Intapp (NASDAQ:INTA) Rating Lowered to “Strong Sell” at Zacks Research

Intapp (NASDAQ:INTAGet Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.

A number of other brokerages have also recently commented on INTA. Citigroup lifted their price objective on Intapp from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. UBS Group cut their target price on Intapp from $54.00 to $46.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Wall Street Zen cut Intapp from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. JPMorgan Chase & Co. decreased their target price on Intapp from $58.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Finally, Barclays upped their price target on Intapp from $20.00 to $25.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $34.57.

Read Our Latest Research Report on INTA

Intapp Stock Performance

Shares of INTA stock opened at $32.69 on Thursday. Intapp has a 52-week low of $19.01 and a 52-week high of $47.93. The stock has a market cap of $2.52 billion, a PE ratio of -71.06, a PEG ratio of 4.87 and a beta of 0.47. The firm’s 50 day moving average price is $25.56 and its two-hundred day moving average price is $25.91.

Intapp (NASDAQ:INTAGet Free Report) last released its earnings results on Tuesday, May 5th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $146.04 million during the quarter, compared to analyst estimates of $144.32 million. Intapp had a negative net margin of 6.48% and a negative return on equity of 2.28%. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 EPS. Intapp has set its Q4 2026 guidance at 0.360-0.380 EPS and its FY 2026 guidance at 1.220-1.240 EPS. As a group, sell-side analysts predict that Intapp will post -0.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Intapp

In other news, insider Michele Murgel sold 14,591 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $5,845,472.64. This represents a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Investors Weigh In On Intapp

Institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in Intapp by 143.7% during the 3rd 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 during the last quarter. Barclays PLC raised its holdings in shares of Intapp by 1,160.6% in the fourth 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 last quarter. Norges Bank acquired a new stake in shares of Intapp in the fourth quarter valued at approximately $32,302,000. Goldman Sachs Group Inc. lifted its position in shares of Intapp by 103.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,212,052 shares of the company’s stock worth $55,536,000 after purchasing an additional 617,649 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Intapp by 65.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,478,394 shares of the company’s stock worth $67,741,000 after purchasing an additional 582,419 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

Intapp Company Profile

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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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Analyst Recommendations for Intapp (NASDAQ:INTA)

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