Intapp, Inc. (NASDAQ:INTA – Get Free Report)’s stock price dropped 7.8% during mid-day trading on Wednesday . The company traded as low as $21.06 and last traded at $20.9950. Approximately 657,149 shares traded hands during trading, a decline of 42% from the average daily volume of 1,142,799 shares. The stock had previously closed at $22.77.
Analyst Upgrades and Downgrades
INTA has been the topic of a number of recent research reports. Stifel Nicolaus cut their target price on shares of Intapp from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Piper Sandler reduced their target price on shares of Intapp from $33.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, February 26th. Barclays raised their price target on Intapp from $20.00 to $25.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a research report on Thursday, February 26th. Finally, Zacks Research lowered Intapp from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Intapp currently has an average rating of “Hold” and an average target price of $34.57.
View Our Latest Stock Report on INTA
Intapp Stock Performance
Intapp (NASDAQ:INTA – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Intapp had a negative net margin of 6.48% and a negative return on equity of 2.28%. The firm had revenue of $146.04 million during the quarter, compared to analysts’ expectations of $144.32 million. During the same quarter last year, the business earned $0.26 earnings per share. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. Intapp has set its Q4 2026 guidance at 0.360-0.380 EPS and its FY 2026 guidance at 1.220-1.240 EPS. As a group, equities analysts anticipate that Intapp, Inc. will post 0.01 earnings per share for the current year.
Intapp declared that its Board of Directors has authorized a share repurchase program on Tuesday, February 3rd that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to buy up to 7.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
Hedge Funds Weigh In On Intapp
Large investors have recently bought and sold shares of the stock. Brown Capital Management LLC acquired a new stake in Intapp during the third quarter worth about $8,741,000. GW&K Investment Management LLC raised its holdings in Intapp by 12.8% in the third quarter. GW&K Investment Management LLC now owns 1,097,150 shares of the company’s stock valued at $44,874,000 after buying an additional 124,559 shares during the period. Capital World Investors lifted its position in Intapp by 13.5% during the third quarter. Capital World Investors now owns 2,892,169 shares of the company’s stock valued at $118,290,000 after buying an additional 343,914 shares in the last quarter. Tudor Investment Corp ET AL grew its stake in Intapp by 737.0% during the third quarter. Tudor Investment Corp ET AL now owns 108,321 shares of the company’s stock worth $4,430,000 after buying an additional 95,380 shares during the period. Finally, AMS Capital Ltda acquired a new stake in shares of Intapp in the fourth quarter worth $8,093,000. 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.
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