Intapp, Inc. (NASDAQ:INTA) Stock Position Trimmed by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its position in shares of Intapp, Inc. (NASDAQ:INTA) by 15.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,822 shares of the company’s stock after selling 1,214 shares during the period. PNC Financial Services Group Inc.’s holdings in Intapp were worth $437,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Raleigh Capital Management Inc. acquired a new position in shares of Intapp during the fourth quarter valued at $25,000. Global Retirement Partners LLC acquired a new position in Intapp during the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Intapp during the 4th quarter worth about $32,000. Quest Partners LLC acquired a new stake in shares of Intapp in the 3rd quarter worth approximately $54,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Intapp in the third quarter valued at approximately $64,000. Institutional investors own 89.96% of the company’s stock.

Insider Transactions at Intapp

In other Intapp news, CMO Scott Fitzgerald sold 3,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $64.38, for a total value of $193,140.00. Following the transaction, the chief marketing officer now directly owns 39,212 shares of the company’s stock, valued at $2,524,468.56. This represents a 7.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thad Jampol sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $61.85, for a total value of $1,237,000.00. Following the sale, the insider now directly owns 828,197 shares of the company’s stock, valued at $51,223,984.45. This trade represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 182,865 shares of company stock valued at $11,707,938 over the last three months. 13.02% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on INTA. Truist Financial boosted their target price on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Piper Sandler restated an “overweight” rating and issued a $71.00 price objective (up previously from $60.00) on shares of Intapp in a report on Tuesday, February 4th. Barclays raised their target price on Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Citigroup reissued a “neutral” rating and issued a $78.00 price target (down from $87.00) on shares of Intapp in a report on Thursday, January 16th. Finally, Stifel Nicolaus raised their price objective on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Intapp has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.

Intapp Price Performance

INTA stock opened at $60.23 on Friday. The firm has a market capitalization of $4.78 billion, a P/E ratio of -207.68 and a beta of 0.76. The company’s 50 day simple moving average is $67.01 and its 200-day simple moving average is $59.51. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $77.74.

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

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.