Truist Financial Corp Takes $349,000 Position in Intapp, Inc. (NASDAQ:INTA)

Truist Financial Corp bought a new stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,442 shares of the company's stock, valued at approximately $349,000.

A number of other hedge funds also recently made changes to their positions in the stock. Principal Financial Group Inc. bought a new stake in shares of Intapp during the 4th quarter worth $291,000. State of New Jersey Common Pension Fund D bought a new stake in Intapp during the fourth quarter worth about $2,324,000. Allworth Financial LP lifted its stake in Intapp by 11,650.0% during the fourth quarter. Allworth Financial LP now owns 2,115 shares of the company's stock worth $147,000 after purchasing an additional 2,097 shares during the last quarter. Rhumbline Advisers lifted its position in Intapp by 36.0% in the 4th quarter. Rhumbline Advisers now owns 73,141 shares of the company's stock worth $4,688,000 after buying an additional 19,359 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in Intapp by 46.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 71,116 shares of the company's stock worth $4,644,000 after buying an additional 22,411 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Michele Murgel sold 4,632 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $64.54, for a total value of $298,949.28. Following the completion of the transaction, the insider now owns 213,794 shares of the company's stock, valued at approximately $13,798,264.76. This represents a 2.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David H. Morton, Jr. sold 3,349 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $64.54, for a total value of $216,144.46. Following the completion of the transaction, the chief financial officer now directly owns 31,656 shares of the company's stock, valued at $2,043,078.24. This represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 259,109 shares of company stock valued at $17,479,381 over the last three months. Corporate insiders own 13.02% of the company's stock.

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Intapp Stock Performance

Shares of Intapp stock traded up $0.07 during midday trading on Friday, reaching $61.11. 512,499 shares of the company's stock traded hands, compared to its average volume of 715,370. The company has a market cap of $4.85 billion, a PE ratio of -210.72 and a beta of 0.76. The stock has a 50 day moving average of $67.87 and a 200-day moving average of $58.45. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported ($0.08) 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%. On average, equities analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on INTA. Citigroup restated a "neutral" rating and issued a $78.00 target price (down previously from $87.00) on shares of Intapp in a research report on Thursday, January 16th. UBS Group boosted their price target on shares of Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Truist Financial boosted their price target on shares of Intapp from $55.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Raymond James reissued a "market perform" rating on shares of Intapp in a research note on Friday, January 3rd. Finally, Barclays boosted 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. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.