TimesSquare Capital Management LLC Sells 101,460 Shares of Intapp, Inc. (NASDAQ:INTA)

TimesSquare Capital Management LLC reduced its stake in Intapp, Inc. (NASDAQ:INTA - Free Report) by 18.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 443,700 shares of the company's stock after selling 101,460 shares during the period. TimesSquare Capital Management LLC owned approximately 0.57% of Intapp worth $28,437,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Raleigh Capital Management Inc. bought a new stake in Intapp during the fourth quarter valued at $25,000. Global Retirement Partners LLC bought a new stake in Intapp during the fourth quarter valued at $25,000. Farther Finance Advisors LLC boosted its stake in Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company's stock valued at $28,000 after buying an additional 527 shares during the period. Quest Partners LLC bought a new stake in Intapp during the third quarter valued at $54,000. Finally, Financial Management Professionals Inc. bought a new stake in Intapp during the third quarter valued at $57,000. 89.96% of the stock is owned by institutional investors.

Intapp Price Performance

NASDAQ:INTA traded down $3.25 during mid-day trading on Friday, reaching $66.11. 1,297,240 shares of the company's stock traded hands, compared to its average volume of 805,593. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $77.74. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of -227.96 and a beta of 0.74. The company has a 50 day moving average price of $68.13 and a 200-day moving average price of $56.60.

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Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) 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%. As a group, analysts forecast that Intapp, Inc. will post -0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on INTA. Raymond James reaffirmed a "market perform" rating on shares of Intapp in a research note on Friday, January 3rd. Stifel Nicolaus lifted their price target on Intapp from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Piper Sandler reaffirmed an "overweight" rating and set a $71.00 price target (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Citigroup reaffirmed a "neutral" rating and set a $78.00 price target (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Finally, UBS Group lifted their price objective on Intapp from $89.00 to $92.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Intapp has an average rating of "Moderate Buy" and an average price target of $66.45.

Insider Activity at Intapp

In other Intapp news, insider Michele Murgel sold 7,531 shares of Intapp stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $68.83, for a total transaction of $518,358.73. Following the sale, the insider now directly owns 223,945 shares of the company's stock, valued at approximately $15,414,134.35. The trade was a 3.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John T. Hall sold 61,842 shares of Intapp stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $59.68, for a total value of $3,690,730.56. Following the sale, the chief executive officer now directly owns 5,030,432 shares in the company, valued at approximately $300,216,181.76. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 287,688 shares of company stock worth $19,019,774 in the last 90 days. Company insiders own 13.02% of the company's stock.

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.