70.00
price up icon2.70%   1.89
after-market After Hours: 70.00
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Why is Intapp Inc (INTA) Stock down?

We've noticed a 6.82% decline in Intapp Inc (INTA) stock during the 2024-10-07 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
15 Nov, 2023:

Shares of Intapp Inc (INTA) dropped by 5.00% from $40.78 to $38.74 in the trading on Wednesday, Novemeber 15, 2023. The reason why INTA is down today is due to Intapp's announcement of an underwritten secondary offering of 5 million shares by certain entities affiliated with Great Hill Equity Partners IV, L.P. and Anderson Investments Pte Ltd. In details, The selling stockholders will receive all proceeds from the offering, with Citigroup serving as the underwriter. Additionally, the underwriter has an option to purchase up to 750,000 additional shares from certain selling stockholders. This offering is made in compliance with a previously filed Form S-3 shelf registration statement, which became effective on May 16, 2023.

07 Sep, 2023:

Shares of Intapp (INTA) dropped by 4.46% from $37.24 to $35.58 in the trading on Thursday, September 07, 2023. The reason why INTA is down today is due to a mixed outlook for the current quarter, despite the company surpassing Wall Street's expectations for its fiscal fourth quarter. Intapp, an enterprise cloud software firm, reported solid earnings for the previous quarter but provided guidance that matched estimates for the upcoming quarter, leading to a stock drop. Analysts noted a deceleration in revenue growth, but the company remained confident in its demand outlook and planned to invest in sales capacity for fiscal 2024.

02 Aug, 2023:

Shares of Intapp (INTA) dropped by 8.04% from $41.15 to $37.84 in the trading on Wednesday, August 02, 2023. The reason why INTA is down today is due to broader market movement. US stocks, including INTA, experienced a significant selling following a credit downgrade, leading to a spike in Treasury yields and major stock indexes posting some of their worst performances in months. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all declined, with the tech-heavy Nasdaq suffering its worst one-day performance since February. Bond prices fell, pushing the yield on the 10-year Treasury note to its highest level since November. All the factors contributed to the decline in INTA's stock price today.

17 May, 2023:

Shares of Intapp (INTA) dropped by 15.72% from $44.09 to $37.16 in the trading on Wednesday, May 17, 2023. The reason why INTA is down today is due to the announcement of an underwritten public offering (the "Offering") of 6,250,000 shares of common stock at a price of $36.50 per share. Of these shares, 2,000,000 were from the Company, and 4,250,000 were from certain selling stockholders, generating approximately $73.0 million for the Company and $155.1 million for the selling stockholders. BofA Securities and Barclays led the Offering.

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