Competition And Market ChallengesIntapp faces challenges ahead from AI adoption, less customer hiring, a weak capital markets cycle, and increasing competition that will constrain the company’s ability to improve growth anytime soon.
Growth SustainabilityIntapp has shown strong top-line growth when it scaled to $425M+, however, the business may be challenged to sustain the growth momentum given the headwinds from less customer hiring, a slow capital markets cycle, and without a pivot or new act.
Shareholder Dynamics20%+ of the shares outstanding are held by investors who bought the stock when Intapp was private, and these holders have sold the stock when INTA was in the mid $30-low $40’s, creating downward pressure to the stock price.