Intapp (NASDAQ:INTA) Cut to Hold at 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 downgraded shares of Intapp (NASDAQ:INTA - Free Report) from a buy rating to a hold rating in a research note published on Saturday.

INTA has been the topic of a number of other research reports. Citigroup decreased their target price 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. UBS Group decreased 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. Piper Sandler upgraded shares of Intapp to a "neutral" rating and set a $55.00 target price on the stock in a research report on Tuesday, June 24th. Stifel Nicolaus decreased 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. Finally, Barclays upped their price objective on shares of Intapp from $44.00 to $47.00 and gave the company an "underweight" rating in a research note on Wednesday, August 13th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $60.63.

Intapp Stock Performance

NASDAQ:INTA traded up $0.64 during trading hours on Friday, reaching $45.34. The company's stock had a trading volume of 432,324 shares, compared to its average volume of 1,313,699. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of -188.92, a PEG ratio of 19.05 and a beta of 0.74. The firm has a 50-day simple moving average of $43.16 and a 200-day simple moving average of $51.86. Intapp has a 1 year low of $35.51 and a 1 year high of $77.74.

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

Intapp declared that its Board of Directors has approved a stock repurchase plan 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 shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

Insider Activity at Intapp

In related news, CFO David H. Morton, Jr. sold 10,000 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $42.95, for a total transaction of $429,500.00. Following the transaction, the chief financial officer owned 36,855 shares in the company, valued at $1,582,922.25. The trade was a 21.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John T. Hall sold 19,515 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $42.94, for a total transaction of $837,974.10. Following the transaction, the chief executive officer owned 5,598,775 shares in the company, valued at $240,411,398.50. This represents a 0.35% 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 over the last three months. Corporate insiders own 13.02% of the company's stock.

Hedge Funds Weigh In On Intapp

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Intapp by 4.5% during the first quarter. Vanguard Group Inc. now owns 6,652,139 shares of the company's stock valued at $388,352,000 after buying an additional 283,923 shares during the period. Bamco Inc. NY grew its holdings in Intapp by 7.5% in 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. grew its holdings in Intapp by 6.1% in 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. lifted its stake in shares of Intapp by 7.7% in the first quarter. Alliancebernstein L.P. now owns 1,782,521 shares of the company's stock worth $104,064,000 after buying an additional 127,655 shares in the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of Intapp by 5.3% in the second quarter. Jennison Associates LLC now owns 1,631,528 shares of the company's stock worth $84,219,000 after buying an additional 81,518 shares in the last quarter. Hedge funds and other institutional investors 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.