Insider Selling: Intapp (NASDAQ:INTA) Director Sells 2,624 Shares of Stock

Key Points

• Intapp Director George Neble sold 2,624 shares at an average price of $40, generating $104,960. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan and reduced his direct ownership by 7.93%.
• Intapp shares rose 2.9% to $41.35, with the stock trading between a 12-month low of $19.01 and high of $47.93. The company recently beat quarterly earnings and revenue expectations, reporting $0.41 EPS and $152.53 million in revenue.
• Analyst sentiment remains 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) Director George Neble sold 2,624 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $40.00, for a total transaction of $104,960.00. Following the transaction, the director directly owned 30,465 shares of the company's stock, valued at $1,218,600. This represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intapp Stock Up 2.9%

Shares of NASDAQ INTA traded up $1.18 during trading on Friday, reaching $41.35. The company had a trading volume of 824,004 shares, compared to its average volume of 1,062,321. Intapp, Inc. has a 12-month low of $19.01 and a 12-month high of $47.93. The business's 50-day moving average is $29.82 and its 200 day moving average is $25.82. The stock has a market cap of $3.16 billion, a PE ratio of -79.52, a P/E/G ratio of 15.48 and a beta of 0.42.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.36 by $0.05. The firm had revenue of $152.53 million during the quarter, compared to analysts' expectations of $149.75 million. Intapp had a negative return on equity of 3.30% and a negative net margin of 7.15%.The business's quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. On average, analysts anticipate that Intapp, Inc. will post 0.07 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Citigroup raised their target price on shares of Intapp from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday, May 7th. Wall Street Zen upgraded Intapp from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. JPMorgan Chase & Co. dropped their target price on shares of Intapp from $58.00 to $47.00 and set an "overweight" rating on the stock in a report on Wednesday, May 6th. Zacks Research cut shares of Intapp from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 30th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Intapp in a report on Friday, June 5th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $37.86.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC boosted its stake in Intapp by 60.9% in the first quarter. AQR Capital Management LLC now owns 30,969 shares of the company's stock valued at $1,808,000 after acquiring an additional 11,719 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Intapp by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,737 shares of the company's stock valued at $1,853,000 after acquiring an additional 1,379 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Intapp by 2.3% in the first quarter. Goldman Sachs Group Inc. now owns 279,511 shares of the company's stock valued at $16,318,000 after acquiring an additional 6,210 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Intapp by 208.0% in the second quarter. Russell Investments Group Ltd. now owns 1,848 shares of the company's stock worth $95,000 after purchasing an additional 1,248 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Intapp in the second quarter worth $693,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Intapp Company Profile

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.

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