Intapp (NASDAQ:INTA) Raised to Hold at Zacks Research

Intapp (NASDAQ:INTA) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other equities analysts have also recently commented on the company. Barclays lifted their price target on Intapp from $20.00 to $25.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. dropped their price objective on shares of Intapp from $58.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Intapp in a research note on Friday, June 5th. UBS Group dropped their price target on Intapp from $54.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Finally, Wall Street Zen raised Intapp from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $34.57.

Intapp Price Performance

Shares of Intapp stock opened at $27.39 on Wednesday. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of -59.54, a price-to-earnings-growth ratio of 2.92 and a beta of 0.47. Intapp has a one year low of $19.01 and a one year high of $49.10. The stock’s 50-day moving average is $22.83 and its 200-day moving average is $28.27.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, May 5th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. Intapp had a negative net margin of 6.48% and a negative return on equity of 2.28%. The business had revenue of $146.04 million during the quarter, compared to analysts’ expectations of $144.32 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The firm’s revenue was up 13.1% on a year-over-year basis. Intapp has set its Q4 2026 guidance at 0.360-0.380 EPS and its FY 2026 guidance at 1.220-1.240 EPS. On average, equities analysts expect that Intapp will post -0.05 EPS for the current year.

Insider Transactions at Intapp

In other Intapp news, insider Michele Murgel sold 14,591 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $25.02, for a total transaction of $365,066.82. Following the completion of the sale, the insider owned 233,632 shares in the company, valued at approximately $5,845,472.64. The trade was a 5.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 11.21% of the company’s stock.

Hedge Funds Weigh In On Intapp

Several large investors have recently bought and sold shares of INTA. Bamco Inc. NY boosted its stake in shares of Intapp by 15.5% in the 4th quarter. Bamco Inc. NY now owns 3,327,989 shares of the company’s stock worth $152,488,000 after buying an additional 447,039 shares during the last quarter. Capital World Investors grew its position in shares of Intapp by 3.5% in the fourth quarter. Capital World Investors now owns 2,992,169 shares of the company’s stock valued at $137,101,000 after purchasing an additional 100,000 shares in the last quarter. Jennison Associates LLC increased its position in shares of Intapp by 9.7% during the first quarter. Jennison Associates LLC now owns 2,008,826 shares of the company’s stock valued at $51,607,000 after buying an additional 177,201 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Intapp by 143.7% in the third quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company’s stock worth $77,365,000 after buying an additional 1,115,392 shares in the last quarter. Finally, Praesidium Investment Management Company LLC lifted its stake in Intapp by 5.7% in the 4th quarter. Praesidium Investment Management Company LLC now owns 1,841,850 shares of the company’s stock worth $84,394,000 after purchasing an additional 98,767 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Intapp Company Profile

Intapp, Inc, headquartered in Palo Alto, California, is a leading provider of cloud-based software solutions designed to meet the unique needs of professional services firms, including law firms, accounting practices, and financial institutions. The company’s integrated platform connects front-office business development with back-office risk and compliance functions, enabling organizations to streamline workflows, improve collaboration and enhance client service.

Intapp’s suite of applications—such as Intake, Conflicts, Risk, Open, Time and Flow—addresses the entire client lifecycle.