Wall Street Zen Upgrades Intapp (NASDAQ:INTA) to "Buy"

Key Points

• Intapp (NASDAQ: INTA) has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, highlighting positive analyst sentiment toward the stock.
• Other research firms have varied in their assessments, with Barclays raising their price objective to $47.00, while UBS Group decreased their target from $83.00 to $72.00, indicating mixed views on Intapp's market position.
• Intapp's recent quarterly earnings reported an EPS of $0.27, exceeding expectations, and the company has initiated a share buyback plan for up to $150 million, suggesting confidence in its stock valuation.

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

INTA has been the topic of a number of other reports. Stifel Nicolaus dropped their price objective on shares of Intapp from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, July 8th. Piper Sandler upgraded shares of Intapp to a "neutral" rating and set a $55.00 price target on the stock in a research note on Tuesday, June 24th. Barclays boosted their price target on shares of Intapp from $44.00 to $47.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 13th. Citigroup dropped their price target on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 16th. Finally, UBS Group dropped their price target on shares of Intapp from $83.00 to $72.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $60.63.

Intapp Stock Up 0.9%

INTA traded up $0.41 on Friday, reaching $45.33. The company had a trading volume of 398,644 shares, compared to its average volume of 838,310. Intapp has a 1 year low of $35.51 and a 1 year high of $77.74. The stock has a market capitalization of $3.72 billion, a PE ratio of -188.88, a P/E/G ratio of 19.14 and a beta of 0.74. The stock has a 50-day moving average price of $42.72 and a 200-day moving average price of $50.93.

Intapp (NASDAQ:INTA - Get Free Report) 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 company 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%. Intapp's quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the business 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. As a group, analysts expect that Intapp will post -0.14 earnings per share for the current fiscal year.

Intapp declared that its Board of Directors has authorized a stock repurchase program on Tuesday, August 12th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 5.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Insider Activity at Intapp

In other Intapp news, insider Thad Jampol sold 6,184 shares of the company's 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 transaction, the insider directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michele Murgel sold 5,425 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $42.06, for a total transaction of $228,175.50. Following the transaction, the insider owned 224,522 shares in the company, valued at $9,443,395.32. The trade was a 2.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,169 shares of company stock valued at $4,292,798 in the last ninety days. Company insiders own 13.02% of the company's stock.

Institutional Trading of Intapp

Institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Intapp by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 455,085 shares of the company's stock valued at $26,568,000 after purchasing an additional 6,419 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Intapp in the first quarter valued at about $924,000. Thoroughbred Financial Services LLC lifted its holdings in shares of Intapp by 128.0% in the first quarter. Thoroughbred Financial Services LLC now owns 13,768 shares of the company's stock valued at $803,000 after purchasing an additional 7,729 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Intapp in the first quarter valued at about $756,000. Finally, Rhumbline Advisers lifted its holdings in shares of Intapp by 7.2% in the first quarter. Rhumbline Advisers now owns 78,398 shares of the company's stock valued at $4,577,000 after purchasing an additional 5,257 shares in the last quarter. Hedge funds and other 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.