Wall Street Zen cut shares of Intapp (NASDAQ:INTA – Free Report) from a buy rating to a hold rating in a report published on Saturday morning.
A number of other equities research analysts also recently weighed in on the company. UBS Group reduced their target price on Intapp from $54.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Intapp in a report on Friday, June 5th. JPMorgan Chase & Co. dropped their price objective on Intapp from $58.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Zacks Research raised Intapp from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 1st. Finally, Barclays raised their price objective on Intapp from $20.00 to $25.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $34.57.
Read Our Latest Stock Analysis on INTA
Intapp Stock Up 0.1%
Intapp (NASDAQ:INTA – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $146.04 million during the quarter, compared to analysts’ expectations of $144.32 million. Intapp had a negative net margin of 6.48% and a negative return on equity of 2.28%. Intapp’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $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. Equities analysts anticipate that Intapp will post -0.05 earnings per share for the current fiscal year.
Insider Activity
In related news, insider Michele Murgel sold 14,591 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $25.02, for a total value of $365,066.82. Following the completion of the transaction, the insider owned 233,632 shares in the company, valued at $5,845,472.64. This trade represents a 5.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.21% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Intapp
Large investors have recently modified their holdings of the business. AQR Capital Management LLC grew its stake in shares of Intapp by 60.9% in the first quarter. AQR Capital Management LLC now owns 30,969 shares of the company’s stock worth $1,808,000 after purchasing an additional 11,719 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Intapp by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,737 shares of the company’s stock worth $1,853,000 after buying an additional 1,379 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Intapp by 2.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,511 shares of the company’s stock worth $16,318,000 after buying an additional 6,210 shares during the period. Russell Investments Group Ltd. grew its position in shares of Intapp by 208.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,848 shares of the company’s stock valued at $95,000 after buying an additional 1,248 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Intapp in the 2nd quarter valued at about $693,000. Institutional investors own 89.96% of the company’s stock.
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.
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