Why Did Intapp Shares Plunge 15.58%? Insider Sales, Earnings Miss

Intapp, Inc. (NASDAQ:INTA) shares plummeted 15.58% in pre-market trading on April 7, 2025, marking a significant drop in the company's stock value.

Intapp, Inc. has recently seen a series of insider transactions, with Chief Product Officer Thad Jampol selling a substantial number of shares. On April 2nd, Jampol sold 112,928 shares at an average price of $59.27, reducing his ownership by 11.64%. This transaction follows previous sales, including 20,000 shares sold on March 10th and another 20,000 shares on January 8th. These moves have raised questions about the company's internal confidence and future prospects.

Intapp's recent earnings report for the quarter ending February 4th showed a loss of $0.08 per share, missing the consensus estimate of $0.17. The company reported a negative net margin of 4.78% and a negative return on equity of 1.86%. Analysts anticipate that Intapp will post a loss of $0.14 per share for the current year, reflecting ongoing challenges in the financial software sector.

Despite the recent setbacks, several analysts have maintained positive outlooks on Intapp. Piper Sandler reissued an "overweight" rating with a price target of $71.00, while JPMorgan Chase & Co. lifted their target price to $75.00. UBS Group and Barclays also increased their price targets, reflecting a mix of optimism and caution among market experts.