Intapp (NASDAQ:INTA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Intapp (NASDAQ:INTA) from a hold rating to a buy rating in a report published on Saturday morning.

Other equities research analysts have also issued research reports about the stock. Truist Financial upped their price target on shares of Intapp from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Zacks Research downgraded shares of Intapp from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Barclays boosted 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. Piper Sandler upped their target price on shares of Intapp from $25.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, UBS Group decreased their price target on shares of Intapp from $54.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $37.86.

Intapp Price Performance

Shares of INTA opened at $38.49 on Friday. Intapp has a one year low of $19.01 and a one year high of $47.93. The firm has a market capitalization of $2.96 billion, a P/E ratio of -74.02, a PEG ratio of 15.49 and a beta of 0.42. The business has a fifty day moving average of $28.84 and a 200 day moving average of $25.71.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The company had revenue of $152.53 million during the quarter, compared to analysts’ expectations of $149.75 million. Intapp had a negative return on equity of 3.12% and a negative net margin of 7.15%.Intapp’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. Analysts expect that Intapp will post 0.07 EPS for the current fiscal year.

Insider Activity

In related news, insider Michele Murgel sold 14,591 shares of the business’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 transaction, the insider directly owned 233,632 shares in the company, valued at approximately $5,845,472.64. The trade was a 5.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.21% of the company’s stock.

Institutional Investors Weigh In On Intapp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INTA. BlackRock Inc. bought a new position in shares of Intapp in the second quarter worth approximately $133,660,000. Bamco Inc. NY purchased a new stake in shares of Intapp in the second quarter worth $50,184,000. Wellington Management Group LLP increased its stake in shares of Intapp by 143.7% in the third quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company’s stock worth $77,365,000 after purchasing an additional 1,115,392 shares in the last quarter. Barclays PLC raised its position in shares of Intapp by 1,160.6% during the 4th quarter. Barclays PLC now owns 1,094,989 shares of the company’s stock valued at $50,172,000 after purchasing an additional 1,008,128 shares during the period. Finally, Praesidium Investment Management Company LLC bought a new stake in shares of Intapp during the 2nd quarter valued at $19,761,311,000. Institutional investors 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.