Intapp (NASDAQ:INTA) Lowered to "Hold" Rating by Wall Street Zen

Key Points

• Intapp (NASDAQ: INTA) has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, indicating a shift in analysts' outlook on the stock.
• After reporting a quarterly revenue of $135.04 million and earnings per share of $0.27, Intapp exceeded expectations, but carries a consensus rating of "hold" with an average target price of $60.63.
• The company also announced a $150 million share buyback program, signaling confidence in its stock value, while insiders recently sold shares, potentially affecting market sentiment.

Wall Street Zen lowered shares of Intapp (NASDAQ:INTA - Free Report) from a buy rating to a hold rating in a research report report published on Saturday morning.

A number of other equities analysts have also issued reports on INTA. UBS Group lowered their target price on shares of Intapp from $83.00 to $72.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. 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 research report on Wednesday, July 16th. Piper Sandler upgraded shares of Intapp to a "neutral" rating and set a $55.00 price objective on the stock in a research report on Tuesday, June 24th. Barclays lifted their price objective on shares of Intapp from $44.00 to $47.00 and gave the company an "underweight" rating in a research report on Wednesday, August 13th. Finally, Stifel Nicolaus lowered their price objective on shares of Intapp from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, July 8th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $60.63.

Intapp Price Performance

Shares of INTA traded up $0.90 during mid-day trading on Friday, reaching $45.40. 556,580 shares of the company's stock were exchanged, compared to its average volume of 937,189. The stock has a market capitalization of $3.73 billion, a PE ratio of -189.17, a price-to-earnings-growth ratio of 18.96 and a beta of 0.74. The business's fifty day simple moving average is $42.97 and its 200-day simple moving average is $51.62. Intapp has a 52-week low of $35.51 and a 52-week high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. The business had revenue of $135.04 million for the quarter, compared to analyst estimates of $132.07 million. Intapp had a negative net margin of 3.61% and a negative return on equity of 0.89%. The company's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period last year, the firm posted $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. Equities research analysts predict that Intapp will post -0.14 earnings per share for the current year.

Intapp declared that its board has authorized a share repurchase plan on Tuesday, August 12th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Intapp news, CMO Scott Fitzgerald sold 2,872 shares of the firm'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 $120,796.32. Following the completion of the sale, the chief marketing officer owned 48,370 shares of the company's stock, valued at approximately $2,034,442.20. This trade represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John T. Hall sold 8,000 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $43.46, for a total value of $347,680.00. Following the completion of the sale, the chief executive officer directly owned 5,598,775 shares of the company's stock, valued at approximately $243,322,761.50. This trade represents a 0.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,649 shares of company stock valued at $4,224,079 in the last quarter. Corporate insiders own 13.02% of the company's stock.

Institutional Investors Weigh In On Intapp

Hedge funds and other institutional investors have recently bought and sold shares of the business. REAP Financial Group LLC lifted its holdings in Intapp by 218.5% in the second quarter. REAP Financial Group LLC now owns 481 shares of the company's stock valued at $25,000 after acquiring an additional 330 shares during the period. Farther Finance Advisors LLC lifted its holdings in Intapp by 74.2% in the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock valued at $31,000 after acquiring an additional 224 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Intapp during the 2nd quarter worth $31,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Intapp by 356.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 643 shares of the company's stock worth $33,000 after buying an additional 502 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Intapp during the 1st quarter worth $36,000. 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.