Principal Financial Group Inc. Makes New $291,000 Investment in Intapp, Inc. (NASDAQ:INTA)

Principal Financial Group Inc. bought a new position in shares of Intapp, Inc. (NASDAQ:INTA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,539 shares of the company’s stock, valued at approximately $291,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its position in Intapp by 1.1% during the third quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock worth $1,187,000 after acquiring an additional 264 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Intapp by 7.2% during the third quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company’s stock worth $265,000 after buying an additional 373 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of Intapp during the fourth quarter worth about $25,000. Advisors Asset Management Inc. grew its holdings in shares of Intapp by 59.1% during the third quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock worth $67,000 after buying an additional 519 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after buying an additional 527 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insiders Place Their Bets

In other Intapp news, CEO John T. Hall sold 70,986 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the completion of the sale, the chief executive officer now directly owns 5,026,096 shares in the company, valued at $345,946,187.68. The trade was a 1.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thad Jampol sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $67.97, for a total transaction of $1,359,400.00. Following the sale, the insider now owns 798,222 shares of the company’s stock, valued at approximately $54,255,149.34. This represents a 2.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 259,109 shares of company stock worth $17,479,381 over the last ninety days. 13.02% of the stock is owned by company insiders.

Intapp Stock Up 0.1 %

INTA opened at $61.11 on Friday. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $77.74. The company has a 50 day moving average of $67.87 and a two-hundred day moving average of $58.45. The company has a market cap of $4.85 billion, a P/E ratio of -210.72 and a beta of 0.76.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. Research analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current year.

Analyst Ratings Changes

INTA has been the subject of a number of recent research reports. Barclays lifted their price target on shares of Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. UBS Group lifted their price target on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Stifel Nicolaus lifted their price target on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Citigroup reiterated a “neutral” rating and set a $78.00 price target (down from $87.00) on shares of Intapp in a report on Thursday, January 16th. Finally, Piper Sandler restated an “overweight” rating and issued a $71.00 target price (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.45.

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.