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

by · The Markets Daily

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 note issued on Saturday.

A number of other research firms have also recently weighed in on INTA. Zacks Research cut Intapp from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Barclays upped their price objective on shares of Intapp from $25.00 to $29.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. cut their price objective on Intapp from $58.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Citigroup lifted their target price on shares of Intapp from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, UBS Group dropped their target price on shares of Intapp from $54.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Intapp currently has a consensus rating of “Hold” and an average target price of $37.86.

View Our Latest Research Report on INTA

Intapp Price Performance

INTA stock opened at $40.11 on Friday. The company has a market capitalization of $3.09 billion, a P/E ratio of -77.13, a price-to-earnings-growth ratio of 15.49 and a beta of 0.42. Intapp has a 12 month low of $19.01 and a 12 month high of $47.93. The firm’s fifty day simple moving average is $28.55 and its 200-day simple moving average is $25.70.

Intapp (NASDAQ:INTA – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.05. The firm had revenue of $152.53 million during the quarter, compared to analysts’ expectations of $149.75 million. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.12%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 earnings per share. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. As a group, sell-side analysts forecast that Intapp will post 0.07 earnings per share for the current year.

Insiders Place Their Bets

In other Intapp news, insider Michele Murgel sold 14,591 shares of the business’s stock in a transaction 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 transaction, the insider owned 233,632 shares of the company’s stock, valued at approximately $5,845,472.64. The trade was a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.21% of the company’s stock.

Institutional Trading of Intapp

A number of hedge funds and other institutional investors have recently modified their holdings of INTA. Jennison Associates LLC grew its position in Intapp by 3.7% in the 4th quarter. Jennison Associates LLC now owns 1,831,625 shares of the company’s stock valued at $83,925,000 after buying an additional 65,174 shares during the last quarter. AMS Capital Ltda raised its position in Intapp by 83.6% during the 1st quarter. AMS Capital Ltda now owns 324,186 shares of the company’s stock worth $8,328,000 after buying an additional 147,567 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Intapp by 100.1% in the 1st quarter. Lazard Asset Management LLC now owns 89,968 shares of the company’s stock worth $2,311,000 after acquiring an additional 45,006 shares during the period. Norges Bank acquired a new stake in shares of Intapp in the 4th quarter worth $32,302,000. Finally, Nicholas Company Inc. lifted its stake in shares of Intapp by 16.0% in the 4th quarter. Nicholas Company Inc. now owns 148,124 shares of the company’s stock worth $6,787,000 after acquiring an additional 20,419 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

About Intapp

(Get Free Report)

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.

Featured Articles