TimesSquare Capital Management LLC Makes New Investment in Intapp, Inc. $INTA

Key Points

• TimesSquare Capital Management acquired 501,786 Intapp shares worth approximately $12.65 million, giving it a 0.65% stake. Institutional investors collectively own about 89.96% of the company.
• Intapp exceeded quarterly expectations, reporting adjusted EPS of $0.41 versus the $0.36 consensus and revenue of $152.53 million, up 13% year over year. The company issued fiscal 2027 EPS guidance of $1.58–$1.62.
• Analyst sentiment remains mixed, with four Buy, three Hold, and three Sell ratings; MarketBeat’s consensus rating is Hold, with an average price target of $37.86.

TimesSquare Capital Management LLC acquired a new stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 501,786 shares of the company's stock, valued at approximately $12,650,000. TimesSquare Capital Management LLC owned approximately 0.65% of Intapp at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Strive Financial Group LLC purchased a new position in shares of Intapp in the fourth quarter worth approximately $28,000. First Horizon Corp purchased a new stake in shares of Intapp in the 4th quarter valued at approximately $44,000. Federation des caisses Desjardins du Quebec lifted its position in shares of Intapp by 913.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company's stock valued at $48,000 after acquiring an additional 950 shares in the last quarter. Harbor Investment Advisory LLC acquired a new position in Intapp in the 2nd quarter worth approximately $36,000. Finally, State of Wyoming boosted its stake in Intapp by 75.7% in the 4th quarter. State of Wyoming now owns 1,597 shares of the company's stock worth $73,000 after purchasing an additional 688 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intapp

In other news, insider Michele Murgel sold 14,591 shares of the firm's stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $25.02, for a total transaction of $365,066.82. Following the completion of the sale, the insider directly owned 233,632 shares of the company's stock, valued at $5,845,472.64. This trade represents a 5.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.21% of the stock is owned by company insiders.

Intapp Stock Performance

Intapp stock opened at $38.49 on Tuesday. The firm has a market cap of $2.96 billion, a PE ratio of -74.02, a P/E/G ratio of 15.49 and a beta of 0.42. The firm's 50 day moving average price is $28.84 and its two-hundred day moving average price is $25.71. Intapp, Inc. has a twelve month low of $19.01 and a twelve month high of $47.93.

Intapp (NASDAQ:INTA - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.05. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.12%. The company had revenue of $152.53 million during the quarter, compared to analyst estimates of $149.75 million. During the same quarter last year, the business posted $0.27 EPS. The company's revenue for the quarter was up 13.0% on a year-over-year basis. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. Equities analysts anticipate that Intapp, Inc. will post 0.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Intapp from $58.00 to $47.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 6th. Piper Sandler raised their target price on Intapp from $25.00 to $34.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Zacks Research downgraded Intapp from a "hold" rating to a "strong sell" rating in a report on Thursday, July 30th. UBS Group dropped their price target on Intapp from $54.00 to $46.00 and set a "buy" rating on the stock in a research report on Thursday, April 23rd. Finally, Citigroup increased their price objective on Intapp from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Intapp presently has an average rating of "Hold" and a consensus price target of $37.86.

About Intapp

Intapp, Inc, headquartered in Palo Alto, California, is a leading provider of cloud-based software solutions designed to meet the unique needs of professional services firms, including law firms, accounting practices, and financial institutions. The company's integrated platform connects front-office business development with back-office risk and compliance functions, enabling organizations to streamline workflows, improve collaboration and enhance client service.

Intapp's suite of applications—such as Intake, Conflicts, Risk, Open, Time and Flow—addresses the entire client lifecycle.

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