TimesSquare Capital Management LLC Boosts Position in Intapp, Inc. (NASDAQ:INTA)

TimesSquare Capital Management LLC raised its holdings in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 27.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 545,160 shares of the company's stock after purchasing an additional 117,795 shares during the period. TimesSquare Capital Management LLC owned 0.71% of Intapp worth $26,075,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company's stock worth $28,000 after buying an additional 527 shares during the last quarter. J.Safra Asset Management Corp increased its position in shares of Intapp by 634.0% in the 2nd quarter. J.Safra Asset Management Corp now owns 712 shares of the company's stock valued at $26,000 after acquiring an additional 615 shares during the period. Advisors Asset Management Inc. grew its stake in Intapp by 239.1% during the 1st quarter. Advisors Asset Management Inc. now owns 824 shares of the company's stock valued at $28,000 after purchasing an additional 581 shares during the last quarter. Blue Trust Inc. purchased a new position in shares of Intapp in the second quarter worth about $30,000. Finally, Financial Management Professionals Inc. acquired a new stake in shares of Intapp during the third quarter worth about $57,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Intapp Trading Down 0.4 %

INTA traded down $0.25 during trading on Friday, hitting $59.39. The company's stock had a trading volume of 701,206 shares, compared to its average volume of 622,477. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of -204.79 and a beta of 0.64. The business's fifty day simple moving average is $48.56 and its 200 day simple moving average is $40.46. Intapp, Inc. has a twelve month low of $30.36 and a twelve month high of $59.92.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.08. The firm had revenue of $118.81 million for the quarter, compared to analysts' expectations of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.15%. The firm's revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.20) EPS. As a group, equities research analysts forecast that Intapp, Inc. will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on INTA shares. Citigroup increased their price target on shares of Intapp from $52.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. UBS Group increased their price objective on shares of Intapp from $49.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th. Truist Financial restated a "buy" rating and set a $55.00 target price (up from $47.00) on shares of Intapp in a research report on Tuesday, November 5th. Bank of America reduced their price objective on Intapp from $52.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, August 14th. Finally, Barclays upped their target price on Intapp from $44.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $53.55.

Insider Transactions at Intapp

In related news, Director Ralph Baxter sold 50,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $57.10, for a total value of $2,855,000.00. Following the transaction, the director now directly owns 5,624 shares of the company's stock, valued at approximately $321,130.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Intapp news, Director Ralph Baxter sold 50,000 shares of Intapp stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $57.10, for a total transaction of $2,855,000.00. Following the sale, the director now owns 5,624 shares of the company's stock, valued at $321,130.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Donald F. Coleman sold 35,778 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $54.23, for a total transaction of $1,940,240.94. Following the sale, the chief operating officer now directly owns 668,239 shares of the company's stock, valued at $36,238,600.97. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 237,017 shares of company stock valued at $12,156,222 over the last 90 days. Corporate 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.