David Morton Jr Sells 10,000 Shares of Intapp (NASDAQ:INTA) Stock

Key Points

• David Morton Jr., CFO of Intapp, Inc., sold 10,000 shares of stock for a total of $429,500, decreasing his ownership by 21.34%.
• Intapp reported earnings of $0.27 EPS for the last quarter, beating estimates by $0.04, with revenue growth of 18.1% year-over-year.
• The company has initiated a share repurchase program, allowing for the buyback of $150 million in shares, indicating management's belief that the stock is undervalued.

Intapp, Inc. (NASDAQ:INTA - Get Free Report) CFO David Morton, Jr. sold 10,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $42.95, for a total transaction of $429,500.00. Following the completion of the sale, the chief financial officer owned 36,855 shares in the company, valued at approximately $1,582,922.25. This trade represents a 21.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Intapp Stock Up 1.8%

INTA traded up $0.78 on Monday, hitting $43.60. The company had a trading volume of 1,412,909 shares, compared to its average volume of 742,219. The business's fifty day simple moving average is $44.75 and its 200 day simple moving average is $53.85. Intapp, Inc. has a 12-month low of $35.51 and a 12-month high of $77.74. The company has a market cap of $3.58 billion, a PE ratio of -181.67, a PEG ratio of 13.25 and a beta of 0.73.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $0.27 earnings per share (EPS) 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 analyst estimates of $132.07 million. Intapp had a negative return on equity of 0.89% and a negative net margin of 3.61%.The company's revenue for the quarter was up 18.1% on a year-over-year basis. During the same period last year, the company earned $0.15 EPS. Intapp has set its Q1 2026 guidance at 0.180-0.200 EPS. FY 2026 guidance at 1.090-1.130 EPS. On average, analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Intapp declared that its board has approved a share repurchase program on Tuesday, August 12th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to purchase up to 5.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Institutional Trading of Intapp

Several hedge funds have recently modified their holdings of the company. CWM LLC grew its position in shares of Intapp by 27.0% in the 1st quarter. CWM LLC now owns 1,003 shares of the company's stock worth $59,000 after buying an additional 213 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Intapp by 74.2% in the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock valued at $31,000 after acquiring an additional 224 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Intapp by 3.5% in the first quarter. Hsbc Holdings PLC now owns 8,001 shares of the company's stock worth $465,000 after purchasing an additional 272 shares during the last quarter. REAP Financial Group LLC grew its holdings in Intapp by 218.5% in the second quarter. REAP Financial Group LLC now owns 481 shares of the company's stock worth $25,000 after purchasing an additional 330 shares during the last quarter. Finally, Caxton Associates LLP increased its position in shares of Intapp by 6.9% during the second quarter. Caxton Associates LLP now owns 5,982 shares of the company's stock worth $309,000 after purchasing an additional 388 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group cut their target price on Intapp from $83.00 to $72.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Stifel Nicolaus lowered their target price 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. Wall Street Zen lowered shares of Intapp from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st. Barclays raised their target price on shares of Intapp from $44.00 to $47.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 13th. Finally, Citigroup lowered their target price on Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a report on Wednesday, July 16th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $60.63.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.