Intapp (NASDAQ:INTA) Cut to "Hold" at Wall Street Zen

Key Points

• Intapp has been downgraded to a "hold" rating by Wall Street Zen from its previous "buy" rating, signaling a more cautious outlook for the stock.
• Research analysts from Citigroup and Barclays have also lowered their price objectives for Intapp, with Citigroup reducing its target from $66.00 to $53.00 and Barclays from $47.00 to $43.00.
• In a recent earnings report, Intapp posted a quarterly revenue increase of 18.1% year-over-year, exceeding analysts' expectations by reporting $135.04 million compared to the estimated $132.07 million.

Intapp (NASDAQ:INTA - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

Several other research analysts also recently weighed in on INTA. Citigroup lowered their price objective on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. Weiss Ratings restated a "sell (e+)" rating on shares of Intapp in a report on Tuesday. Barclays lowered their price objective on shares of Intapp from $47.00 to $43.00 and set an "underweight" rating on the stock in a report on Tuesday. UBS Group lowered their price objective on shares of Intapp from $83.00 to $72.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. Finally, Piper Sandler upgraded shares of Intapp to a "neutral" rating and set a $55.00 price objective on the stock in a report on Tuesday, June 24th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $60.13.

Intapp Stock Up 1.5%

Intapp stock opened at $37.13 on Friday. Intapp has a 12-month low of $35.51 and a 12-month high of $77.74. The firm's fifty day moving average is $42.22 and its 200 day moving average is $47.96. The company has a market capitalization of $3.04 billion, a PE ratio of -154.71, a PEG ratio of 15.58 and a beta of 0.71.

Intapp (NASDAQ:INTA - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.04. Intapp had a negative net margin of 3.61% and a negative return on equity of 0.89%. The company had revenue of $135.04 million for the quarter, compared to the consensus estimate of $132.07 million. During the same quarter in the previous year, the company earned $0.15 EPS. Intapp's quarterly revenue was up 18.1% compared to the same quarter last year. Intapp has set its Q1 2026 guidance at 0.180-0.200 EPS. FY 2026 guidance at 1.090-1.130 EPS. Sell-side analysts expect that Intapp will post -0.14 EPS for the current fiscal year.

Intapp declared that its board has authorized a stock buyback plan on Tuesday, August 12th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to reacquire up to 5.2% 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 Activity at Intapp

In related news, insider Thad Jampol sold 6,184 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $42.06, for a total transaction of $260,099.04. Following the completion of the transaction, the insider owned 882,402 shares in the company, valued at approximately $37,113,828.12. This represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Benjamin Harrison sold 6,690 shares of the stock in a transaction dated Wednesday, August 20th. The shares were 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 position. The disclosure for this sale can be found here. Insiders have sold 101,169 shares of company stock valued at $4,292,798 in the last 90 days. 11.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intapp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Intapp by 4.5% during the first quarter. Vanguard Group Inc. now owns 6,652,139 shares of the company's stock worth $388,352,000 after purchasing an additional 283,923 shares during the period. Bamco Inc. NY boosted its position in Intapp by 7.5% during the second quarter. Bamco Inc. NY now owns 2,699,877 shares of the company's stock worth $139,368,000 after purchasing an additional 188,915 shares during the period. Invesco Ltd. boosted its position in Intapp by 6.1% during the first quarter. Invesco Ltd. now owns 2,100,618 shares of the company's stock worth $122,634,000 after purchasing an additional 120,112 shares during the period. Alliancebernstein L.P. boosted its position in Intapp by 7.7% during the first quarter. Alliancebernstein L.P. now owns 1,782,521 shares of the company's stock worth $104,064,000 after purchasing an additional 127,655 shares during the period. Finally, Jennison Associates LLC boosted its position in Intapp by 5.3% during the second quarter. Jennison Associates LLC now owns 1,631,528 shares of the company's stock worth $84,219,000 after purchasing an additional 81,518 shares during the period. Institutional investors own 89.96% of the company's stock.

About Intapp

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.

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