Intapp (NASDAQ:INTA) Insider David Benjamin Harrison Sells 40,284 Shares of Stock

Key Points

• Intapp insider David Benjamin Harrison sold 40,284 shares at an average price of $45.26, totaling approximately $1.82 million. The Rule 10b5-1 transaction reduced his holdings by 72.09% to 15,599 shares.
• Intapp shares recently traded at $47.18, near their 12-month high of $47.93, with a market capitalization of approximately $3.62 billion.
• The company exceeded quarterly earnings and revenue expectations, reporting $0.41 EPS and $152.53 million in revenue, up 13% year over year. Analysts remain divided, resulting in a consensus “Hold” rating and an average price target of $39.14.

Intapp, Inc. (NASDAQ:INTA - Get Free Report) insider David Harrison sold 40,284 shares of the company's stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $45.26, for a total transaction of $1,823,253.84. Following the transaction, the insider owned 15,599 shares of the company's stock, valued at $706,010.74. This represents a 72.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intapp Price Performance

Shares of INTA stock traded up $1.85 during trading hours on Thursday, reaching $47.18. The stock had a trading volume of 687,449 shares, compared to its average volume of 958,922. Intapp, Inc. has a twelve month low of $19.01 and a twelve month high of $47.93. The firm has a 50-day simple moving average of $39.54 and a 200-day simple moving average of $30.37. The firm has a market capitalization of $3.62 billion, a PE ratio of -90.73, a price-to-earnings-growth ratio of 17.29 and a beta of 0.34.

Intapp (NASDAQ:INTA - Get Free Report) last posted its earnings results 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. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.30%. The firm had revenue of $152.53 million during the quarter, compared to analyst estimates of $149.75 million. During the same period in the previous year, the business posted $0.27 EPS. Intapp's 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. On average, equities analysts anticipate that Intapp, Inc. will post 0.07 earnings per share for the current year.

Institutional Investors Weigh In On Intapp

A number of institutional investors have recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC bought a new stake in Intapp during the second quarter worth approximately $12,650,000. Bank of America Corp DE bought a new position in shares of Intapp in the second quarter valued at $12,344,000. Alamar Capital Management LLC bought a new position in shares of Intapp in the second quarter valued at $2,040,000. AMS Capital Ltda lifted its position in shares of Intapp by 83.6% during the 1st quarter. AMS Capital Ltda now owns 324,186 shares of the company's stock valued at $8,328,000 after acquiring an additional 147,567 shares during the last quarter. Finally, Praesidium Investment Management Company LLC acquired a new stake in shares of Intapp during the 2nd quarter valued at $19,761,311. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on INTA. UBS Group boosted their price target on Intapp from $40.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday, September 21st. Weiss Ratings reissued a "sell (e+)" rating on shares of Intapp in a report on Wednesday, September 2nd. Wall Street Zen upgraded shares of Intapp from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Piper Sandler lifted their price objective on shares of Intapp from $25.00 to $34.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Finally, Truist Financial upped their price objective on shares of Intapp from $35.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $39.14.

About Intapp

Intapp, Inc develops cloud-based software for professional and financial services firms. Its platform is designed to help organizations manage client and relationship data, business development, risk and compliance processes, collaboration, time tracking, billing, and operational workflows.

The company's product portfolio includes solutions for relationship management and deal management, professional-services time and billing, conflicts and compliance, document and information management, secure collaboration, and workflow automation.

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