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 report released on Tuesday morning.

Several other research firms also recently commented on INTA. Stifel Nicolaus lowered their price objective on shares of Intapp from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. UBS Group set a $54.00 target price on Intapp in a research note on Wednesday, February 4th. Piper Sandler dropped their price target on Intapp from $33.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, February 26th. Truist Financial set a $35.00 price objective on Intapp in a report on Wednesday, February 4th. Finally, Barclays decreased their target price on Intapp from $46.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.71.

Intapp Price Performance

Shares of NASDAQ:INTA opened at $28.28 on Tuesday. The business’s 50-day moving average is $33.10 and its 200 day moving average is $39.06. Intapp has a 1 year low of $19.24 and a 1 year high of $65.10. The firm has a market capitalization of $2.27 billion, a P/E ratio of -94.27, a P/E/G ratio of 119.33 and a beta of 0.73.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The business 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%.The company’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 earnings per share. 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 expect that Intapp will post -0.14 EPS for the current year.

Intapp announced that its board has approved a stock buyback plan on Tuesday, February 3rd that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to buy up to 7.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Intapp

In other 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 sale, the chief executive officer directly owned 5,711,668 shares of the company’s stock, valued at $271,189,996.64. This represents a 0.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 11.21% of the company’s stock.

Hedge Funds Weigh In On Intapp

Large investors have recently bought and sold shares of the business. Wellington Management Group LLP grew its holdings in Intapp by 143.7% in the third quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company’s stock valued at $77,365,000 after purchasing an additional 1,115,392 shares during the period. Brown Brothers Harriman & Co. purchased a new position in shares of Intapp during the 3rd quarter valued at approximately $45,349,000. Barclays PLC grew its stake in Intapp by 1,160.6% in the 4th quarter. Barclays PLC now owns 1,094,989 shares of the company’s stock valued at $50,172,000 after acquiring an additional 1,008,128 shares during the period. Westfield Capital Management Co. LP purchased a new stake in Intapp in the 2nd quarter worth $38,657,000. Finally, Norges Bank acquired a new position in Intapp during the fourth quarter worth $32,302,000. Institutional investors and hedge funds 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.