Principal Financial Group Inc. Sells 277 Shares of Intapp, Inc. (NASDAQ:INTA)

Principal Financial Group Inc. lowered its position in Intapp, Inc. (NASDAQ:INTA) by 6.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,262 shares of the company’s stock after selling 277 shares during the period. Principal Financial Group Inc.’s holdings in Intapp were worth $249,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of Intapp by 74.2% during the 1st quarter. Farther Finance Advisors LLC now owns 526 shares of the company’s stock worth $31,000 after acquiring an additional 224 shares in the last quarter. Johnson Financial Group Inc. raised its stake in shares of Intapp by 273.8% during the 4th quarter. Johnson Financial Group Inc. now owns 826 shares of the company’s stock worth $53,000 after acquiring an additional 605 shares in the last quarter. CoreCap Advisors LLC bought a new position in shares of Intapp during the 4th quarter worth approximately $64,000. Huntington National Bank raised its stake in shares of Intapp by 53.2% during the 4th quarter. Huntington National Bank now owns 1,474 shares of the company’s stock worth $94,000 after acquiring an additional 512 shares in the last quarter. Finally, Corton Capital Inc. bought a new position in shares of Intapp during the 4th quarter worth approximately $202,000. Institutional investors own 89.96% of the company’s stock.

Intapp Trading Down 2.2%

INTA opened at $42.54 on Monday. Intapp, Inc. has a 12-month low of $31.08 and a 12-month high of $77.74. The firm has a market capitalization of $3.44 billion, a PE ratio of -177.25, a P/E/G ratio of 7.92 and a beta of 0.76. The firm has a 50 day moving average of $52.51 and a two-hundred day moving average of $58.66.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. Intapp had a negative net margin of 3.78% and a negative return on equity of 1.19%. The company had revenue of $129.07 million during the quarter, compared to analyst estimates of $128.84 million. During the same period last year, the firm posted $0.14 EPS. Intapp’s revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, analysts predict that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

INTA has been the subject of several recent analyst reports. Barclays lowered shares of Intapp from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $60.00 to $44.00 in a research note on Monday, July 14th. Stifel Nicolaus decreased their price objective on shares of Intapp from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, July 8th. UBS Group decreased their price objective on shares of Intapp from $92.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. Wall Street Zen lowered shares of Intapp from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 21st. Finally, Piper Sandler raised shares of Intapp to a “neutral” rating and set a $55.00 price objective for the company in a research report on Tuesday, June 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.11.

Insider Activity at Intapp

In other Intapp news, CEO John T. Hall sold 31,200 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $55.01, for a total transaction of $1,716,312.00. Following the completion of the transaction, the chief executive officer directly owned 5,445,335 shares of the company’s stock, valued at approximately $299,547,878.35. This trade represents a 0.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David Benjamin Harrison sold 14,275 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $55.01, for a total transaction of $785,267.75. The disclosure for this sale can be found here. Insiders sold a total of 76,913 shares of company stock worth $4,257,984 in the last ninety days. 13.02% of the stock is owned by company insiders.

Intapp 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.