Citigroup Raises Intapp (NASDAQ:INTA) Price Target to $52.00

Intapp (NASDAQ:INTA) had its target price upped by equities researchers at Citigroup from $50.00 to $52.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 34.16% from the company’s current price.

Other equities analysts have also issued research reports about the stock. BTIG Research reduced their target price on shares of Intapp from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. UBS Group lifted their target price on shares of Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday. Stifel Nicolaus reduced their target price on shares of Intapp from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Oppenheimer reiterated a “market perform” rating on shares of Intapp in a report on Monday, July 8th. Finally, Barclays boosted their price objective on shares of Intapp from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.11.

Intapp Stock Up 14.0 %

Shares of NASDAQ INTA traded up $4.76 during trading on Wednesday, hitting $38.76. 1,121,374 shares of the company traded hands, compared to its average volume of 607,080. Intapp has a 1 year low of $30.36 and a 1 year high of $45.43. The company has a 50-day moving average price of $34.95 and a 200-day moving average price of $35.72. The firm has a market capitalization of $2.85 billion, a P/E ratio of -63.54 and a beta of 0.61.

Insiders Place Their Bets

In other Intapp news, insider Michele Murgel sold 4,224 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $36.88, for a total value of $155,781.12. Following the completion of 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 SEC, which is available through the SEC website. In related news, insider Thad Jampol sold 15,000 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $34.67, for a total transaction of $520,050.00. Following the completion of the sale, the insider now directly owns 749,652 shares of the company’s stock, valued at $25,990,434.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michele Murgel sold 4,224 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $6,341,405.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,224 shares of company stock worth $1,733,631. Insiders own 36.56% of the company’s stock.

Institutional Investors Weigh In On Intapp

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Intapp by 42.7% in the 1st quarter. Vanguard Group Inc. now owns 5,014,640 shares of the company’s stock valued at $172,002,000 after buying an additional 1,501,091 shares during the period. Trexquant Investment LP acquired a new position in shares of Intapp during the 4th quarter worth $1,616,000. Clearbridge Investments LLC acquired a new position in shares of Intapp during the 1st quarter worth $16,156,000. Jane Street Group LLC increased its stake 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 worth $5,709,000 after purchasing an additional 147,240 shares during the last quarter. Finally, TD Asset Management Inc increased its stake in shares of Intapp by 498.3% during the 4th quarter. TD Asset Management Inc now owns 45,090 shares of the company’s stock worth $1,714,000 after purchasing an additional 37,554 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.