Wall Street Zen Downgrades Intapp (NASDAQ:INTA) to Buy

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

A number of other analysts have also recently issued reports on the company. Stifel Nicolaus cut their price objective on Intapp from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Barclays dropped their price target on Intapp from $46.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 4th. Truist Financial set a $35.00 price objective on shares of Intapp in a research report on Wednesday, February 4th. JPMorgan Chase & Co. reduced 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. Finally, Citigroup decreased their price target on shares of Intapp from $49.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $39.71.

Intapp Trading Up 4.2%

Shares of NASDAQ INTA opened at $27.24 on Tuesday. Intapp has a 1-year low of $19.24 and a 1-year high of $65.35. The company has a 50-day moving average of $33.48 and a two-hundred day moving average of $39.13. The company has a market cap of $2.19 billion, a PE ratio of -90.80, a P/E/G ratio of 114.51 and a beta of 0.73.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The company had revenue of $140.21 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the business 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. As a group, equities research analysts forecast that Intapp will post -0.14 earnings per share for the current year.

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

Insider Transactions at Intapp

In other Intapp news, CEO John T. Hall sold 8,000 shares of the stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $47.48, for a total transaction of $379,840.00. Following the completion of the transaction, the chief executive officer owned 5,711,668 shares in the company, valued at $271,189,996.64. This trade represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of INTA. Natixis Advisors LLC raised its position in shares of Intapp by 2.2% in the 3rd quarter. Natixis Advisors LLC now owns 11,603 shares of the company’s stock worth $475,000 after purchasing an additional 250 shares during the last quarter. Diversified Trust Co. boosted its stake in shares of Intapp by 3.2% in the 4th quarter. Diversified Trust Co. now owns 8,653 shares of the company’s stock worth $396,000 after buying an additional 269 shares during the last quarter. Blue Trust Inc. grew 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 purchasing an additional 310 shares during the period. Sowell Financial Services LLC increased its holdings in Intapp by 4.9% during the fourth quarter. Sowell Financial Services LLC now owns 6,797 shares of the company’s stock valued at $311,000 after buying an additional 320 shares during the last quarter. Finally, Caxton Associates LLP increased its stake in shares of Intapp by 6.9% in the 2nd quarter. Caxton Associates LLP now owns 5,982 shares of the company’s stock worth $309,000 after purchasing an additional 388 shares in the last quarter. Hedge funds and other 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.