Intapp (NASDAQ:INTA) Trading 4.3% Higher

Shares of Intapp, Inc. (NASDAQ:INTA – Get Rating) were up 4.3% during trading on Friday . The stock traded as high as $39.65 and last traded at $39.56. Approximately 37,073 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 335,597 shares. The stock had previously closed at $37.94.

Analyst Ratings Changes

Several equities analysts have recently commented on INTA shares. Oppenheimer boosted their target price on shares of Intapp from $35.00 to $42.00 in a report on Tuesday, May 9th. Truist Financial boosted their target price on Intapp from $32.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, February 7th. Piper Sandler boosted their target price on Intapp from $34.00 to $47.00 in a research report on Tuesday, May 9th. VNET Group reiterated a “maintains” rating on shares of Intapp in a report on Tuesday, May 9th. Finally, Raymond James boosted their price target on Intapp from $25.00 to $34.00 and gave the company an “outperform” rating in a report on Tuesday, February 7th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Intapp currently has a consensus rating of “Buy” and an average target price of $41.50.

Intapp Stock Up 3.6 %

The company has a market cap of $2.57 billion, a P/E ratio of -30.11 and a beta of 0.62. The business’s 50 day moving average is $42.40 and its 200 day moving average is $33.67.

Insider Buying and Selling

In related news, CEO John T. Hall sold 29,409 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $39.05, for a total value of $1,148,421.45. Following the completion of the transaction, the chief executive officer now owns 5,011,194 shares of the company’s stock, valued at $195,687,125.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO John T. Hall sold 29,409 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $39.05, for a total value of $1,148,421.45. Following the completion of the transaction, the chief executive officer now owns 5,011,194 shares of the company’s stock, valued at $195,687,125.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Scott Fitzgerald sold 18,736 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $45.23, for a total value of $847,429.28. Following the transaction, the chief marketing officer now directly owns 14,258 shares in the company, valued at $644,889.34. The disclosure for this sale can be found here. Insiders sold 3,350,336 shares of company stock valued at $119,013,264 over the last 90 days. Corporate insiders own 48.61% of the company’s stock.

Institutional Investors Weigh In On Intapp

A number of large investors have recently made changes to their positions in the stock. FMR LLC boosted its holdings in Intapp by 0.9% in the first quarter. FMR LLC now owns 3,898,837 shares of the company’s stock valued at $174,824,000 after purchasing an additional 34,158 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Intapp by 18.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,642,363 shares of the company’s stock worth $30,662,000 after acquiring an additional 257,584 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Intapp by 18.2% during the 1st quarter. BlackRock Inc. now owns 1,192,545 shares of the company’s stock worth $53,474,000 after acquiring an additional 183,768 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Intapp by 9.7% during the 1st quarter. Jennison Associates LLC now owns 592,434 shares of the company’s stock worth $26,565,000 after acquiring an additional 52,562 shares in the last quarter. Finally, Federated Hermes Inc. purchased a new stake in shares of Intapp during the 1st quarter worth about $22,484,000. 80.83% of the stock is owned by hedge funds and other institutional investors.

About Intapp

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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. The company's 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; and OnePlace, a solution to manage various aspects of professional services firms' client and engagement lifecycle.