Intapp (NASDAQ:INTA) Sets New 1-Year Low Following Analyst Downgrade

Intapp, Inc. (NASDAQ:INTA)’s share price hit a new 52-week low on Wednesday after Citigroup lowered their price target on the stock from $49.00 to $36.00. Citigroup currently has a neutral rating on the stock. Intapp traded as low as $28.78 and last traded at $29.31, with a volume of 4277023 shares traded. The stock had previously closed at $33.64.

Several other analysts have also recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Intapp from $70.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday. Wall Street Zen upgraded Intapp from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Piper Sandler dropped their price objective on shares of Intapp from $42.00 to $33.00 and set a “neutral” rating for the company in a research note on Wednesday. Stifel Nicolaus cut their price objective on shares of Intapp from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, UBS Group set a $54.00 target price on shares of Intapp in a report on Wednesday. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $41.57.

Insider Buying and Selling

In other Intapp news, CEO John T. Hall sold 8,000 shares of the company’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of $47.48, for a total value of $379,840.00. Following the completion of the sale, the chief executive officer directly owned 5,711,668 shares in the company, valued at approximately $271,189,996.64. This represents a 0.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David H. Morton, Jr. sold 10,000 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $40.76, for a total value of $407,600.00. Following the transaction, the chief financial officer owned 43,765 shares in the company, valued at approximately $1,783,861.40. This represents a 18.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 48,243 shares of company stock valued at $2,070,785 in the last quarter. 11.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Intapp

Several large investors have recently modified their holdings of INTA. Wellington Management Group LLP raised its position in shares of Intapp by 143.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company’s stock valued at $77,365,000 after purchasing an additional 1,115,392 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Intapp during the 3rd quarter valued at approximately $45,349,000. Westfield Capital Management Co. LP purchased a new position in shares of Intapp in the second quarter worth $38,657,000. Norges Bank acquired a new stake in shares of Intapp during the second quarter worth $35,081,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Intapp by 90,094.4% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 533,951 shares of the company’s stock valued at $21,838,000 after buying an additional 533,359 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Intapp Trading Up 0.6%

The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of -79.73, a P/E/G ratio of 42.78 and a beta of 0.68. The firm has a 50-day moving average of $41.50 and a 200-day moving average of $41.38.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share for the quarter, beating 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 business had revenue of $140.21 million for the quarter, compared to the consensus estimate of $138.20 million. During the same quarter in the previous year, the business earned $0.21 EPS. The company’s quarterly revenue 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, equities research analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current year.

Intapp announced that its board has authorized a share buyback program on Tuesday, February 3rd that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to reacquire 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.

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.