Intapp (NASDAQ:INTA) Downgraded by Wall Street Zen to Buy

Wall Street Zen cut shares of Intapp (NASDAQ:INTA) from a strong-buy rating to a buy rating in a report published on Sunday.

A number of other research analysts have also recently commented on INTA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intapp in a research note on Monday, December 29th. Stifel Nicolaus cut their price objective on Intapp from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Truist Financial set a $35.00 target price on Intapp in a research report on Wednesday, February 4th. Piper Sandler dropped their price target on Intapp from $42.00 to $33.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Finally, Barclays reduced their price objective 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 investment 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’s stock. According to MarketBeat, Intapp currently has a consensus rating of “Hold” and a consensus target price of $41.57.

Intapp Stock Down 0.9%

Shares of NASDAQ INTA opened at $23.23 on Friday. The firm has a market cap of $1.87 billion, a P/E ratio of -77.43, a PEG ratio of 135.68 and a beta of 0.68. Intapp has a twelve month low of $20.76 and a twelve month high of $77.74. The company has a 50 day moving average of $39.16 and a 200 day moving average of $40.64.

Intapp (NASDAQ:INTA) last issued its earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.07. The company had revenue of $140.21 million for the quarter, compared to analysts’ expectations of $138.20 million. Intapp had a negative net margin of 4.37% and a negative return on equity of 0.62%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the company 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, equities analysts expect that Intapp will post -0.14 earnings per share for the current fiscal year.

Intapp announced that its board has authorized a share repurchase 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 typically an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Intapp

In related news, CEO John T. Hall sold 8,000 shares of the company’s stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $47.48, for a total value of $379,840.00. Following the completion of the sale, the chief executive officer directly owned 5,711,668 shares of the company’s stock, valued at $271,189,996.64. This represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the chief financial officer owned 43,765 shares in the company, valued at approximately $1,783,861.40. The trade was a 18.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 48,243 shares of company stock valued at $2,070,785 in the last quarter. 11.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intapp

Several institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC increased its holdings in Intapp by 52.9% in the 4th quarter. Kestra Advisory Services LLC now owns 8,314 shares of the company’s stock worth $381,000 after buying an additional 2,878 shares during the period. Stifel Financial Corp boosted its holdings in shares of Intapp by 22.3% in the 4th quarter. Stifel Financial Corp now owns 72,062 shares of the company’s stock valued at $3,302,000 after acquiring an additional 13,116 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Intapp by 20.8% in the 4th quarter. First Trust Advisors LP now owns 40,438 shares of the company’s stock valued at $1,853,000 after acquiring an additional 6,961 shares during the last quarter. Headlands Technologies LLC increased its stake in shares of Intapp by 4.0% in the fourth quarter. Headlands Technologies LLC now owns 48,041 shares of the company’s stock worth $2,201,000 after acquiring an additional 1,851 shares during the period. Finally, State Street Corp raised its holdings in shares of Intapp by 5.5% during the fourth quarter. State Street Corp now owns 1,367,990 shares of the company’s stock worth $62,681,000 after purchasing an additional 71,696 shares during the last quarter. Institutional investors and hedge funds 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.