PNC Financial Services Group Inc. Sells 1,214 Shares of Intapp, Inc. (NASDAQ:INTA)

PNC Financial Services Group Inc. reduced its stake in shares of Intapp, Inc. (NASDAQ:INTA) by 15.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,822 shares of the company’s stock after selling 1,214 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Intapp were worth $437,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in INTA. Luxor Capital Group LP bought a new stake in shares of Intapp during the 3rd quarter worth $47,837,000. FMR LLC lifted its position in Intapp by 7.8% during the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after acquiring an additional 411,434 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in Intapp by 29.9% during the third quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock valued at $71,392,000 after acquiring an additional 343,275 shares during the period. Praesidium Investment Management Company LLC grew its position in shares of Intapp by 15.3% in the third quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock valued at $92,316,000 after purchasing an additional 256,327 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Intapp in the fourth quarter worth about $12,870,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Intapp Stock Performance

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

Intapp (NASDAQ:INTA) last released its quarterly earnings data 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 net margin of 4.78% and a negative return on equity of 1.86%. On average, equities analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Raymond James restated a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Piper Sandler restated an “overweight” rating and issued a $71.00 price objective (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Barclays upped their target price on shares of Intapp from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Truist Financial raised their price target on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus upped 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.

Insider Buying and Selling at Intapp

In other news, insider Thad Jampol sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 828,197 shares of the company’s stock, valued at approximately $51,223,984.45. This trade represents a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO David H. Morton, Jr. sold 5,445 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total value of $374,779.35. Following the completion of the transaction, the chief financial officer now directly owns 38,996 shares in the company, valued at $2,684,094.68. The trade was a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 182,865 shares of company stock worth $11,707,938 over the last three months. Company insiders own 13.02% of the company’s stock.

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.