Intapp (NASDAQ:INTA) Shares 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 $19.55 and last traded at $19.9340. Approximately 39,438 shares traded hands during trading, a decline of 97% from the average daily volume of 1,156,682 shares. The stock had previously closed at $20.96.

Wall Street Analyst Weigh In

INTA has been the subject of a number of research analyst reports. Barclays lifted their price objective on shares of Intapp from $20.00 to $25.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Citigroup lifted their price objective 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. Wall Street Zen raised shares of Intapp from a “hold” rating to a “buy” rating in a research report on Sunday. Piper Sandler reduced their price objective on shares of Intapp from $33.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, February 26th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a research report on Thursday, February 26th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $34.57.

Intapp Stock Down 3.2%

The company has a market cap of $1.56 billion, a price-to-earnings ratio of -44.09 and a beta of 0.49. The stock has a fifty day moving average price of $23.50 and a two-hundred day moving average price of $32.31.

Intapp (NASDAQ:INTA) last posted its earnings results on Tuesday, May 5th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Intapp had a negative return on equity of 2.28% and a negative net margin of 6.48%.The company had revenue of $146.04 million during the quarter, compared to the consensus estimate of $144.32 million. During the same quarter last year, the firm earned $0.26 earnings per share. The company’s revenue was up 13.1% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Intapp declared that its board has approved a share buyback plan on Tuesday, February 3rd that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to buy up to 7.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its stake in Intapp by 2.3% in the first quarter. Bank of America Corp DE now owns 595,750 shares of the company’s stock valued at $15,305,000 after purchasing an additional 13,179 shares in the last quarter. Amundi raised its stake in Intapp by 14.5% in the first quarter. Amundi now owns 26,047 shares of the company’s stock valued at $669,000 after purchasing an additional 3,305 shares in the last quarter. California State Teachers Retirement System raised its stake in Intapp by 41.7% in the first quarter. California State Teachers Retirement System now owns 76,354 shares of the company’s stock valued at $1,962,000 after purchasing an additional 22,478 shares in the last quarter. Lazard Asset Management LLC raised its stake in Intapp by 100.1% in the first quarter. Lazard Asset Management LLC now owns 89,968 shares of the company’s stock valued at $2,311,000 after purchasing an additional 45,006 shares in the last quarter. Finally, Alamar Capital Management LLC acquired a new position in Intapp in the first quarter valued at about $2,312,000. Institutional investors and hedge funds 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.