Wall Street Zen Upgrades Intapp (NASDAQ:INTA) to Strong-Buy

Intapp (NASDAQ:INTA) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

A number of other research analysts have also commented on INTA. JPMorgan Chase & Co. decreased their price objective on Intapp from $70.00 to $58.00 and set an “overweight” rating on the stock in a research report on Wednesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intapp in a research report on Monday, December 29th. UBS Group set a $54.00 price objective on Intapp in a report on Wednesday. Barclays reduced their target price on shares of Intapp from $46.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday. Finally, Piper Sandler cut their price objective on shares of Intapp from $42.00 to $33.00 and set a “neutral” rating on the stock in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.57.

Intapp Stock Performance

Shares of INTA opened at $23.92 on Friday. The stock has a fifty day moving average price of $41.12 and a two-hundred day moving average price of $41.26. The company has a market cap of $1.92 billion, a price-to-earnings ratio of -79.73, a PEG ratio of 38.45 and a beta of 0.68. Intapp has a 52-week low of $20.76 and a 52-week high of $77.74.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 earnings per share. Intapp has set its FY 2026 guidance at 1.200-1.240 EPS and its Q3 2026 guidance at 0.270-0.290 EPS. As a group, research analysts predict that Intapp will post -0.14 EPS for the current fiscal year.

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

Insider Activity

In other news, CEO John T. Hall sold 8,000 shares of Intapp stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $47.48, for a total transaction of $379,840.00. Following the transaction, the chief executive officer owned 5,711,668 shares in the company, valued at $271,189,996.64. The trade was a 0.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David H. Morton, Jr. sold 10,000 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $40.76, for a total value 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. The trade was a 18.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 48,243 shares of company stock valued at $2,070,785 over the last 90 days. Corporate insiders own 11.21% of the company’s stock.

Hedge Funds Weigh In On Intapp

Large investors have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB raised its stake in shares of Intapp by 32.0% in the 4th quarter. Handelsbanken Fonder AB now owns 22,300 shares of the company’s stock valued at $1,022,000 after purchasing an additional 5,400 shares during the period. TimesSquare Capital Management LLC grew its holdings in shares of Intapp by 18.0% during the fourth quarter. TimesSquare Capital Management LLC now owns 602,236 shares of the company’s stock worth $27,594,000 after buying an additional 91,959 shares in the last quarter. ProShare Advisors LLC raised its position in Intapp by 8.0% in the 4th quarter. ProShare Advisors LLC now owns 10,445 shares of the company’s stock valued at $479,000 after buying an additional 773 shares during the last quarter. Nicholas Company Inc. lifted its stake in Intapp by 16.0% in the 4th quarter. Nicholas Company Inc. now owns 148,124 shares of the company’s stock valued at $6,787,000 after acquiring an additional 20,419 shares in the last quarter. Finally, Rezny Wealth Management Inc. boosted its position in Intapp by 2.4% during the 4th quarter. Rezny Wealth Management Inc. now owns 30,040 shares of the company’s stock worth $1,376,000 after acquiring an additional 707 shares during the last quarter. 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.