Intapp Shares Plunge Over 30% Despite Earnings Beat and Guidance Raise
Intapp shares plunged over 30% last week despite quarterly revenue and EPS beating consensus estimates. The company raised full-year guidance, but analysts lowered price targets after earnings, raising questions about an overreaction.
1. Shares Drop More Than 30%
Shares fell over 30% during the week as broader software stocks faced selling pressure, marking one of the steepest weekly declines for Intapp’s stock.
2. Strong Quarterly Results
Intapp reported quarterly results that surpassed consensus expectations, with both revenue and earnings per share exceeding forecasts, underlining solid operational performance.
3. Guidance Upgrade and Analyst Response
Following the earnings release, the company raised its full-year guidance, yet multiple analysts trimmed their price targets, fueling debate on whether the share sell-off was disproportionate.