Intapp (NASDAQ:INTA) Rating Lowered to Hold at Wall Street Zen

Intapp (NASDAQ:INTA) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other brokerages have also commented on INTA. UBS Group lowered their price objective on shares of Intapp from $54.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. JPMorgan Chase & Co. decreased their price target 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. Citigroup upped their price objective on Intapp from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Barclays increased their price objective on Intapp from $20.00 to $25.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Finally, Zacks Research raised Intapp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Intapp has an average rating of “Hold” and a consensus price target of $34.57.

Intapp Stock Down 1.5%

Intapp stock opened at $29.12 on Friday. Intapp has a 52 week low of $19.01 and a 52 week high of $47.93. The company’s 50 day moving average price is $23.95 and its two-hundred day moving average price is $27.00. The stock has a market cap of $2.24 billion, a P/E ratio of -63.30, a P/E/G ratio of 3.27 and a beta of 0.47.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $146.04 million for the quarter, compared to analysts’ expectations of $144.32 million. Intapp had a negative return on equity of 2.28% and a negative net margin of 6.48%.The business’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 earnings per share. 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 anticipate that Intapp will post -0.05 EPS for the current year.

Insider Activity

In other news, insider Michele Murgel sold 14,591 shares of Intapp stock in a transaction 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 completion of the transaction, the insider directly owned 233,632 shares in the company, valued at approximately $5,845,472.64. The trade was a 5.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Investors Weigh In On Intapp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Strive Financial Group LLC purchased a new position in shares of Intapp during the 4th quarter valued at $28,000. Harbor Investment Advisory LLC purchased a new stake in shares of Intapp in the second quarter worth $36,000. First Horizon Corp bought a new stake in Intapp during the fourth quarter valued at $44,000. Optiver Holding B.V. boosted its stake in Intapp by 2,232.1% during the first quarter. Optiver Holding B.V. now owns 1,819 shares of the company’s stock valued at $47,000 after buying an additional 1,741 shares during the period. Finally, Federation des caisses Desjardins du Quebec grew its position in Intapp by 913.5% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company’s stock worth $48,000 after buying an additional 950 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

About Intapp

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.