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

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wall Street Zen raised shares of Intapp from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Stifel Nicolaus decreased their price objective on shares of Intapp from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Citigroup upped their price objective on shares of Intapp from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. UBS Group decreased their price objective on shares of Intapp from $54.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. decreased their price objective 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. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Intapp has an average rating of “Hold” and an average price target of $34.57.

Intapp Trading Down 3.0%

The company’s 50 day moving average is $22.72 and its 200-day moving average is $30.45. The company has a market capitalization of $1.78 billion, a P/E ratio of -50.25 and a beta of 0.49.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The company 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%. Intapp’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the business 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. Analysts predict that Intapp, Inc. will post -0.05 EPS for the current fiscal year.

Institutional Trading of Intapp

A number of institutional investors and hedge funds have recently bought and sold shares of INTA. Strive Financial Group LLC bought a new stake in Intapp during the 4th quarter valued at about $28,000. First Horizon Corp bought a new stake in shares of Intapp in the fourth quarter worth approximately $44,000. Optiver Holding B.V. grew its stake in shares of Intapp by 2,232.1% in the first quarter. Optiver Holding B.V. now owns 1,819 shares of the company’s stock worth $47,000 after acquiring an additional 1,741 shares during the period. Federation des caisses Desjardins du Quebec grew its stake 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 acquiring an additional 950 shares during the period. Finally, Advisory Services Network LLC bought a new stake in shares of Intapp in the third quarter worth approximately $66,000. 89.96% of the stock is currently 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.