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

Intapp (NASDAQ:INTA) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other analysts have also issued reports on INTA. Barclays boosted their target price on shares of Intapp from $20.00 to $25.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Wall Street Zen cut shares of Intapp from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. JPMorgan Chase & Co. cut their price objective on shares of Intapp from $58.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. UBS Group reduced their price objective on Intapp from $54.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Intapp in a report on Friday, June 5th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Intapp currently has an average rating of “Hold” and an average target price of $34.57.

Intapp Stock Up 1.9%

Intapp stock opened at $32.69 on Thursday. The business has a 50-day simple moving average of $25.56 and a two-hundred day simple moving average of $25.91. The company has a market cap of $2.52 billion, a P/E ratio of -71.06, a P/E/G ratio of 4.87 and a beta of 0.47. Intapp has a 52-week low of $19.01 and a 52-week high of $47.93.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Intapp had a negative net margin of 6.48% and a negative return on equity of 2.28%. The firm had revenue of $146.04 million during the quarter, compared to analyst estimates 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. Research analysts anticipate that Intapp will post -0.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other Intapp news, insider Michele Murgel sold 14,591 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $25.02, for a total value of $365,066.82. Following the completion of the transaction, the insider directly owned 233,632 shares in the company, valued at $5,845,472.64. This 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 through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.21% of the stock is owned by corporate insiders.

Institutional Trading of Intapp

Several institutional investors and hedge funds have recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in shares of Intapp by 60.9% during the 1st quarter. AQR Capital Management LLC now owns 30,969 shares of the company’s stock valued at $1,808,000 after buying an additional 11,719 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Intapp by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,737 shares of the company’s stock worth $1,853,000 after buying an additional 1,379 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Intapp by 2.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,511 shares of the company’s stock worth $16,318,000 after buying an additional 6,210 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Intapp by 208.0% during the second quarter. Russell Investments Group Ltd. now owns 1,848 shares of the company’s stock valued at $95,000 after acquiring an additional 1,248 shares during the period. Finally, Marshall Wace LLP bought a new stake in Intapp during the second quarter valued at about $693,000. 89.96% of the stock is currently owned by institutional investors.

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.