Why Is INTAPP INC (INTA) Stock Down Today?

Intapp shares fell 8.91% to $42.95, a move driven by a mixed reaction to its first quarter fiscal year 2027 results. Although the company reported earnings and revenue that exceeded estimates, the stock declined as the market weighed the guidance provided for the remainder of the fiscal year.

What Happened

Intapp announced that its non-GAAP EPS of $0.44 beat estimates by $0.04, while revenue of $161.2 million surpassed expectations by $1.57 million. The company highlighted strong growth in cloud annual recurring revenue, which rose 28%, and reported a net retention rate of 123%. The results were disclosed via an 8-K filing with the SEC.

Despite the beat, Intapp raised its full-year fiscal 2027 adjusted EPS guidance from a range of $1.58 to $1.62 to a new range of $1.64 to $1.68. It also increased its sales guidance from $656.5 million to $660.5 million to a range of $658.2 million to $662.2 million. For the second quarter, the company projected adjusted EPS of $0.37 to $0.39, which is below the $0.40 estimate, and sales of $158.8 million to $159.8 million, also below the $160.8 million estimate.

What The Data Shows

The stock opened at $46.63, a 1.1% gap down from the prior close of $47.15. The session high was $46.74 at 9:40 AM ET, while the session low reached $35.70 at 4:05 PM ET. Volume totaled 0.9 million shares, which is 1.2 times the three-month daily average. The company has a market capitalization of $3.7 billion and is currently unprofitable on a trailing twelve-month basis with an EPS of $0.52. Revenue grew 14.6% over the same period, and the net margin stands at 7.1%. The stock has a beta of 0.33 and a 52-week range of $19.01 to $48.19.

Recent insider activity shows 21 sells totaling $14.1 million in the last 90 days, with no buys recorded. CEO John T. Hall sold shares on October 19 and October 12, and President David Benjamin Harrison sold on October 20. On October 27, the stock printed one fresh 52-week high and 32 fresh 52-week lows.

What To Watch

Investors will monitor the company's next scheduled earnings release to see if the adjusted EPS and sales guidance for the second quarter align with the current market expectations.