Intapp (NASDAQ:INTA) Downgraded to “Hold” Rating by Wall Street Zen

Intapp (NASDAQ:INTA) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other analysts have also recently commented on the company. UBS Group cut their price objective on Intapp from $83.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, August 13th. Stifel Nicolaus cut their price objective on Intapp from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, July 8th. Piper Sandler upgraded Intapp to a “neutral” rating and set a $55.00 price objective for the company in a research report on Tuesday, June 24th. Citigroup cut their price objective on Intapp from $66.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, July 16th. Finally, Barclays boosted their price target on Intapp from $44.00 to $47.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 13th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Intapp has a consensus rating of “Hold” and a consensus target price of $60.63.

Intapp Price Performance

Intapp stock opened at $44.70 on Friday. The stock has a market capitalization of $3.67 billion, a PE ratio of -186.25, a price-to-earnings-growth ratio of 19.28 and a beta of 0.74. Intapp has a 12 month low of $35.51 and a 12 month high of $77.74. The business has a 50 day simple moving average of $43.29 and a 200-day simple moving average of $52.27.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $135.04 million during the quarter, compared to analysts’ expectations of $132.07 million. Intapp had a negative return on equity of 0.89% and a negative net margin of 3.61%.The business’s revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 earnings per share. Intapp has set its Q1 2026 guidance at 0.180-0.200 EPS. FY 2026 guidance at 1.090-1.130 EPS. On average, equities research analysts anticipate that Intapp will post -0.14 EPS for the current fiscal year.

Intapp announced that its Board of Directors has approved a stock buyback program on Tuesday, August 12th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to purchase up to 5.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity at Intapp

In other Intapp news, insider David Benjamin Harrison sold 6,690 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $42.06, for a total transaction of $281,381.40. Following the transaction, the insider owned 12,447 shares of the company’s stock, valued at approximately $523,520.82. The trade was a 34.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thad Jampol sold 6,184 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $42.06, for a total value of $260,099.04. Following the transaction, the insider directly owned 882,402 shares in the company, valued at $37,113,828.12. This trade represents a 0.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 99,649 shares of company stock valued at $4,224,079 in the last three months. Company insiders own 13.02% of the company’s stock.

Hedge Funds Weigh In On Intapp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INTA. Westfield Capital Management Co. LP acquired a new position in Intapp during the second quarter worth $38,657,000. Norges Bank acquired a new position in Intapp during the second quarter worth $35,081,000. Nuveen LLC acquired a new position in shares of Intapp in the 1st quarter valued at $35,117,000. Vanguard Group Inc. lifted its stake in shares of Intapp by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 6,652,139 shares of the company’s stock valued at $388,352,000 after purchasing an additional 283,923 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its stake in shares of Intapp by 25.5% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,331,580 shares of the company’s stock valued at $68,736,000 after purchasing an additional 270,214 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Intapp Company Profile

Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.