Intapp (NASDAQ:INTA) Price Target Raised to $50.00

Intapp (NASDAQ:INTA) had its price objective boosted by investment analysts at UBS Group from $49.00 to $50.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 47.06% from the company’s previous close.

Other equities analysts have also issued reports about the stock. BTIG Research lowered their target price on shares of Intapp from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Stifel Nicolaus lowered their price objective on shares of Intapp from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Bank of America reduced their target price on shares of Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday. Oppenheimer reissued a “market perform” rating on shares of Intapp in a report on Monday, July 8th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $46.00 price objective on shares of Intapp in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $46.67.

Intapp Stock Up 4.2 %

Shares of NASDAQ INTA opened at $34.00 on Wednesday. The business has a 50-day moving average price of $34.95 and a 200 day moving average price of $35.72. The stock has a market cap of $2.50 billion, a PE ratio of -55.74 and a beta of 0.61. Intapp has a 52-week low of $30.36 and a 52-week high of $45.43.

Insider Activity at Intapp

In other Intapp news, insider Michele Murgel sold 4,224 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $36.88, for a total transaction of $155,781.12. Following the transaction, the insider now owns 171,947 shares in the company, valued at approximately $6,341,405.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Intapp news, insider Michele Murgel sold 4,224 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $36.88, for a total transaction of $155,781.12. Following the sale, the insider now directly owns 171,947 shares in the company, valued at approximately $6,341,405.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Donald F. Coleman sold 5,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $36.49, for a total transaction of $182,450.00. Following the completion of the transaction, the chief operating officer now owns 648,411 shares of the company’s stock, valued at approximately $23,660,517.39. The disclosure for this sale can be found here. Insiders sold a total of 49,224 shares of company stock worth $1,733,631 over the last 90 days. Company insiders own 36.56% of the company’s stock.

Institutional Investors Weigh In On Intapp

Several institutional investors have recently modified their holdings of INTA. Sei Investments Co. raised its holdings in Intapp by 64.6% during the second quarter. Sei Investments Co. now owns 22,808 shares of the company’s stock worth $836,000 after purchasing an additional 8,950 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Intapp in the second quarter valued at $246,000. Hsbc Holdings PLC acquired a new position in shares of Intapp during the 2nd quarter worth $763,000. Dimensional Fund Advisors LP boosted its position in shares of Intapp by 18.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 686,496 shares of the company’s stock worth $25,173,000 after buying an additional 106,668 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in Intapp by 9.8% in the 2nd quarter. Federated Hermes Inc. now owns 7,805 shares of the company’s stock valued at $286,000 after acquiring an additional 694 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

About Intapp

Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.