Intapp (NASDAQ:INTA) Downgraded by Zacks Research to “Strong Sell”

Zacks Research cut shares of Intapp (NASDAQ:INTA) from a hold rating to a strong sell rating in a research report report published on Thursday morning,Zacks.com reports.

A number of other research analysts have also weighed in on INTA. UBS Group reduced their price objective on shares of Intapp from $54.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. JPMorgan Chase & Co. reduced their target price on Intapp from $58.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Intapp in a research note on Friday, June 5th. Citigroup upped their price target on shares of Intapp from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Wall Street Zen cut Intapp from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Intapp currently has an average rating of “Hold” and a consensus target price of $34.57.

Intapp Trading Up 1.9%

Shares of NASDAQ INTA opened at $32.69 on Thursday. The stock has a fifty day simple moving average of $25.56 and a two-hundred day simple moving average of $25.91. Intapp has a 1-year low of $19.01 and a 1-year high of $47.93. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of -71.06, a price-to-earnings-growth ratio of 4.87 and a beta of 0.47.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Intapp had a negative return on equity of 2.28% and a negative net margin of 6.48%.The firm had revenue of $146.04 million for the quarter, compared to analysts’ expectations of $144.32 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. Intapp has set its Q4 2026 guidance at 0.360-0.380 EPS and its FY 2026 guidance at 1.220-1.240 EPS. Analysts forecast that Intapp will post -0.06 EPS for the current year.

Insiders Place Their Bets

In other news, insider Michele Murgel sold 14,591 shares of Intapp stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $25.02, for a total value of $365,066.82. Following the sale, the insider directly owned 233,632 shares in the company, valued at approximately $5,845,472.64. This trade represents a 5.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Investors Weigh In On Intapp

A number of large investors have recently modified their holdings of INTA. Wellington Management Group LLP lifted its stake in shares of Intapp by 143.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company’s stock valued at $77,365,000 after purchasing an additional 1,115,392 shares during the period. Barclays PLC grew its stake in shares of Intapp by 1,160.6% in the 4th quarter. Barclays PLC now owns 1,094,989 shares of the company’s stock worth $50,172,000 after buying an additional 1,008,128 shares during the last quarter. Norges Bank bought a new position in Intapp during the 4th quarter valued at approximately $32,302,000. Goldman Sachs Group Inc. increased its position in Intapp by 103.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,212,052 shares of the company’s stock valued at $55,536,000 after buying an additional 617,649 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Intapp by 65.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,478,394 shares of the company’s stock valued at $67,741,000 after buying an additional 582,419 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

About Intapp

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.