Intapp (NASDAQ:INTA) Shares Down 6.6% - Time to Sell?

Key Points

• Shares fell 6.6% to $23.11 on Wednesday with volume of ~348,951 shares, about 72% below the average daily volume, signaling a sharp intraday move on light trading.
• Analyst sentiment has cooled: several firms cut price targets (e.g., Piper Sandler to $25, Citi to $36) and MarketBeat shows a consensus rating of "Hold" with a $39.71 target.
• Intapp beat the latest quarter (EPS $0.33 vs. $0.26 estimate; revenue $140.2M, +15.7% YoY) but still posts negative net margin and ROE, and its board authorized a $200M share repurchase (~7.3% of shares).

Shares of Intapp, Inc. (NASDAQ:INTA - Get Free Report) dropped 6.6% on Wednesday . The company traded as low as $23.17 and last traded at $23.1110. Approximately 348,951 shares traded hands during trading, a decline of 72% from the average daily volume of 1,253,558 shares. The stock had previously closed at $24.75.

Analyst Ratings Changes

INTA has been the subject of a number of recent research reports. Piper Sandler dropped their target price on Intapp from $33.00 to $25.00 and set a "neutral" rating for the company in a research report on Thursday, February 26th. Wall Street Zen downgraded Intapp from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 3rd. Citigroup dropped their target price on Intapp from $49.00 to $36.00 and set a "neutral" rating for the company in a research report on Thursday, February 5th. Stifel Nicolaus dropped their price objective on Intapp from $40.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, February 26th. Finally, Truist Financial set a $35.00 price objective on Intapp in a report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Intapp has a consensus rating of "Hold" and a consensus target price of $39.71.

Intapp Stock Down 7.5%

The firm has a fifty day simple moving average of $25.42 and a 200-day simple moving average of $35.86. The company has a market capitalization of $1.84 billion, a P/E ratio of -76.24, a P/E/G ratio of 108.55 and a beta of 0.64.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share (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 the consensus estimate of $138.20 million. During the same period in the prior year, the company earned $0.21 earnings per share. The company's revenue for the quarter 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, sell-side analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Intapp announced that its Board of Directors has initiated a stock repurchase program on Tuesday, February 3rd that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to purchase up to 7.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Intapp

Several large investors have recently modified their holdings of the business. Brown Capital Management LLC acquired a new position in shares of Intapp during the third quarter worth about $8,741,000. GW&K Investment Management LLC boosted its position in shares of Intapp by 12.8% during the third quarter. GW&K Investment Management LLC now owns 1,097,150 shares of the company's stock worth $44,874,000 after buying an additional 124,559 shares during the period. Capital World Investors boosted its position in shares of Intapp by 13.5% during the third quarter. Capital World Investors now owns 2,892,169 shares of the company's stock worth $118,290,000 after buying an additional 343,914 shares during the period. AMS Capital Ltda acquired a new position in shares of Intapp during the fourth quarter worth about $8,093,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Intapp during the third quarter worth about $45,349,000. 89.96% of the stock is currently owned by institutional investors.

Intapp Company Profile

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.

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