Intapp (NASDAQ:INTA) Shares Gap Down – Here’s What Happened

Shares of Intapp, Inc. (NASDAQ:INTA) gapped down prior to trading on Wednesday. The stock had previously closed at $42.95, but opened at $39.68. Intapp shares last traded at $40.8210, with a volume of 210,142 shares trading hands.

Intapp News Roundup

Here are the key news stories impacting Intapp this week:

• Positive Sentiment: Intapp reported fiscal Q1 2027 adjusted EPS of $0.44, exceeding the $0.40 consensus estimate, while revenue of $161.26 million surpassed expectations of $159.63 million and increased 16% year over year. Intapp Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Management said demand for Celeste is accelerating, although implementation capacity has not kept pace. The resulting deployment backlog could support future revenue as Intapp hires additional engineers. Intapp: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Intapp outlined fiscal 2027 non-GAAP EPS guidance of $1.64 to $1.68. The company is also positioning Intapp Walls for AI as a required security and compliance layer for third-party AI tools used by major law firms, potentially strengthening its competitive moat. Intapp Outlines Fiscal 2027 EPS Guidance
• Neutral Sentiment: Analysts and investors remain divided over the outlook: partnerships, including Microsoft relationships, and Celeste adoption support the long-term thesis, while the current valuation leaves the stock sensitive to guidance changes. Intapp: Misunderstood Quarter
• Negative Sentiment: The main reason for the decline was weaker-than-expected fiscal Q2 guidance. Investors appear concerned that deployment capacity, hiring needs and the timing of Celeste-related revenue could weigh on near-term growth, overshadowing the quarterly beat. Intapp Shares Tumble on Weak Second-Quarter Guidance

Analysts Set New Price Targets

INTA has been the topic of a number of analyst reports. Oppenheimer reiterated a “market perform” rating on shares of Intapp in a research report on Wednesday. Citigroup restated a “neutral” rating on shares of Intapp in a research report on Wednesday. Wall Street Zen upgraded shares of Intapp from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Truist Financial lifted their target price on shares of Intapp from $35.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Barclays boosted their price target on shares of Intapp from $29.00 to $38.00 and gave the stock an “underweight” rating in a research note on Monday, October 12th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Intapp currently has a consensus rating of “Hold” and an average price target of $39.14.

Intapp Stock Down 5.4%

The company has a market cap of $3.12 billion, a price-to-earnings ratio of -77.73 and a beta of 0.34. The company has a fifty day simple moving average of $40.01 and a two-hundred day simple moving average of $30.26.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, October 27th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $161.26 million for the quarter, compared to analysts’ expectations of $159.63 million. During the same period in the previous year, the business posted $0.24 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis. On average, research analysts predict that Intapp, Inc. will post 0.07 EPS for the current year.

Insider Activity

In related news, insider Thad Jampol sold 4,800 shares of Intapp stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $40.39, for a total value of $193,872.00. Following the transaction, the insider owned 928,585 shares in the company, valued at approximately $37,505,548.15. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Harrison sold 40,284 shares of the business’s stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $45.26, for a total value of $1,823,253.84. Following the sale, the insider owned 15,599 shares of the company’s stock, valued at $706,010.74. The trade was a 72.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 146,184 shares of company stock valued at $6,126,106 in the last ninety days. Company insiders own 11.87% of the company’s stock.

Institutional Inflows and Outflows

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

Intapp Company Profile

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.