Intapp (NASDAQ:INTA) Rating Lowered to “Buy” at Wall Street Zen

Intapp (NASDAQ:INTA) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Sunday.

Several other equities research analysts have also recently weighed in on INTA. Citigroup lowered their price target on shares of Intapp from $49.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. UBS Group set a $54.00 target price on Intapp in a research note on Wednesday, February 4th. Truist Financial set a $35.00 price objective on shares of Intapp in a research note on Wednesday, February 4th. Stifel Nicolaus decreased their price target on Intapp from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Finally, Barclays dropped their price target on Intapp from $46.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.57.

Intapp Stock Performance

Intapp stock opened at $23.23 on Friday. The company has a 50 day moving average price of $38.76 and a 200-day moving average price of $40.52. The company has a market capitalization of $1.87 billion, a PE ratio of -77.43, a P/E/G ratio of 135.68 and a beta of 0.68. Intapp has a fifty-two week low of $20.76 and a fifty-two week high of $77.74.

Intapp (NASDAQ:INTA) last issued its earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. The business had revenue of $140.21 million during the quarter, compared to analysts’ expectations of $138.20 million. Intapp had a negative return on equity of 0.62% and a negative net margin of 4.37%.The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 EPS. Intapp has set its FY 2026 guidance at 1.200-1.240 EPS and its Q3 2026 guidance at 0.270-0.290 EPS. On average, analysts forecast that Intapp will post -0.14 earnings per share for the current year.

Intapp declared that its Board of Directors has authorized a stock buyback program on Tuesday, February 3rd that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 7.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Intapp

In other Intapp news, CFO David H. Morton, Jr. sold 10,000 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $40.76, for a total transaction of $407,600.00. Following the sale, the chief financial officer directly owned 43,765 shares of the company’s stock, valued at approximately $1,783,861.40. This trade represents a 18.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John T. Hall sold 22,243 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $40.76, for a total value of $906,624.68. Following the completion of the sale, the chief executive officer directly owned 5,711,668 shares in the company, valued at approximately $232,807,587.68. The trade was a 0.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 48,243 shares of company stock valued at $2,070,785. 11.21% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Natixis Advisors LLC grew its holdings in shares of Intapp by 2.2% during the third quarter. Natixis Advisors LLC now owns 11,603 shares of the company’s stock worth $475,000 after buying an additional 250 shares in the last quarter. Diversified Trust Co. increased its holdings in shares of Intapp by 3.2% in the fourth quarter. Diversified Trust Co. now owns 8,653 shares of the company’s stock valued at $396,000 after purchasing an additional 269 shares during the last quarter. Blue Trust Inc. lifted its position in Intapp by 27.9% during the third quarter. Blue Trust Inc. now owns 1,421 shares of the company’s stock worth $58,000 after buying an additional 310 shares in the last quarter. Sowell Financial Services LLC boosted its stake in Intapp by 4.9% during the fourth quarter. Sowell Financial Services LLC now owns 6,797 shares of the company’s stock worth $311,000 after buying an additional 320 shares during the last quarter. Finally, Caxton Associates LLP boosted its position in shares of Intapp by 6.9% during the 2nd quarter. Caxton Associates LLP now owns 5,982 shares of the company’s stock valued at $309,000 after acquiring an additional 388 shares during the last quarter. Hedge funds and other institutional investors 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.