Truist Financial Corp Purchases Shares of 5,442 Intapp, Inc. (NASDAQ:INTA)

Truist Financial Corp purchased a new stake in Intapp, Inc. (NASDAQ:INTA) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,442 shares of the company’s stock, valued at approximately $349,000.

Other large investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its position in shares of Intapp by 1.1% in the third quarter. The Manufacturers Life Insurance Company now owns 24,815 shares of the company’s stock valued at $1,187,000 after purchasing an additional 264 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Intapp by 7.2% in the third quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company’s stock valued at $265,000 after purchasing an additional 373 shares during the period. Raleigh Capital Management Inc. bought a new position in shares of Intapp in the fourth quarter valued at about $25,000. Advisors Asset Management Inc. raised its position in shares of Intapp by 59.1% in the third quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock valued at $67,000 after purchasing an additional 519 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after purchasing an additional 527 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Buying and Selling at Intapp

In other Intapp news, insider Thad Jampol sold 20,000 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $61.85, for a total transaction 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 represents a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John T. Hall sold 70,986 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $68.83, for a total value of $4,885,966.38. Following the sale, the chief executive officer now owns 5,026,096 shares in the company, valued at approximately $345,946,187.68. This represents a 1.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 259,109 shares of company stock valued at $17,479,381 over the last three months. 13.02% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

INTA has been the topic of several research analyst reports. Truist Financial increased their price objective on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, December 13th. UBS Group raised their price target on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Citigroup reaffirmed a “neutral” rating and set a $78.00 price target (down from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Finally, Stifel Nicolaus raised their price target on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Intapp currently has a consensus rating of “Moderate Buy” and an average price target of $66.45.

Intapp Stock Performance

Shares of NASDAQ:INTA opened at $63.24 on Wednesday. The company’s 50-day moving average is $68.03 and its 200 day moving average is $58.38. The company has a market capitalization of $5.02 billion, a P/E ratio of -218.06 and a beta of 0.74. Intapp, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $77.74.

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