Insider Selling: Intapp (NASDAQ:INTA) CFO Sells 10,000 Shares of Stock

Key Points

• Intapp CFO David Morton Jr. sold 10,000 shares at an average price of $40.88, generating $408,800. The Rule 10b5-1 transaction reduced his ownership by 7.69%, leaving him with 120,074 shares.
• Intapp recently surpassed quarterly expectations, reporting $0.41 in EPS versus the $0.36 consensus and $152.53 million in revenue, up 13% year over year.
• INTA traded near $40.40, with shares having risen substantially from their 12-month low of $19.01. Analyst sentiment remains mixed, resulting in a consensus “Hold” rating and an average price target of $37.86.

Intapp, Inc. (NASDAQ:INTA - Get Free Report) CFO David Morton, Jr. sold 10,000 shares of the company's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $40.88, for a total value of $408,800.00. Following the sale, the chief financial officer owned 120,074 shares of the company's stock, valued at $4,908,625.12. This trade represents a 7.69% decrease in their ownership of the stock. The sale 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 Stock Performance

INTA stock traded down $0.31 during trading on Wednesday, reaching $40.40. 269,421 shares of the company traded hands, compared to its average volume of 1,051,288. The business has a 50 day simple moving average of $30.88 and a 200 day simple moving average of $26.06. Intapp, Inc. has a 12 month low of $19.01 and a 12 month high of $47.93. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of -77.69, a price-to-earnings-growth ratio of 15.80 and a beta of 0.42.

Intapp (NASDAQ:INTA - Get Free Report) last announced 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. The business had revenue of $152.53 million during the quarter, compared to the consensus estimate of $149.75 million. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.30%. The firm's revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. 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, research analysts forecast that Intapp, Inc. will post 0.07 EPS for the current year.

Hedge Funds Weigh In On Intapp

Hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its holdings in shares of Intapp by 60.9% in the first quarter. AQR Capital Management LLC now owns 30,969 shares of the company's stock worth $1,808,000 after buying an additional 11,719 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Intapp by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,737 shares of the company's stock valued at $1,853,000 after acquiring an additional 1,379 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Intapp by 2.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,511 shares of the company's stock valued at $16,318,000 after acquiring an additional 6,210 shares during the period. Russell Investments Group Ltd. raised its stake in Intapp by 208.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,848 shares of the company's stock worth $95,000 after acquiring an additional 1,248 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Intapp in the 2nd quarter worth $693,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on INTA. Truist Financial increased their target price 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. Zacks Research lowered shares of Intapp from a "hold" rating to a "strong sell" rating in a report on Thursday, July 30th. Barclays upped their price target on Intapp from $25.00 to $29.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. decreased their price objective on Intapp from $58.00 to $47.00 and set an "overweight" rating for the company in a report on Wednesday, May 6th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Intapp in a research report on Friday, June 5th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $37.86.

Intapp Company Profile

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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