Insider Selling: Intapp (NASDAQ:INTA) CFO Sells 4,768 Shares of Stock

Key Points

• CFO David Morton, Jr. sold 4,768 shares of Intapp stock at an average price of $41.80, totaling approximately $199,302, leading to a 9.24% decrease in his ownership stake.
• Intapp has authorized a $150 million stock repurchase plan, allowing the company to buy back up to 5.2% of its outstanding shares, indicating a belief that the stock is undervalued.
• The company's latest earnings report showed a revenue increase of 18.1% year-over-year, with earnings per share of $0.27, surpassing analyst expectations.

Intapp, Inc. (NASDAQ:INTA - Get Free Report) CFO David Morton, Jr. sold 4,768 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $41.80, for a total transaction of $199,302.40. Following the completion of the transaction, the chief financial officer owned 46,855 shares in the company, valued at approximately $1,958,539. This represents a 9.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Intapp Price Performance

NASDAQ INTA traded up $0.78 during trading hours on Monday, hitting $43.60. The company's stock had a trading volume of 1,412,909 shares, compared to its average volume of 742,219. Intapp, Inc. has a 12 month low of $35.51 and a 12 month high of $77.74. The company's 50 day simple moving average is $44.75 and its two-hundred day simple moving average is $53.85. The company has a market cap of $3.58 billion, a P/E ratio of -181.67, a price-to-earnings-growth ratio of 13.25 and a beta of 0.73.

Intapp (NASDAQ:INTA - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the business earned $0.15 EPS. The business's revenue for the quarter was up 18.1% compared to the same quarter last year. 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, research analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Intapp declared that its board has authorized a stock repurchase plan on Tuesday, August 12th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 5.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

INTA has been the subject of several research analyst reports. Barclays lifted their price objective on Intapp from $44.00 to $47.00 and gave the stock an "underweight" rating in a report on Wednesday, August 13th. Citigroup reduced their price target on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. 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. Piper Sandler upgraded shares of Intapp to a "neutral" rating and set a $55.00 target price for the company in a research report on Tuesday, June 24th. Finally, UBS Group decreased their price target 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. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $60.63.

Institutional Trading of Intapp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thoroughbred Financial Services LLC lifted its holdings in Intapp by 128.0% in the 1st quarter. Thoroughbred Financial Services LLC now owns 13,768 shares of the company's stock worth $803,000 after purchasing an additional 7,729 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Intapp during the first quarter valued at approximately $924,000. Rhumbline Advisers lifted its holdings in shares of Intapp by 7.2% in the first quarter. Rhumbline Advisers now owns 78,398 shares of the company's stock worth $4,577,000 after buying an additional 5,257 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Intapp by 4.5% in the first quarter. Vanguard Group Inc. now owns 6,652,139 shares of the company's stock worth $388,352,000 after buying an additional 283,923 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Intapp by 61.9% during the first quarter. Bank of New York Mellon Corp now owns 264,088 shares of the company's stock worth $15,417,000 after acquiring an additional 101,004 shares during the last quarter. Institutional investors own 89.96% of the company's stock.

Intapp Company Profile

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.

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