Insider Selling: Intapp (NASDAQ:INTA) CEO Sells $133,050.00 in Stock

Key Points

• CEO John Hall sold 3,000 Intapp shares at an average price of $44.35, totaling $133,050, under a pre-arranged Rule 10b5-1 trading plan. He retains 5,814,808 shares, so the sale reduced his position by just 0.05%.
• Intapp shares rose 1.2% to $45.33, near the stock’s 52-week high of $47.93. The company recently exceeded quarterly earnings and revenue expectations, with revenue up 13% year over year.
• Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $39.14, while institutional investors own approximately 89.96% of the outstanding shares.

Intapp, Inc. (NASDAQ:INTA - Get Free Report) CEO John Hall sold 3,000 shares of the company's stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $44.35, for a total value of $133,050.00. Following the completion of the sale, the chief executive officer owned 5,814,808 shares in the company, valued at $257,886,734.80. The trade was a 0.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intapp Trading Up 1.2%

NASDAQ:INTA traded up $0.55 during trading hours on Wednesday, reaching $45.33. 525,158 shares of the company traded hands, compared to its average volume of 960,555. The business's 50-day moving average price is $39.42 and its two-hundred day moving average price is $30.22. The stock has a market capitalization of $3.48 billion, a P/E ratio of -87.17, a P/E/G ratio of 17.10 and a beta of 0.34. Intapp, Inc. has a 1 year low of $19.01 and a 1 year high of $47.93.

Intapp (NASDAQ:INTA - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.05. Intapp had a negative return on equity of 3.30% and a negative net margin of 7.15%. The firm had revenue of $152.53 million for the quarter, compared to analysts' expectations of $149.75 million. During the same period in the prior year, the firm posted $0.27 earnings per share. The company's quarterly revenue 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. As a group, equities analysts anticipate that Intapp, Inc. will post 0.07 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on INTA shares. Barclays raised their price objective on shares of Intapp from $29.00 to $38.00 and gave the company an "underweight" rating in a research note on Monday, October 12th. Piper Sandler upped their target price on shares of Intapp from $25.00 to $34.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Intapp in a report on Wednesday, September 2nd. Truist Financial raised their price target on shares of Intapp from $35.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Finally, Wall Street Zen raised shares of Intapp from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Intapp presently has an average rating of "Hold" and an average price target of $39.14.

Institutional Investors Weigh In On Intapp

Large investors have recently bought and sold shares of the business. Allworth Financial LP bought a new stake in shares of Intapp in the second quarter worth $33,000. Harbor Investment Advisory LLC bought a new position in Intapp in the second quarter valued at about $36,000. GK Wealth Management LLC bought a new position in Intapp in the third quarter valued at about $41,000. Optiver Holding B.V. lifted its holdings in Intapp by 2,232.1% in the first quarter. Optiver Holding B.V. now owns 1,819 shares of the company's stock valued at $47,000 after acquiring an additional 1,741 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in Intapp in the second quarter worth about $55,000. 89.96% of the stock is currently owned by institutional investors.

About Intapp

Intapp, Inc develops cloud-based software for professional and financial services firms. Its platform is designed to help organizations manage client and relationship data, business development, risk and compliance processes, collaboration, time tracking, billing, and operational workflows.

The company's product portfolio includes solutions for relationship management and deal management, professional-services time and billing, conflicts and compliance, document and information management, secure collaboration, and workflow automation.

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