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

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

INTA has been the topic of several other reports. Citigroup increased their price target on shares of Intapp from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of Intapp from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. JPMorgan Chase & Co. dropped their target price on shares of Intapp from $58.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Intapp in a research note on Friday, June 5th. Finally, UBS Group reduced their price target on shares of Intapp from $54.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Intapp currently has an average rating of “Hold” and an average price target of $34.57.

Intapp Trading Up 3.9%

Shares of NASDAQ:INTA opened at $27.39 on Wednesday. The company has a market cap of $2.11 billion, a PE ratio of -59.54, a P/E/G ratio of 2.92 and a beta of 0.47. The company’s 50 day moving average is $22.83 and its two-hundred day moving average is $28.27. Intapp has a 52 week low of $19.01 and a 52 week high of $49.10.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Intapp had a negative return on equity of 2.28% and a negative net margin of 6.48%.The company had revenue of $146.04 million during the quarter, compared to the consensus estimate of $144.32 million. During the same period in the previous year, the business earned $0.26 EPS. Intapp’s revenue for the quarter 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. As a group, equities research 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 firm’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 transaction, the insider directly owned 233,632 shares of the company’s stock, valued at approximately $5,845,472.64. This trade represents a 5.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 institutional investors have recently added to or reduced their stakes in INTA. Strive Financial Group LLC purchased a new stake in Intapp during the 4th quarter valued at approximately $28,000. First Horizon Corp purchased a new position in shares of Intapp in the 4th quarter valued at approximately $44,000. Optiver Holding B.V. increased its holdings in shares of Intapp by 2,232.1% in the first quarter. Optiver Holding B.V. now owns 1,819 shares of the company’s stock valued at $47,000 after purchasing an additional 1,741 shares during the period. Federation des caisses Desjardins du Quebec increased its holdings in shares of Intapp by 913.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company’s stock valued at $48,000 after purchasing an additional 950 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in shares of Intapp during the third quarter worth approximately $66,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

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.