Intapp (NASDAQ:INTA) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Intapp (NASDAQ:INTA) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Several other research firms have also recently weighed in on INTA. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Intapp in a research note on Friday, June 5th. Truist Financial boosted their price target on shares of Intapp from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Barclays increased their price objective on shares of Intapp from $25.00 to $29.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. Piper Sandler lifted their target price on Intapp from $25.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Finally, UBS Group reduced their target price on Intapp from $54.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $37.86.

Intapp Trading Down 2.2%

NASDAQ INTA opened at $40.11 on Friday. Intapp has a 12 month low of $19.01 and a 12 month high of $47.93. The stock has a market cap of $3.09 billion, a PE ratio of -77.13, a P/E/G ratio of 15.49 and a beta of 0.42. The stock’s 50 day moving average is $28.55 and its 200 day moving average is $25.79.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The business had revenue of $152.53 million during the quarter, compared to analyst estimates of $149.75 million. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.12%. The company’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm posted $0.27 EPS. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. On average, analysts forecast that Intapp will post 0.07 EPS for the current fiscal year.

Insider Transactions at Intapp

In other Intapp news, insider Michele Murgel sold 14,591 shares of the stock in a transaction on Friday, June 26th. The shares were sold at an average price of $25.02, for a total transaction of $365,066.82. Following the completion of the transaction, the insider owned 233,632 shares in the company, valued at $5,845,472.64. This trade represents a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.21% of the stock is currently owned by insiders.

Institutional Trading of Intapp

A number of large investors have recently made changes to their positions in INTA. Strive Financial Group LLC bought a new position in shares of Intapp in the 4th quarter valued at about $28,000. Allworth Financial LP bought a new stake in Intapp during the second quarter worth approximately $33,000. Harbor Investment Advisory LLC bought a new stake in Intapp during the second quarter worth approximately $36,000. First Horizon Corp purchased a new stake in Intapp during the fourth quarter valued at approximately $44,000. Finally, Optiver Holding B.V. raised its position in Intapp by 2,232.1% during the first quarter. Optiver Holding B.V. now owns 1,819 shares of the company’s stock valued at $47,000 after purchasing an additional 1,741 shares during the period. 89.96% of the stock is currently 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.