Intapp (NASDAQ:INTA) CEO Sells $118,770.00 in Stock

Key Points

• CEO John Hall sold 3,000 Intapp shares at an average price of $39.59, generating $118,770. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with roughly 5.81 million shares.
• Intapp shares fell 1.6% to $38.04, while the company recently exceeded quarterly expectations with $0.41 in EPS versus the $0.36 consensus and revenue of $152.53 million, up 13% year over year.
• Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $37.86. Institutional investors own approximately 89.96% of the stock.

Intapp, Inc. (NASDAQ:INTA - Get Free Report) CEO John Hall sold 3,000 shares of the company's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $39.59, for a total value of $118,770.00. Following the transaction, the chief executive officer directly owned 5,814,808 shares in the company, valued at approximately $230,208,248.72. This represents a 0.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intapp Trading Down 1.6%

Shares of INTA traded down $0.60 during trading hours on Thursday, hitting $38.04. 502,003 shares of the stock traded hands, compared to its average volume of 1,025,691. Intapp, Inc. has a 1-year low of $19.01 and a 1-year high of $47.93. The firm has a market capitalization of $2.91 billion, a PE ratio of -73.15, a price-to-earnings-growth ratio of 15.39 and a beta of 0.45. The business has a fifty day moving average of $34.96 and a 200-day moving average of $27.47.

Intapp (NASDAQ:INTA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.05. The firm had revenue of $152.53 million for the quarter, compared to analysts' expectations of $149.75 million. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.30%. The business's revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the firm earned $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, equities research analysts expect that Intapp, Inc. will post 0.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on INTA shares. Truist Financial increased their price target on Intapp from $35.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Weiss Ratings reissued a "sell (e+)" rating on shares of Intapp in a research report on Wednesday, September 2nd. Barclays raised their price objective on shares of Intapp from $25.00 to $29.00 and gave the stock an "underweight" rating in a report on Wednesday, August 5th. Wall Street Zen raised shares of Intapp from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Finally, Piper Sandler upped their price objective on Intapp from $25.00 to $34.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $37.86.

Institutional Investors Weigh In On Intapp

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Intapp in the 2nd quarter valued at about $133,660,000. Bamco Inc. NY purchased a new position in Intapp during the second quarter worth about $50,184,000. California State Teachers Retirement System grew its position in Intapp by 2,361.0% in the 2nd quarter. California State Teachers Retirement System now owns 1,879,103 shares of the company's stock worth $47,372,000 after purchasing an additional 1,802,749 shares in the last quarter. Wellington Management Group LLP grew its position in Intapp by 143.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company's stock worth $77,365,000 after purchasing an additional 1,115,392 shares in the last quarter. Finally, Barclays PLC increased its stake in Intapp by 1,160.6% in the 4th quarter. Barclays PLC now owns 1,094,989 shares of the company's stock valued at $50,172,000 after buying an additional 1,008,128 shares during the last quarter. 89.96% of the stock is currently owned by 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.