PNC Financial Services Group Inc. Buys 3,931 Shares of Intapp, Inc. (NASDAQ:INTA)

PNC Financial Services Group Inc. raised its stake in Intapp, Inc. (NASDAQ:INTAFree Report) by 160.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,376 shares of the company’s stock after acquiring an additional 3,931 shares during the period. PNC Financial Services Group Inc.’s holdings in Intapp were worth $242,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of INTA. Ellsworth Advisors LLC increased its holdings in shares of Intapp by 3.0% in the fourth quarter. Ellsworth Advisors LLC now owns 8,821 shares of the company’s stock worth $335,000 after purchasing an additional 255 shares during the last quarter. Keybank National Association OH raised its holdings in shares of Intapp by 7.1% during the 3rd quarter. Keybank National Association OH now owns 8,257 shares of the company’s stock worth $277,000 after acquiring an additional 544 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Intapp by 0.5% during the 3rd quarter. Nordea Investment Management AB now owns 130,893 shares of the company’s stock valued at $4,417,000 after acquiring an additional 641 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Intapp by 30.5% in the third quarter. Amalgamated Bank now owns 3,033 shares of the company’s stock valued at $102,000 after purchasing an additional 708 shares in the last quarter. Finally, Spouting Rock Asset Management LLC increased its position in Intapp by 10.4% in the third quarter. Spouting Rock Asset Management LLC now owns 11,327 shares of the company’s stock worth $380,000 after purchasing an additional 1,065 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insider Activity at Intapp

In other Intapp news, Director George R. Neble sold 1,500 shares of the company’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $31.38, for a total value of $47,070.00. Following the transaction, the director now directly owns 29,047 shares in the company, valued at approximately $911,494.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Intapp news, Director George R. Neble sold 1,500 shares of the company’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total value of $47,070.00. Following the completion of the sale, the director now directly owns 29,047 shares in the company, valued at approximately $911,494.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Thad Jampol sold 20,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $35.26, for a total value of $705,200.00. Following the transaction, the insider now directly owns 727,759 shares in the company, valued at approximately $25,660,782.34. The disclosure for this sale can be found here. Insiders sold 35,724 shares of company stock worth $1,226,751 in the last 90 days. 36.56% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on INTA. Stifel Nicolaus lowered their price objective on shares of Intapp from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. BTIG Research dropped their price target on Intapp from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Citigroup decreased their price objective on Intapp from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Oppenheimer dropped their target price on Intapp from $50.00 to $42.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Finally, Piper Sandler decreased their price target on Intapp from $52.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, May 10th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Intapp presently has an average rating of “Buy” and an average price target of $46.13.

Get Our Latest Stock Analysis on INTA

Intapp Stock Performance

INTA opened at $35.05 on Friday. The stock’s 50 day moving average price is $33.79 and its 200-day moving average price is $37.15. Intapp, Inc. has a one year low of $30.36 and a one year high of $50.46. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of -57.46 and a beta of 0.61.

Intapp (NASDAQ:INTAGet Free Report) last released its earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, topping 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%. As a group, analysts predict that Intapp, Inc. will post -0.37 earnings per share for the current fiscal year.

About Intapp

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Intapp (NASDAQ:INTA)

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