Intapp’s (INTA) “Overweight” Rating Reaffirmed at Piper Sandler

Piper Sandler reissued their overweight rating on shares of Intapp (NASDAQ:INTA) in a research note published on Wednesday morning, Benzinga reports. Piper Sandler currently has a $46.00 price target on the stock.

A number of other brokerages have also recently issued reports on INTA. Stifel Nicolaus cut their price objective on Intapp from $47.00 to $45.00 and set a buy rating for the company in a report on Wednesday, April 24th. Citigroup cut their price objective on Intapp from $52.00 to $50.00 and set a buy rating for the company in a report on Friday, June 28th. BTIG Research lowered their target price on Intapp from $55.00 to $50.00 and set a buy rating for the company in a research note on Wednesday, May 8th. Oppenheimer restated a market perform rating on shares of Intapp in a research note on Monday, July 8th. Finally, Bank of America lowered their target price on Intapp from $52.00 to $48.00 and set a buy rating for the company in a research note on Wednesday. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Intapp has a consensus rating of Moderate Buy and an average target price of $47.11.

Intapp Stock Performance

Shares of NASDAQ INTA traded up $2.28 during midday trading on Wednesday, reaching $40.63. 514,306 shares of the company traded hands, compared to its average volume of 621,669. The firm has a market cap of $2.98 billion, a PE ratio of -62.87 and a beta of 0.61. The stock’s 50-day simple moving average is $35.02 and its 200-day simple moving average is $35.74. Intapp has a 12 month low of $30.36 and a 12 month high of $45.43.

Insiders Place Their Bets

In other Intapp news, insider Michele Murgel sold 4,224 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $36.88, for a total transaction of $155,781.12. Following the completion of the sale, the insider now directly owns 171,947 shares of the company’s stock, valued at approximately $6,341,405.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Intapp news, COO Donald F. Coleman sold 5,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $35.37, for a total transaction of $176,850.00. Following the completion of the sale, the chief operating officer now directly owns 648,411 shares of the company’s stock, valued at approximately $22,934,297.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michele Murgel sold 4,224 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $36.88, for a total value of $155,781.12. Following the sale, the insider now directly owns 171,947 shares of the company’s stock, valued at $6,341,405.36. The disclosure for this sale can be found here. In the last three months, insiders sold 49,224 shares of company stock valued at $1,733,631. 36.56% of the stock is currently owned by insiders.

Institutional Trading of Intapp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. J.Safra Asset Management Corp increased its stake in shares of Intapp by 634.0% in the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company’s stock valued at $26,000 after acquiring an additional 615 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Intapp by 239.1% in the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company’s stock valued at $28,000 after acquiring an additional 581 shares during the last quarter. Blue Trust Inc. bought a new stake in shares of Intapp in the 2nd quarter valued at about $30,000. Comerica Bank increased its stake in shares of Intapp by 218.4% in the 1st quarter. Comerica Bank now owns 1,261 shares of the company’s stock valued at $43,000 after acquiring an additional 865 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of Intapp by 164.6% in the 4th quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock valued at $50,000 after acquiring an additional 815 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

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.