Intapp (NASDAQ:INTA) Trading Down 5.3% – Here’s What Happened

Intapp, Inc. (NASDAQ:INTA)’s share price dropped 5.3% during mid-day trading on Tuesday . The stock traded as low as $25.24 and last traded at $25.4250. Approximately 576,334 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 1,441,714 shares. The stock had previously closed at $26.86.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Piper Sandler cut 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. Truist Financial set a $35.00 price objective on shares of Intapp in a report on Wednesday, February 4th. Citigroup cut their target price on Intapp from $49.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Barclays reduced their target price on Intapp from $46.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, February 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Intapp in a research note on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $39.71.

Intapp Stock Performance

The stock has a market capitalization of $2.06 billion, a P/E ratio of -85.47, a PEG ratio of 121.82 and a beta of 0.74. The firm has a fifty day moving average price of $32.29 and a two-hundred day moving average price of $38.81.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. Intapp had a negative return on equity of 0.62% and a negative net margin of 4.37%.The company had revenue of $140.21 million during the quarter, compared to analyst estimates of $138.20 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. Intapp’s revenue was up 15.7% compared to the same quarter last year. Intapp has set its FY 2026 guidance at 1.200-1.240 EPS and its Q3 2026 guidance at 0.270-0.290 EPS. On average, research analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Intapp announced that its board has approved a stock buyback plan on Tuesday, February 3rd that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to buy up to 7.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Intapp

In related news, CEO John T. Hall sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $47.48, for a total value of $379,840.00. Following the transaction, the chief executive officer owned 5,711,668 shares of the company’s stock, valued at approximately $271,189,996.64. This trade represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 11.21% of the stock is owned by company insiders.

Institutional Trading of Intapp

Several hedge funds have recently bought and sold shares of INTA. Strive Financial Group LLC purchased a new stake in Intapp in the fourth quarter worth about $28,000. First Horizon Corp bought a new stake in shares of Intapp during the 4th quarter valued at $44,000. Federation des caisses Desjardins du Quebec lifted its stake in shares of Intapp by 913.5% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company’s stock valued at $48,000 after buying an additional 950 shares in the last quarter. Blue Trust Inc. boosted its holdings in Intapp by 27.9% in the 3rd quarter. Blue Trust Inc. now owns 1,421 shares of the company’s stock worth $58,000 after buying an additional 310 shares during the period. Finally, CWM LLC increased its stake in Intapp by 77.8% in the 3rd quarter. CWM LLC now owns 1,604 shares of the company’s stock worth $66,000 after buying an additional 702 shares in the last quarter. 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.