Intapp (NASDAQ:INTA) CEO Sells 3,000 Shares of Stock

Key Points

• CEO John Hall sold 3,000 Intapp shares at an average price of $36.74, generating $110,220. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his direct holdings by 0.05%.
• Intapp’s shares recently traded around $36.46, while the company reported quarterly revenue of $152.53 million and adjusted earnings of $0.41 per share, exceeding analyst expectations.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $37.86; institutional investors own approximately 89.96% of the company.

Intapp, Inc. (NASDAQ:INTA - Get Free Report) CEO John Hall sold 3,000 shares of the company's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $36.74, for a total value of $110,220.00. Following the completion of the transaction, the chief executive officer directly owned 5,814,808 shares of the company's stock, valued at approximately $213,636,045.92. The trade was a 0.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intapp Trading Up 1.0%

NASDAQ:INTA traded up $0.37 during mid-day trading on Wednesday, hitting $36.46. 556,014 shares of the company's stock were exchanged, compared to its average volume of 1,008,325. The company has a 50 day simple moving average of $36.63 and a 200-day simple moving average of $28.36. Intapp, Inc. has a fifty-two week low of $19.01 and a fifty-two week high of $47.93. The firm has a market capitalization of $2.79 billion, a P/E ratio of -70.12, a PEG ratio of 14.17 and a beta of 0.45.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $149.75 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The business'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, analysts expect that Intapp, Inc. will post 0.07 earnings per share for the current year.

Analyst Ratings Changes

INTA has been the subject of several research reports. Truist Financial lifted 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. UBS Group boosted their target price on shares of Intapp from $40.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday. Piper Sandler lifted their price target on Intapp from $25.00 to $34.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Weiss Ratings reissued a "sell (e+)" rating on shares of Intapp in a report on Wednesday, September 2nd. Finally, Wall Street Zen upgraded Intapp from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Four research 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 a consensus rating of "Hold" and a consensus target price of $37.86.

Institutional Investors Weigh In On Intapp

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Intapp in the second quarter worth about $133,660,000. Bamco Inc. NY purchased a new position in shares of Intapp during the 2nd quarter worth approximately $50,184,000. Praesidium Investment Management Company LLC bought a new position in shares of Intapp in the 2nd quarter worth approximately $19,761,311. Norges Bank bought a new position in shares of Intapp in the 4th quarter worth approximately $32,302,000. Finally, TimesSquare Capital Management LLC purchased a new position in shares of Intapp in the 2nd quarter valued at approximately $12,650,000. Institutional investors own 89.96% of the company's stock.

Intapp Company Profile

Intapp, Inc provides cloud-based software designed for professional and financial services firms. Its platform helps organizations manage client relationships, business development, collaboration, time and expense tracking, billing, compliance, conflicts of interest, and other operational workflows.

The company's products include DealCloud, a relationship intelligence and deal management platform for private capital markets and investment banking firms; Intapp Documents, which supports document and collaboration workflows; Intapp Time and Intapp Bill, which address time capture and billing processes; and solutions for managing conflicts, engagements, terms, and information barriers.

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