Intapp (NASDAQ:INTA) CEO John Hall Sells 2,200 Shares of Stock

Key Points

• CEO John Hall sold 2,200 Intapp shares for approximately $80,894 under a pre-arranged Rule 10b5-1 trading plan, reducing his stake by 0.04% while retaining about 5.81 million shares.
• Intapp shares fell 2.0% to $36.82, with the company valued at approximately $2.82 billion. The stock remains below its 52-week high of $47.93 but above its 52-week low of $19.01.
• Intapp exceeded quarterly earnings and revenue expectations, reporting $0.41 EPS and $152.53 million in revenue, up 13% year over year. Analysts have a consensus “Hold” rating and an average price target of $37.86.

Intapp, Inc. (NASDAQ:INTA - Get Free Report) CEO John Hall sold 2,200 shares of the business's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $36.77, for a total value of $80,894.00. Following the sale, the chief executive officer owned 5,814,808 shares in the company, valued at approximately $213,810,490.16. The trade was a 0.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intapp Stock Down 2.0%

Shares of Intapp stock traded down $0.77 during trading on Friday, hitting $36.82. The stock had a trading volume of 42,812 shares, compared to its average volume of 983,663. The company has a market capitalization of $2.82 billion, a PE ratio of -71.11, a P/E/G ratio of 13.98 and a beta of 0.34. Intapp, Inc. has a 1 year low of $19.01 and a 1 year high of $47.93. The stock has a 50 day simple moving average of $37.78 and a 200 day simple moving average of $28.85.

Intapp (NASDAQ:INTA - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.05. The company had revenue of $152.53 million for 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 company's revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 EPS. 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 expect that Intapp, Inc. will post 0.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intapp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc increased its stake in shares of Intapp by 109.5% during the 3rd quarter. Versant Capital Management Inc now owns 1,823 shares of the company's stock worth $66,000 after purchasing an additional 953 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Intapp during the second quarter valued at $55,000. Squarepoint Ops LLC purchased a new stake in Intapp in the second quarter worth $1,065,000. Amundi raised its stake in shares of Intapp by 24.0% in the second quarter. Amundi now owns 32,292 shares of the company's stock valued at $814,000 after buying an additional 6,245 shares during the period. Finally, AXQ Capital LP bought a new position in shares of Intapp during the 2nd quarter worth $205,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on INTA shares. Piper Sandler upped their target price on Intapp from $25.00 to $34.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Zacks Research upgraded shares of Intapp from a "strong sell" rating to a "hold" rating in a research note on Friday, August 28th. Barclays increased their price target on shares of Intapp from $25.00 to $29.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded Intapp from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Finally, UBS Group upped their price target on Intapp from $40.00 to $46.00 and gave the stock a "buy" rating in a research note on Monday, September 21st. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Intapp presently has an average rating of "Hold" and an average target price of $37.86.

Intapp Company Profile

Intapp, Inc develops cloud-based software designed for professional and financial services firms. Its platform helps organizations manage client and relationship data, workflows, compliance requirements, collaboration, billing, and other operational processes across the client lifecycle.

The company's product portfolio includes solutions for deal and relationship management, professional-services time and billing, conflicts management, compliance, document management, and engagement workflows.

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