Intapp (NASDAQ:INTA) Upgraded by Wall Street Zen to "Buy" Rating

Key Points

• Wall Street Zen upgraded Intapp to “Buy” from “Hold,” while the broader analyst consensus remains “Hold” with an average price target of $37.86.
• Intapp reported quarterly EPS of $0.41, exceeding the $0.36 consensus estimate, while revenue reached $152.53 million, up 13% year over year and above expectations.
• Intapp shares opened at $40.11, down 2.2%, with the stock trading between a 12-month low of $19.01 and high of $47.93; institutional investors own nearly 90% of outstanding shares.

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

A number of other equities analysts also recently issued reports on INTA. UBS Group lowered their price objective on Intapp from $54.00 to $46.00 and set a "buy" rating for the company in a research report on Thursday, April 23rd. Piper Sandler upped their target price on Intapp from $25.00 to $34.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Barclays increased their target price on shares of Intapp from $25.00 to $29.00 and gave the company an "underweight" rating in a research report on Wednesday, August 5th. Truist Financial raised their price target on shares of Intapp from $35.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Intapp from $58.00 to $47.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Intapp presently has a consensus rating of "Hold" and an average price target of $37.86.

Intapp Stock Down 2.2%

NASDAQ INTA opened at $40.11 on Friday. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of -77.13, a PEG ratio of 15.84 and a beta of 0.42. Intapp has a twelve month low of $19.01 and a twelve month high of $47.93. The stock has a fifty day simple moving average of $28.55 and a 200 day simple moving average of $25.79.

Intapp (NASDAQ:INTA - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.36 by $0.05. Intapp had a negative return on equity of 3.12% and a negative net margin of 7.15%.The firm had revenue of $152.53 million for the quarter, compared to the consensus estimate of $149.75 million. During the same period in the previous year, the business earned $0.27 EPS. The business's quarterly revenue was up 13.0% compared to the same quarter last year. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. Research analysts expect that Intapp will post 0.07 earnings per share for the current fiscal year.

Insider Activity at Intapp

In related news, insider Michele Murgel sold 14,591 shares of the firm's stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $25.02, for a total transaction of $365,066.82. Following the completion of the sale, the insider owned 233,632 shares of the company's stock, valued at $5,845,472.64. This trade represents a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.21% of the stock is currently owned by insiders.

Institutional Trading of Intapp

Several large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Intapp during the 2nd quarter valued at $133,660,000. Wellington Management Group LLP boosted its stake in Intapp by 143.7% during the third quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company's stock worth $77,365,000 after acquiring an additional 1,115,392 shares in the last quarter. Barclays PLC grew its holdings in Intapp by 1,160.6% in the fourth quarter. Barclays PLC now owns 1,094,989 shares of the company's stock worth $50,172,000 after purchasing an additional 1,008,128 shares during the period. Norges Bank acquired a new stake in shares of Intapp in the 4th quarter valued at about $32,302,000. Finally, Goldman Sachs Group Inc. grew its stake in Intapp by 103.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,212,052 shares of the company's stock valued at $55,536,000 after acquiring an additional 617,649 shares during the period. Institutional investors and hedge funds own 89.96% of the company's stock.

Intapp Company Profile

Intapp, Inc, headquartered in Palo Alto, California, is a leading provider of cloud-based software solutions designed to meet the unique needs of professional services firms, including law firms, accounting practices, and financial institutions. The company's integrated platform connects front-office business development with back-office risk and compliance functions, enabling organizations to streamline workflows, improve collaboration and enhance client service.

Intapp's suite of applications—such as Intake, Conflicts, Risk, Open, Time and Flow—addresses the entire client lifecycle.

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