Intapp (NASDAQ:INTA) Shares Down 5.3% - What's Next?

Key Points

• Intapp shares fell 5.3% to $44.64, with trading volume 73% below the average session volume.
• Analyst sentiment remains mixed: the stock has a consensus “Hold” rating and a $39.14 average price target, despite recent upgrades from UBS and others.
• Intapp’s latest quarterly results exceeded expectations, with EPS of $0.41 versus $0.36 expected and revenue of $152.53 million, up 13% year over year; insiders have sold approximately $6.1 million in shares over the past 90 days.

Intapp, Inc. (NASDAQ:INTA - Get Free Report)'s share price fell 5.3% on Tuesday. The stock traded as low as $45.46 and last traded at $44.64. Approximately 256,318 shares were traded during trading, a decline of 73% from the average session volume of 954,392 shares. The stock had previously closed at $47.15.

Wall Street Analyst Weigh In

INTA has been the subject of several analyst reports. Zacks Research upgraded Intapp from a "strong sell" rating to a "hold" rating in a research note on Friday, August 28th. UBS Group raised their price objective on shares of Intapp from $40.00 to $46.00 and gave the company a "buy" rating in a research report on Monday, September 21st. Wall Street Zen upgraded shares of Intapp from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Piper Sandler lifted their target price on shares of Intapp from $25.00 to $34.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Finally, Truist Financial upped their target price on shares of Intapp from $35.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $39.14.

Intapp Stock Performance

The stock has a fifty day moving average of $39.92 and a 200 day moving average of $30.28. The company has a market capitalization of $3.42 billion, a PE ratio of -86.21, a PEG ratio of 18.53 and a beta of 0.34.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.05. The business had revenue of $152.53 million during the quarter, compared to analyst estimates of $149.75 million. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.30%. The company's revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm posted $0.27 EPS. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. As a group, equities analysts predict that Intapp, Inc. will post 0.07 EPS for the current year.

Insider Activity at Intapp

In other news, CFO David Morton, Jr. sold 10,000 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $40.88, for a total transaction of $408,800.00. Following the completion of the transaction, the chief financial officer owned 120,074 shares in the company, valued at $4,908,625.12. This trade represents a 7.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John Hall sold 65,802 shares of Intapp stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $41.20, for a total value of $2,711,042.40. Following the completion of the sale, the chief executive officer directly owned 5,814,808 shares in the company, valued at $239,570,089.60. This trade represents a 1.12% decrease in their ownership of the stock. 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 worth $6,126,106 over the last 90 days. Company insiders own 11.87% of the company's stock.

Hedge Funds Weigh In On Intapp

Several institutional investors have recently added to or reduced their stakes in INTA. GK Wealth Management LLC bought a new position in shares of Intapp during the 3rd quarter valued at approximately $41,000. Allworth Financial LP bought a new stake in Intapp in the second quarter worth $33,000. Harbor Investment Advisory LLC purchased a new stake in Intapp during the second quarter valued at $36,000. Sterling Capital Management LLC raised its stake in Intapp by 800.5% during the third quarter. Sterling Capital Management LLC now owns 1,774 shares of the company's stock valued at $64,000 after purchasing an additional 1,577 shares in the last quarter. Finally, Optiver Holding B.V. lifted its position in Intapp by 2,232.1% during the first quarter. Optiver Holding B.V. now owns 1,819 shares of the company's stock valued at $47,000 after purchasing an additional 1,741 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

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.

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