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

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

A number of other equities analysts also recently commented on INTA. Stifel Nicolaus dropped their target price on shares of Intapp from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intapp in a report on Monday, December 29th. Barclays dropped their target price on Intapp from $46.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 4th. UBS Group set a $54.00 price target on shares of Intapp in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. lowered their price target on Intapp from $70.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Intapp currently has a consensus rating of “Hold” and an average price target of $41.57.

Intapp Trading Down 0.9%

Intapp stock opened at $23.23 on Friday. The firm has a 50 day moving average of $39.16 and a 200 day moving average of $40.64. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -77.43, a P/E/G ratio of 135.68 and a beta of 0.68. Intapp has a 12-month low of $20.76 and a 12-month high of $77.74.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. Intapp had a negative return on equity of 0.62% and a negative net margin of 4.37%.The company had revenue of $140.21 million for the quarter, compared to analysts’ expectations of $138.20 million. During the same period in the previous year, the firm earned $0.21 EPS. The firm’s revenue was up 15.7% compared to the same quarter last year. 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 predict that Intapp will post -0.14 EPS for the current year.

Intapp declared that its Board of Directors has initiated a stock buyback program on Tuesday, February 3rd that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to purchase up to 7.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, CEO John T. Hall sold 22,243 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $40.76, for a total transaction of $906,624.68. Following the transaction, the chief executive officer directly owned 5,711,668 shares of the company’s stock, valued at approximately $232,807,587.68. The trade was a 0.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 transaction, the chief financial officer directly owned 43,765 shares in the company, valued at approximately $1,783,861.40. This represents a 18.60% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 48,243 shares of company stock valued at $2,070,785. Company insiders own 11.21% of the company’s stock.

Hedge Funds Weigh In On Intapp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Intapp in the 2nd quarter worth about $31,000. Caitong International Asset Management Co. Ltd raised its stake in Intapp by 356.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 643 shares of the company’s stock valued at $33,000 after purchasing an additional 502 shares during the last quarter. First Horizon Corp acquired a new position in shares of Intapp in the fourth quarter valued at $44,000. Federation des caisses Desjardins du Quebec grew its position in Intapp by 913.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company’s stock valued at $48,000 after acquiring an additional 950 shares during the period. Finally, Blue Trust Inc. raised its position in Intapp by 27.9% in the 3rd quarter. Blue Trust Inc. now owns 1,421 shares of the company’s stock valued at $58,000 after purchasing an additional 310 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

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.