Intapp (NASDAQ:INTA) Upgraded at Wall Street Zen

Key Points

• Intapp has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting growing confidence among analysts in the company's future performance.
• The stock currently has a consensus rating of "Hold" with a target price of $58.50, amidst varying ratings from different analysts, including multiple "buy" and "sell" recommendations.
• Intapp recently reported a quarterly EPS of $0.27, surpassing estimates, along with an 18.1% year-over-year revenue increase, indicating positive financial performance.

Intapp (NASDAQ:INTA - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Sunday.

Several other research analysts also recently weighed in on the company. Weiss Ratings reiterated a "sell (e+)" rating on shares of Intapp in a research note on Tuesday, October 14th. Piper Sandler set a $42.00 target price on shares of Intapp and gave the stock a "neutral" rating in a research report on Monday, October 20th. UBS Group lowered their price target 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. Stifel Nicolaus reduced their target price on Intapp from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, July 8th. Finally, Citigroup dropped their price objective on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a research note on Wednesday, July 16th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $58.50.

Intapp Trading Up 1.0%

Shares of NASDAQ:INTA opened at $39.92 on Friday. The business has a 50-day moving average price of $42.19 and a 200 day moving average price of $47.46. Intapp has a 12-month low of $35.51 and a 12-month high of $77.74. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of -166.33, a PEG ratio of 17.01 and a beta of 0.71.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. The company had revenue of $135.04 million during 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 posted $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. As a group, equities research analysts predict that Intapp will post -0.14 earnings per share for the current fiscal year.

Intapp announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 12th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to purchase up to 5.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

Insider Activity at Intapp

In related news, insider Michele Murgel sold 2,604 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $41.80, for a total value of $108,847.20. Following the transaction, the insider owned 221,918 shares in the company, valued at approximately $9,276,172.40. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David H. Morton, Jr. sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $42.95, for a total transaction of $429,500.00. Following the completion of the transaction, the chief financial officer directly owned 36,855 shares of the company's stock, valued at approximately $1,582,922.25. This trade represents a 21.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,169 shares of company stock worth $4,292,798 over the last 90 days. Corporate insiders own 11.21% of the company's stock.

Institutional Trading of Intapp

Several hedge funds and other institutional investors have recently bought and sold shares of INTA. REAP Financial Group LLC boosted its stake in shares of Intapp by 218.5% during the 2nd quarter. REAP Financial Group LLC now owns 481 shares of the company's stock valued at $25,000 after purchasing an additional 330 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Intapp during the second quarter valued at $31,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Intapp during the 1st quarter valued at $36,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Intapp by 356.0% in the second 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 in the last quarter. Finally, Quarry LP boosted its position in shares of Intapp by 1,155.4% during the 1st quarter. Quarry LP now owns 703 shares of the company's stock valued at $41,000 after acquiring an additional 647 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.