Teachers Retirement System of The State of Kentucky Sells 3,007 Shares of Intapp, Inc. (NASDAQ:INTA)

Teachers Retirement System of The State of Kentucky lowered its stake in Intapp, Inc. (NASDAQ:INTA) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,164 shares of the company’s stock after selling 3,007 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Intapp were worth $1,109,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Assetmark Inc. lifted its position in shares of Intapp by 164.6% in the 4th quarter. Assetmark Inc. now owns 1,310 shares of the company’s stock worth $50,000 after purchasing an additional 815 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Intapp by 81,400.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,445 shares of the company’s stock worth $82,000 after acquiring an additional 2,442 shares during the period. Amalgamated Bank raised its position in shares of Intapp by 30.5% in the 4th quarter. Amalgamated Bank now owns 3,957 shares of the company’s stock worth $150,000 after acquiring an additional 924 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Intapp by 25.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,419 shares of the company’s stock valued at $206,000 after purchasing an additional 1,098 shares during the period. Finally, Strs Ohio purchased a new position in shares of Intapp in the 4th quarter valued at approximately $212,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

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 transaction of $176,850.00. Following the transaction, the chief operating officer now owns 648,411 shares in the company, valued at $22,934,297.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Thad Jampol sold 15,000 shares of Intapp 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 sale, the insider now owns 749,652 shares of the company’s stock, valued at $25,990,434.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Donald F. Coleman sold 5,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $22,934,297.07. The disclosure for this sale can be found here. Insiders sold 55,724 shares of company stock worth $1,923,651 over the last three months. 36.56% of the stock is currently owned by company insiders.

Intapp Stock Up 1.6 %

Shares of NASDAQ INTA opened at $34.20 on Monday. The company has a 50 day moving average of $34.25 and a 200 day moving average of $36.85. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $49.27. The firm has a market cap of $2.51 billion, a P/E ratio of -56.06 and a beta of 0.61.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.10. Intapp had a negative return on equity of 9.08% and a negative net margin of 10.44%. The firm had revenue of $110.64 million for the quarter, compared to the consensus estimate of $108.18 million. As a group, equities analysts expect that Intapp, Inc. will post -0.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

INTA has been the subject of a number of research reports. BTIG Research decreased their price objective on Intapp from $55.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Piper Sandler dropped their price objective on shares of Intapp from $52.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, May 10th. Barclays decreased their target price on shares of Intapp from $47.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, April 11th. Citigroup dropped their price target on Intapp from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Finally, Oppenheimer reduced their price objective on Intapp from $50.00 to $42.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Intapp has an average rating of “Buy” and an average target price of $46.13.

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.