc. now owns 279,511 shares of the company’s stock worth $16,318,000 after purchasing an additional 6,210 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Intapp by 208.0% in the second quarter. Russell Investments Group Ltd. now owns 1,848 shares of the company’s stock worth $95,000 after purchasing an additional 1,248 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Intapp in the second quarter worth about $693,000. Institutional investors 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.