Intapp (NASDAQ:INTA) PT Raised to $44.00 at Barclays

Intapp (NASDAQ:INTA) had its price target raised by Barclays from $42.00 to $44.00 in a report released on Wednesday, Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other equities research analysts have also commented on INTA. BTIG Research reduced their price target on shares of Intapp from $55.00 to $50.00 and set a buy rating for the company in a report on Wednesday, May 8th. UBS Group raised their price objective on Intapp from $49.00 to $50.00 and gave the stock a buy rating in a research report on Wednesday. Citigroup reduced their target price on Intapp from $52.00 to $50.00 and set a buy rating for the company in a research note on Friday, June 28th. Stifel Nicolaus reduced their target price on Intapp from $47.00 to $45.00 and set a buy rating for the company in a research note on Wednesday, April 24th. Finally, Oppenheimer restated a market perform rating on shares of Intapp in a research note on Monday, July 8th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $47.11.

Intapp Price Performance

Shares of NASDAQ:INTA traded up $1.66 during trading hours on Wednesday, hitting $40.01. The company’s stock had a trading volume of 406,992 shares, compared to its average volume of 620,985. Intapp has a 52 week low of $30.36 and a 52 week high of $45.43. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of -62.87 and a beta of 0.61. The firm’s fifty day moving average price is $35.02 and its 200 day moving average price is $35.74.

Insider Buying and Selling

In other news, insider Thad Jampol sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $34.67, for a total transaction of $520,050.00. Following the transaction, the insider now directly owns 749,652 shares in the company, valued at approximately $25,990,434.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Thad Jampol sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $34.67, for a total transaction of $520,050.00. Following the transaction, the insider now directly owns 749,652 shares in the company, valued at approximately $25,990,434.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 value of $155,781.12. Following the transaction, the insider now owns 171,947 shares in the company, valued at $6,341,405.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,224 shares of company stock worth $1,733,631. Insiders own 36.56% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in INTA. J.Safra Asset Management Corp raised its position in Intapp by 634.0% in the second quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after purchasing an additional 615 shares during the period. Advisors Asset Management Inc. increased its position in shares of Intapp by 239.1% during the first quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock worth $28,000 after acquiring an additional 581 shares during the period. Blue Trust Inc. purchased a new stake in shares of Intapp during the second quarter worth $30,000. Comerica Bank increased its position in shares of Intapp by 218.4% during the first quarter. Comerica Bank now owns 1,261 shares of the company’s stock worth $43,000 after acquiring an additional 865 shares during the period. Finally, Assetmark Inc. increased its position in shares of Intapp by 164.6% during the fourth quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock worth $50,000 after acquiring an additional 815 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Intapp Company Profile

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.