TimesSquare Capital Management LLC Purchases 117,795 Shares of Intapp, Inc. (NASDAQ:INTA)

TimesSquare Capital Management LLC lifted its position in shares of Intapp, Inc. (NASDAQ:INTA) by 27.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 545,160 shares of the company’s stock after buying an additional 117,795 shares during the period. TimesSquare Capital Management LLC’s holdings in Intapp were worth $26,075,000 as of its most recent SEC filing.

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

Intapp Trading Down 0.4 %

Shares of Intapp stock opened at $59.39 on Friday. Intapp, Inc. has a 12-month low of $30.36 and a 12-month high of $59.92. The company has a market cap of $4.57 billion, a P/E ratio of -204.79 and a beta of 0.64. The company’s fifty day simple moving average is $48.56 and its two-hundred day simple moving average is $40.46.

Intapp (NASDAQ:INTA) last announced its earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.15%. The firm had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. During the same quarter in the previous year, the firm posted ($0.20) EPS. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. Analysts predict that Intapp, Inc. will post -0.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Truist Financial reiterated a “buy” rating and issued a $55.00 price objective (up previously from $47.00) on shares of Intapp in a report on Tuesday, November 5th. Barclays lifted their price target on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Stifel Nicolaus increased their price objective on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. UBS Group lifted their target price 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. Finally, JPMorgan Chase & Co. increased their price target on shares of Intapp from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.55.

Insiders Place Their Bets

In other news, Director Ralph Baxter sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $57.10, for a total value of $2,855,000.00. Following the completion of the transaction, the director now owns 5,624 shares in the company, valued at $321,130.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Ralph Baxter sold 50,000 shares of the company’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 sale, the director now directly owns 5,624 shares of the company’s stock, valued at $321,130.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Donald F. Coleman sold 58,003 shares of Intapp stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $49.31, for a total transaction of $2,860,127.93. Following the transaction, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at approximately $32,950,865.09. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 237,017 shares of company stock worth $12,156,222. 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.