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

Wall Street Zen downgraded shares of Intapp (NASDAQ:INTA) from a strong-buy rating to a buy rating in a report released on Tuesday.

Several other research analysts also recently issued reports on INTA. Stifel Nicolaus dropped their price objective on shares of Intapp from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. JPMorgan Chase & Co. lowered their price target on Intapp from $70.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. UBS Group set a $54.00 price target on Intapp in a report on Wednesday, February 4th. Piper Sandler decreased their price objective on Intapp from $33.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, February 26th. Finally, Truist Financial set a $35.00 price objective on Intapp in a research report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.71.

Intapp Stock Up 11.5%

INTA opened at $26.14 on Tuesday. The stock’s 50 day moving average price is $33.88 and its two-hundred day moving average price is $39.22. The firm has a market capitalization of $2.10 billion, a P/E ratio of -87.13, a price-to-earnings-growth ratio of 102.68 and a beta of 0.73. Intapp has a 12-month low of $19.24 and a 12-month high of $65.35.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $138.20 million. During the same period in the prior year, the business earned $0.21 earnings per share. Intapp’s revenue for the quarter 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. As a group, analysts anticipate that Intapp will post -0.14 earnings per share for the current year.

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

Insider Activity

In other news, CEO John T. Hall sold 8,000 shares of the business’s stock in a transaction on Monday, December 29th. The shares were sold at an average price of $47.48, for a total value of $379,840.00. Following the sale, the chief executive officer owned 5,711,668 shares in the company, valued at approximately $271,189,996.64. The trade was a 0.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.21% of the company’s stock.

Hedge Funds Weigh In On Intapp

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

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.