Intapp (NASDAQ:INTA) Price Target Increased to $50.00 by Analysts at UBS Group

Intapp (NASDAQ:INTA) had its price objective hoisted by equities research analysts at UBS Group from $49.00 to $50.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 47.06% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Oppenheimer reissued a “market perform” rating on shares of Intapp in a report on Monday, July 8th. Stifel Nicolaus cut their price target on Intapp from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Bank of America decreased their price objective on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday. BTIG Research cut their target price on Intapp from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Finally, Citigroup decreased their price target on shares of Intapp from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, June 28th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.67.

Intapp Price Performance

Shares of Intapp stock opened at $34.00 on Wednesday. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of -55.74 and a beta of 0.61. The firm’s 50-day moving average is $34.95 and its two-hundred day moving average is $35.72. Intapp has a 1 year low of $30.36 and a 1 year high of $45.43.

Insider Transactions at Intapp

In related news, COO Donald F. Coleman sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $35.37, for a total value of $176,850.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Donald F. Coleman sold 5,000 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $35.37, for a total value of $176,850.00. Following the transaction, the chief operating officer now directly owns 648,411 shares of the company’s stock, valued at approximately $22,934,297.07. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thad Jampol sold 15,000 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $34.67, for a total value of $520,050.00. Following the completion of the transaction, the insider now owns 749,652 shares of the company’s stock, valued at approximately $25,990,434.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,224 shares of company stock worth $1,733,631. Insiders own 36.56% of the company’s stock.

Hedge Funds Weigh In On Intapp

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Intapp by 42.7% during the 1st quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock valued at $172,002,000 after acquiring an additional 1,501,091 shares during the period. Trexquant Investment LP purchased a new stake in shares of Intapp in the fourth quarter valued at approximately $1,616,000. Clearbridge Investments LLC acquired a new position in shares of Intapp during the 1st quarter worth approximately $16,156,000. Jane Street Group LLC lifted its position in shares of Intapp by 766.2% during the 1st quarter. Jane Street Group LLC now owns 166,456 shares of the company’s stock valued at $5,709,000 after buying an additional 147,240 shares in the last quarter. Finally, TD Asset Management Inc grew its stake in Intapp by 498.3% in the 4th quarter. TD Asset Management Inc now owns 45,090 shares of the company’s stock valued at $1,714,000 after acquiring an additional 37,554 shares during the period. 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.