Insider Selling: Intapp (NASDAQ:INTA) CMO Sells 1,474 Shares

Key Points

• Intapp CMO Dustin De Forest Sedgwick sold 1,474 shares at an average price of $41.21, worth approximately $60,744, under a pre-arranged Rule 10b5-1 plan. He retained 22,112 shares after the transaction.
• Intapp shares recently traded around $40.40, well above their 52-week low of $19.01 but below the high of $47.93. The company reported quarterly EPS of $0.41 and revenue of $152.53 million, beating analyst expectations while revenue increased 13% year over year.
• Analyst sentiment is mixed, with four Buy, three Hold, and three Sell ratings; the consensus rating is Hold with a $37.86 price target. Institutional investors own nearly 90% of Intapp’s outstanding shares.

Intapp, Inc. (NASDAQ:INTA - Get Free Report) CMO Dustin De Forest Sedgwick sold 1,474 shares of the business's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $41.21, for a total value of $60,743.54. Following the completion of the transaction, the chief marketing officer owned 22,112 shares in the company, valued at $911,235.52. The trade was a 6.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intapp Price Performance

Shares of NASDAQ:INTA traded down $0.31 during trading on Wednesday, hitting $40.40. 269,421 shares of the company's stock were exchanged, compared to its average volume of 1,051,288. Intapp, Inc. has a 52-week low of $19.01 and a 52-week high of $47.93. The business's 50-day simple moving average is $30.88 and its 200 day simple moving average is $26.06. The company has a market cap of $3.09 billion, a price-to-earnings ratio of -77.69, a PEG ratio of 15.80 and a beta of 0.42.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly 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 company had revenue of $152.53 million for the quarter, compared to analysts' expectations of $149.75 million. During the same period in the previous year, the firm earned $0.27 EPS. The firm's revenue was up 13.0% compared to the same quarter last year. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. On average, sell-side analysts anticipate that Intapp, Inc. will post 0.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on INTA. Citigroup boosted their target price on shares of Intapp from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, May 7th. Wall Street Zen upgraded shares of Intapp from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. JPMorgan Chase & Co. decreased their price target on shares of Intapp from $58.00 to $47.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 6th. Truist Financial increased their price objective on shares of Intapp from $35.00 to $45.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Finally, Barclays raised their price objective on Intapp from $25.00 to $29.00 and gave the company an "underweight" rating in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Intapp currently has a consensus rating of "Hold" and a consensus price target of $37.86.

Institutional Trading of Intapp

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new stake in Intapp in the second quarter worth $133,660,000. Bamco Inc. NY grew its stake in shares of Intapp by 15.5% in the 4th quarter. Bamco Inc. NY now owns 3,327,989 shares of the company's stock worth $152,488,000 after buying an additional 447,039 shares in the last quarter. Capital World Investors increased its holdings in shares of Intapp by 3.5% in the 4th quarter. Capital World Investors now owns 2,992,169 shares of the company's stock worth $137,101,000 after buying an additional 100,000 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Intapp by 5.8% in the 2nd quarter. Wellington Management Group LLP now owns 2,046,759 shares of the company's stock worth $51,599,000 after buying an additional 112,735 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of Intapp by 9.7% during the 1st quarter. Jennison Associates LLC now owns 2,008,826 shares of the company's stock valued at $51,607,000 after buying an additional 177,201 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

About Intapp

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source