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

Intapp, Inc. (NASDAQ:INTA) shares gapped down prior to trading on Tuesday . The stock had previously closed at $29.16, but opened at $28.06. Intapp shares last traded at $28.3390, with a volume of 118,096 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Intapp from a “buy” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. decreased their price target on Intapp from $58.00 to $47.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Intapp in a report on Friday, June 5th. Zacks Research raised Intapp from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 1st. Finally, Barclays boosted their price target on Intapp from $20.00 to $25.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Intapp presently has an average rating of “Hold” and an average price target of $34.57.

Intapp Price Performance

The firm has a 50-day simple moving average of $24.05 and a two-hundred day simple moving average of $26.74. The company has a market cap of $2.13 billion, a PE ratio of -60.27, a P/E/G ratio of 3.22 and a beta of 0.47.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $146.04 million for the quarter, compared to the consensus estimate of $144.32 million. Intapp had a negative return on equity of 2.28% and a negative net margin of 6.48%.The business’s revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the business 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. Equities research analysts forecast that Intapp, Inc. will post -0.05 EPS for the current year.

Insider Transactions at Intapp

In other Intapp news, insider Michele Murgel sold 14,591 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $25.02, for a total transaction of $365,066.82. Following the sale, the insider directly owned 233,632 shares of the company’s stock, valued at $5,845,472.64. This trade represents a 5.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.21% of the company’s stock.

Hedge Funds Weigh In On Intapp

Several institutional investors and hedge funds have recently modified their holdings of INTA. AQR Capital Management LLC boosted its position in Intapp by 60.9% during the first quarter. AQR Capital Management LLC now owns 30,969 shares of the company’s stock worth $1,808,000 after acquiring an additional 11,719 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Intapp by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,737 shares of the company’s stock valued at $1,853,000 after acquiring an additional 1,379 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Intapp by 2.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,511 shares of the company’s stock worth $16,318,000 after purchasing an additional 6,210 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Intapp by 208.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,848 shares of the company’s stock worth $95,000 after purchasing an additional 1,248 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Intapp during the second quarter worth $693,000. Hedge funds and other institutional investors 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.