TimesSquare Capital Management LLC Has $23.24 Million Position in Intapp, Inc. (NASDAQ:INTA)

TimesSquare Capital Management LLC decreased its position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 10.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 398,071 shares of the company's stock after selling 45,629 shares during the period. TimesSquare Capital Management LLC owned about 0.50% of Intapp worth $23,239,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in shares of Intapp by 74.2% during the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock worth $31,000 after buying an additional 224 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Intapp by 414.7% during the first quarter. Nisa Investment Advisors LLC now owns 803 shares of the company's stock worth $47,000 after buying an additional 647 shares in the last quarter. Johnson Financial Group Inc. increased its holdings in shares of Intapp by 273.8% during the fourth quarter. Johnson Financial Group Inc. now owns 826 shares of the company's stock worth $53,000 after buying an additional 605 shares in the last quarter. CWM LLC increased its holdings in shares of Intapp by 27.0% during the first quarter. CWM LLC now owns 1,003 shares of the company's stock worth $59,000 after buying an additional 213 shares in the last quarter. Finally, CoreCap Advisors LLC acquired a new stake in shares of Intapp during the fourth quarter worth approximately $64,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Intapp from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st. UBS Group lowered their price target on shares of Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Barclays lowered shares of Intapp from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $60.00 to $44.00 in a report on Monday. Citigroup lowered their price target on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, Piper Sandler raised shares of Intapp to a "neutral" rating and set a $55.00 price target for the company in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.11.

Insider Activity at Intapp

In related news, CFO David H. Morton, Jr. sold 10,000 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $55.02, for a total value of $550,200.00. Following the sale, the chief financial officer directly owned 32,739 shares of the company's stock, valued at approximately $1,801,299.78. The trade was a 23.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Thad Jampol sold 5,000 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $56.65, for a total transaction of $283,250.00. Following the completion of the sale, the insider directly owned 857,250 shares in the company, valued at $48,563,212.50. This represents a 0.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,913 shares of company stock valued at $4,257,984. 13.02% of the stock is owned by corporate insiders.

Intapp Price Performance

Shares of NASDAQ INTA traded down $0.07 during midday trading on Thursday, reaching $43.35. 178,795 shares of the stock were exchanged, compared to its average volume of 653,169. The business has a 50-day simple moving average of $52.96 and a two-hundred day simple moving average of $59.04. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of -181.13, a P/E/G ratio of 7.91 and a beta of 0.76. Intapp, Inc. has a 12 month low of $31.08 and a 12 month high of $77.74.

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

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.