Intapp (NASDAQ:INTA) Shares Gap Down – What’s Next?

Intapp, Inc. (NASDAQ:INTA) shares gapped down before the market opened on Tuesday . The stock had previously closed at $28.56, but opened at $26.93. Intapp shares last traded at $27.67, with a volume of 113,136 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Zacks Research raised Intapp from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. cut their price objective on Intapp from $58.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Barclays increased their target price on Intapp from $20.00 to $25.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Citigroup lifted their target price on Intapp from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Intapp in a research note on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.57.

Intapp Trading Down 2.4%

The firm’s 50-day moving average price is $23.57 and its two-hundred day moving average price is $27.39. The stock has a market cap of $2.15 billion, a PE ratio of -60.89, a PEG ratio of 3.11 and a beta of 0.47.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $146.04 million for the quarter, compared to the consensus estimate of $144.32 million. Intapp had a negative net margin of 6.48% and a negative return on equity of 2.28%. The company’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the firm earned $0.26 earnings per share. Intapp has set its Q4 2026 guidance at 0.360-0.380 EPS and its FY 2026 guidance at 1.220-1.240 EPS. On average, analysts anticipate that Intapp, Inc. will post -0.05 earnings per share for the current year.

Insider Activity

In related news, insider Michele Murgel sold 14,591 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $25.02, for a total transaction of $365,066.82. Following the completion of the transaction, the insider owned 233,632 shares in the company, valued at $5,845,472.64. The trade was a 5.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.21% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Intapp

Several institutional investors and hedge funds have recently bought and sold shares of the company. Handelsbanken Fonder AB increased its position in shares of Intapp by 4.0% during the second quarter. Handelsbanken Fonder AB now owns 23,200 shares of the company’s stock worth $585,000 after purchasing an additional 900 shares in the last quarter. Thrive Wealth Management LLC acquired a new stake in shares of Intapp in the 2nd quarter worth $243,000. Harbor Investment Advisory LLC acquired a new stake in shares of Intapp in the 2nd quarter worth $36,000. AMS Capital Ltda grew its stake in Intapp by 83.6% during the 1st quarter. AMS Capital Ltda now owns 324,186 shares of the company’s stock worth $8,328,000 after buying an additional 147,567 shares during the last quarter. Finally, Optiver Holding B.V. grew its stake in Intapp by 2,232.1% during the 1st quarter. Optiver Holding B.V. now owns 1,819 shares of the company’s stock worth $47,000 after buying an additional 1,741 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other 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.