Stifel Nicolaus Cuts Intapp (NASDAQ:INTA) Price Target to $35.00

Intapp (NASDAQ:INTAFree Report) had its price objective trimmed by Stifel Nicolaus from $40.00 to $35.00 in a research note published on Thursday morning, MarketBeat reports. The firm currently has a buy rating on the stock.

INTA has been the subject of several other research reports. JPMorgan Chase & Co. lowered their target price on shares of Intapp from $70.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intapp in a research note on Monday, December 29th. Piper Sandler dropped their target price on Intapp from $42.00 to $33.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Wall Street Zen raised Intapp from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Finally, Oppenheimer reissued a “market perform” rating on shares of Intapp in a research note on Thursday. 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $39.71.

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Intapp Stock Performance

Shares of Intapp stock opened at $22.43 on Thursday. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of -74.77, a price-to-earnings-growth ratio of 131.01 and a beta of 0.68. The stock has a 50 day moving average price of $34.77 and a 200-day moving average price of $39.48. Intapp has a one year low of $19.24 and a one year high of $67.01.

Intapp (NASDAQ:INTAGet Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. The company had revenue of $140.21 million for the quarter, compared to analyst estimates of $138.20 million. Intapp had a negative return on equity of 0.62% and a negative net margin of 4.37%.Intapp’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Sell-side analysts predict that Intapp will post -0.14 earnings per share for the current fiscal year.

Intapp announced that its Board of Directors has authorized a share buyback plan on Tuesday, February 3rd that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to purchase up to 7.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, CEO John T. Hall sold 8,000 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $271,189,996.64. This represents a 0.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.21% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Strive Financial Group LLC purchased a new position in shares of Intapp in the fourth quarter worth $28,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Intapp during the second quarter valued at $31,000. First Horizon Corp purchased a new stake in Intapp in the fourth quarter valued at $44,000. Federation des caisses Desjardins du Quebec grew its position in Intapp by 913.5% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company’s stock worth $48,000 after purchasing an additional 950 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Intapp by 27.9% during the 3rd quarter. Blue Trust Inc. now owns 1,421 shares of the company’s stock valued at $58,000 after buying an additional 310 shares during the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

More Intapp News

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About Intapp

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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.

Further Reading

Analyst Recommendations for Intapp (NASDAQ:INTA)

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