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

Intapp, Inc. (NASDAQ:INTA) traded down 6.8% during trading 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 daily volume of 1,098,891 shares. The stock had previously closed at $28.10.

Analysts Set New Price Targets

Several brokerages have weighed in on INTA. Weiss Ratings reissued a “sell (e+)” rating on shares of Intapp in a research report on Friday, June 5th. Wall Street Zen cut shares of Intapp from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Citigroup boosted their price objective on shares of Intapp from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. dropped their target price on shares of Intapp from $58.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Finally, Barclays increased their target price on shares of Intapp from $20.00 to $25.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.57.

Intapp Stock Up 0.8%

The firm has a market cap of $2.02 billion, a P/E ratio of -57.11, a PEG ratio of 3.96 and a beta of 0.47. The firm’s fifty day moving average is $24.36 and its two-hundred day moving average is $26.35.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.29 earnings per share (EPS) 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 the consensus estimate of $144.32 million. During the same period in the previous year, the firm earned $0.26 EPS. The company’s quarterly 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 forecast that Intapp, Inc. will post -0.06 EPS for the current year.

Insider Activity

In related news, insider Michele Murgel sold 14,591 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $25.02, for a total value of $365,066.82. Following the completion of the transaction, the insider directly owned 233,632 shares of the company’s stock, valued at $5,845,472.64. This represents a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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.

Institutional Trading of Intapp

Several large investors have recently bought and sold shares of INTA. AQR Capital Management LLC raised its position in shares of Intapp by 60.9% in the 1st quarter. AQR Capital Management LLC now owns 30,969 shares of the company’s stock worth $1,808,000 after acquiring an additional 11,719 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Intapp by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,737 shares of the company’s stock valued at $1,853,000 after purchasing an additional 1,379 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in 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 period. Russell Investments Group Ltd. raised its holdings in 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 in the last quarter. Finally, Marshall Wace LLP bought a new position in Intapp in the second quarter worth $693,000. 89.96% of the stock is owned by 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.