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

Key Points

• Townsquare Capital LLC acquired 17,723 shares of Intapp, Inc. in Q1, valued at approximately $1,035,000, indicating growing institutional interest in the company.
• Intapp's stock price hit $42.12 during midday trading, with a market cap of $3.41 billion, while the company reported a revenue increase of 18.1% year-over-year.
• The company announced a stock repurchase plan allowing the buyback of $150 million worth of shares, reflecting confidence from its board in the stock's valuation.

Townsquare Capital LLC purchased a new position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,723 shares of the company's stock, valued at approximately $1,035,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. CWM LLC increased its position in Intapp by 27.0% during the first quarter. CWM LLC now owns 1,003 shares of the company's stock worth $59,000 after purchasing an additional 213 shares during the last quarter. Farther Finance Advisors LLC increased its position in 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 purchasing an additional 224 shares during the last quarter. Menard Financial Group LLC increased its position in Intapp by 12.3% during the first quarter. Menard Financial Group LLC now owns 3,798 shares of the company's stock worth $217,000 after purchasing an additional 415 shares during the last quarter. Xponance Inc. increased its position in Intapp by 11.9% during the first quarter. Xponance Inc. now owns 4,246 shares of the company's stock worth $248,000 after purchasing an additional 450 shares during the last quarter. Finally, Johnson Financial Group Inc. grew its stake in 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 during the period. Institutional investors and hedge funds own 89.96% of the company's stock.

Insider Activity at Intapp

In other Intapp news, COO Donald F. Coleman sold 5,629 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $57.07, for a total transaction of $321,247.03. Following the transaction, the chief operating officer directly owned 437,885 shares in the company, valued at $24,990,096.95. This represents a 1.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John T. Hall sold 31,200 shares of the stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $55.01, for a total transaction of $1,716,312.00. Following the transaction, the chief executive officer owned 5,445,335 shares in the company, valued at $299,547,878.35. This trade represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,913 shares of company stock valued at $3,974,734. 13.02% of the stock is owned by insiders.

Intapp Stock Performance

Shares of INTA stock traded down $0.2430 on Tuesday, hitting $41.8970. The stock had a trading volume of 118,960 shares, compared to its average volume of 728,192. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of -174.90, a P/E/G ratio of 13.03 and a beta of 0.73. The stock's 50 day moving average is $45.84 and its 200-day moving average is $54.68. Intapp, Inc. has a 52-week low of $35.51 and a 52-week high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. The business had revenue of $135.04 million during the quarter, compared to the consensus estimate of $132.07 million. Intapp had a negative net margin of 3.61% and a negative return on equity of 0.91%. The business's quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. Intapp has set its Q1 2026 guidance at 0.180-0.200 EPS. FY 2026 guidance at 1.090-1.130 EPS. Equities analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current year.

Intapp declared that its board has approved a share buyback plan on Tuesday, August 12th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 5.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have issued reports on INTA. UBS Group reiterated a "buy" rating and set a $72.00 price objective (down from $83.00) on shares of Intapp in a research note on Wednesday, August 13th. Citigroup decreased their price objective on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a research note on Wednesday, July 16th. Wall Street Zen downgraded shares of Intapp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st. Piper Sandler upgraded shares of Intapp to a "neutral" rating and set a $55.00 price objective for the company in a research note on Tuesday, June 24th. Finally, Stifel Nicolaus decreased their price objective on shares of Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $60.63.

About Intapp

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.