Intapp (NASDAQ:INTA) Price Target Cut to $49.00 by Analysts at Citigroup

Intapp (NASDAQ:INTA) had its target price lowered by Citigroup from $53.00 to $49.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research firms also recently commented on INTA. Barclays cut their price objective on Intapp from $47.00 to $43.00 and set an “underweight” rating on the stock in a report on Tuesday, October 14th. Stifel Nicolaus cut their price objective on Intapp from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, July 8th. Wall Street Zen upgraded Intapp from a “hold” rating to a “buy” rating in a report on Sunday. Weiss Ratings restated a “sell (e+)” rating on shares of Intapp in a report on Tuesday, October 14th. Finally, Piper Sandler set a $42.00 price objective on Intapp and gave the stock a “neutral” rating in a report on Monday, October 20th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $58.00.

Intapp Trading Down 0.2%

NASDAQ INTA opened at $39.62 on Tuesday. The business’s 50-day moving average price is $42.08 and its 200 day moving average price is $47.17. Intapp has a twelve month low of $35.51 and a twelve month high of $77.74. The company has a market capitalization of $3.24 billion, a PE ratio of -165.08, a price-to-earnings-growth ratio of 16.91 and a beta of 0.71.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, August 12th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. Intapp had a negative return on equity of 0.89% and a negative net margin of 3.61%.The firm had revenue of $135.04 million for the quarter, compared to the consensus estimate of $132.07 million. During the same period in the prior year, the business posted $0.15 earnings per share. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. Intapp has set its Q1 2026 guidance at 0.180-0.200 EPS. FY 2026 guidance at 1.090-1.130 EPS. Equities analysts predict that Intapp will post -0.14 EPS for the current year.

Intapp announced that its Board of Directors has approved a stock repurchase plan on Tuesday, August 12th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 5.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other Intapp news, COO Donald F. Coleman sold 1,520 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $45.21, for a total transaction of $68,719.20. Following the completion of the sale, the chief operating officer owned 442,061 shares in the company, valued at $19,985,577.81. This trade represents a 0.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thad Jampol sold 2,968 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $41.80, for a total value of $124,062.40. Following the sale, the insider owned 879,434 shares of the company’s stock, valued at approximately $36,760,341.20. This trade represents a 0.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 101,169 shares of company stock worth $4,292,798 over the last quarter. Corporate insiders own 11.21% of the company’s stock.

Institutional Investors Weigh In On Intapp

A number of hedge funds have recently bought and sold shares of INTA. Westfield Capital Management Co. LP acquired a new stake in Intapp during the 2nd quarter valued at approximately $38,657,000. Norges Bank bought a new stake in shares of Intapp in the 2nd quarter valued at approximately $35,081,000. Nuveen LLC bought a new stake in shares of Intapp in the 1st quarter valued at approximately $35,117,000. Vanguard Group Inc. increased its holdings in shares of Intapp by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 6,652,139 shares of the company’s stock valued at $388,352,000 after acquiring an additional 283,923 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in shares of Intapp by 25.5% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,331,580 shares of the company’s stock valued at $68,736,000 after acquiring an additional 270,214 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

About Intapp

Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.