Intapp (NASDAQ:INTA) Cut to “Buy” at Wall Street Zen

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

Several other research firms have also recently commented on INTA. Weiss Ratings reissued a “sell (d-)” rating on shares of Intapp in a report on Monday, December 29th. Stifel Nicolaus reduced their target price on Intapp from $50.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Piper Sandler decreased their target price on shares of Intapp from $42.00 to $33.00 and set a “neutral” 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 report on Wednesday, February 4th. Finally, Truist Financial set a $35.00 price objective on shares of Intapp 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $41.57.

Intapp Stock Up 3.3%

Shares of NASDAQ:INTA opened at $24.00 on Friday. Intapp has a fifty-two week low of $20.76 and a fifty-two week high of $74.00. The firm’s 50-day simple moving average is $38.38 and its 200-day simple moving average is $40.41. The company has a market cap of $1.93 billion, a price-to-earnings ratio of -80.00, a PEG ratio of 135.68 and a beta of 0.68.

Intapp (NASDAQ:INTA) last posted its quarterly 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. Intapp had a negative net margin of 4.37% and a negative return on equity of 0.62%. The firm had revenue of $140.21 million during the quarter, compared to analysts’ expectations of $138.20 million. During the same period in the prior year, the company posted $0.21 earnings per share. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. 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, research analysts forecast that Intapp will post -0.14 EPS for the current year.

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

Insider Transactions at Intapp

In other Intapp news, CFO David H. Morton, Jr. sold 10,000 shares of Intapp stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $40.76, for a total transaction of $407,600.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John T. Hall sold 22,243 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $40.76, for a total transaction of $906,624.68. Following the completion of the sale, the chief executive officer owned 5,711,668 shares in the company, valued at $232,807,587.68. This represents a 0.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 48,243 shares of company stock valued at $2,070,785. 11.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intapp

Hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC raised its holdings in shares of Intapp by 60.9% in the first quarter. AQR Capital Management LLC now owns 30,969 shares of the company’s stock worth $1,808,000 after acquiring an additional 11,719 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Intapp by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,737 shares of the company’s stock valued at $1,853,000 after purchasing an additional 1,379 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Intapp by 2.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,511 shares of the company’s stock valued at $16,318,000 after purchasing an additional 6,210 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Intapp by 19.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 7,050 shares of the company’s stock valued at $364,000 after purchasing an additional 1,142 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Intapp by 13.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,857 shares of the company’s stock worth $251,000 after purchasing an additional 583 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.