Insider Selling: Intapp (NASDAQ:INTA) CEO Sells 6,703 Shares of Stock

Key Points

• Intapp CEO John Hall sold 6,703 shares at an average price of $41.80, totaling approximately $280,185, which led to a 0.12% decrease in his ownership position.
• The company reported $0.27 earnings per share for the last quarter, exceeding analysts' expectations, with a revenue increase of 18.1% year-over-year, totaling $135.04 million.
• Intapp's Board of Directors initiated a $150 million share buyback plan, indicating management's belief that the stock is undervalued.

Intapp, Inc. (NASDAQ:INTA - Get Free Report) CEO John Hall sold 6,703 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $41.80, for a total value of $280,185.40. Following the transaction, the chief executive officer directly owned 5,618,290 shares in the company, valued at $234,844,522. This represents a 0.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Intapp Trading Up 1.8%

INTA stock traded up $0.78 on Monday, reaching $43.60. 1,412,920 shares of the company's stock were exchanged, compared to its average volume of 1,352,024. The stock has a fifty day moving average of $44.75 and a 200-day moving average of $53.85. Intapp, Inc. has a twelve month low of $35.51 and a twelve month high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. Intapp had a negative net margin of 3.61% and a negative return on equity of 0.89%. The business had revenue of $135.04 million for the quarter, compared to analysts' expectations of $132.07 million. During the same period in the prior year, the company posted $0.15 EPS. The business's revenue for the quarter was up 18.1% on a year-over-year basis. Intapp has set its Q1 2026 guidance at 0.180-0.200 EPS. FY 2026 guidance at 1.090-1.130 EPS. As a group, sell-side analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Intapp declared that its Board of Directors has initiated a share buyback plan on Tuesday, August 12th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 5.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

INTA has been the subject of several research analyst reports. Wall Street Zen downgraded Intapp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st. Piper Sandler raised Intapp to a "neutral" rating and set a $55.00 target price on the stock in a report on Tuesday, June 24th. Citigroup dropped their price target on Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. UBS Group decreased their price objective on shares of Intapp from $83.00 to $72.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Finally, Stifel Nicolaus lowered their price objective on shares of Intapp from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, July 8th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Intapp has a consensus rating of "Hold" and a consensus price target of $60.63.

Institutional Investors Weigh In On Intapp

Several hedge funds have recently modified their holdings of INTA. Westfield Capital Management Co. LP acquired a new stake in shares of Intapp during the 2nd quarter worth about $38,657,000. Norges Bank acquired a new stake in shares of Intapp during the 2nd quarter worth about $35,081,000. Nuveen LLC acquired a new stake in shares of Intapp during the 1st quarter worth about $35,117,000. Lord Abbett & CO. LLC acquired a new stake in shares of Intapp during the 4th quarter worth about $30,563,000. Finally, Vanguard Group Inc. boosted its stake in shares of Intapp by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 6,652,139 shares of the company's stock worth $388,352,000 after purchasing an additional 283,923 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

About Intapp

Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.