Intapp (NASDAQ:INTA) Rating Increased to Hold at Zacks Research

by · The Markets Daily

Zacks Research upgraded shares of Intapp (NASDAQ:INTA – Free Report) from a strong sell rating to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Intapp in a report on Friday, June 5th. Citigroup lifted their price target on Intapp from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. UBS Group reduced their price target on Intapp from $54.00 to $46.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. JPMorgan Chase & Co. decreased their price objective on Intapp from $58.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Finally, Barclays raised their price objective on Intapp from $20.00 to $25.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $34.57.

Check Out Our Latest Analysis on INTA

Intapp Trading Up 3.9%

NASDAQ:INTA opened at $27.39 on Wednesday. The company has a 50-day moving average price of $22.83 and a 200-day moving average price of $28.27. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of -59.54, a P/E/G ratio of 2.92 and a beta of 0.47. Intapp has a 12 month low of $19.01 and a 12 month high of $49.10.

Intapp (NASDAQ:INTA – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating 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 company had revenue of $146.04 million for the quarter, compared to analysts’ expectations of $144.32 million. During the same quarter in the previous year, the company earned $0.26 earnings per share. Intapp’s quarterly 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. Equities analysts forecast that Intapp will post -0.05 EPS for the current fiscal year.

Insider Activity at Intapp

In other news, insider Michele Murgel sold 14,591 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $25.02, for a total value of $365,066.82. Following the sale, the insider directly owned 233,632 shares of the company’s stock, valued at $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 is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.21% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strive Financial Group LLC bought a new stake in Intapp in the fourth quarter worth $28,000. First Horizon Corp bought a new position in shares of Intapp during the fourth quarter valued at $44,000. Federation des caisses Desjardins du Quebec raised its position in shares of Intapp by 913.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company’s stock worth $48,000 after purchasing an additional 950 shares during the last quarter. State of Wyoming raised its position in shares of Intapp by 75.7% in the 4th quarter. State of Wyoming now owns 1,597 shares of the company’s stock worth $73,000 after purchasing an additional 688 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Intapp in the 3rd quarter worth about $66,000. Institutional investors own 89.96% of the company’s stock.

About Intapp

(Get Free Report)

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.

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