Intapp (NASDAQ:INTA) CEO Sells $837,974.10 in Stock

Key Points

• Intapp CEO John Hall sold 19,515 shares for $837,974.10, reducing his ownership stake by 0.35% but still retaining approximately $240 million in stock.
• The company posted a Q1 earnings report exceeding analyst expectations, with revenue up 18.1% year-over-year, although it has a negative net margin of 3.61%.
• Intapp's board has initiated a share repurchase plan allowing the repurchase of up to $150 million in shares, indicating a belief that the stock is undervalued.

Intapp, Inc. (NASDAQ:INTA - Get Free Report) CEO John Hall sold 19,515 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $42.94, for a total transaction of $837,974.10. Following the completion of the transaction, the chief executive officer directly owned 5,598,775 shares of the company's stock, valued at approximately $240,411,398.50. This trade represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Intapp Stock Up 1.8%

NASDAQ:INTA traded up $0.78 during trading hours on Monday, hitting $43.60. The stock had a trading volume of 1,412,920 shares, compared to its average volume of 1,352,024. The company has a 50 day simple moving average of $44.75 and a two-hundred day simple moving average of $53.85. Intapp, Inc. has a one year low of $35.51 and a one year high of $77.74.

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

Intapp declared that its board has initiated a share repurchase plan on Tuesday, August 12th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 5.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. REAP Financial Group LLC lifted its stake in shares of Intapp by 218.5% in the second quarter. REAP Financial Group LLC now owns 481 shares of the company's stock worth $25,000 after buying an additional 330 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Intapp by 74.2% during the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock valued at $31,000 after purchasing an additional 224 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Intapp during the second quarter valued at approximately $31,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Intapp during the first quarter valued at approximately $36,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Intapp by 356.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 643 shares of the company's stock valued at $33,000 after purchasing an additional 502 shares during the last quarter. Institutional investors own 89.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on INTA shares. Barclays lifted their target price on shares of Intapp from $44.00 to $47.00 and gave the company an "underweight" rating in a research note on Wednesday, August 13th. Citigroup cut their target price on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 16th. Wall Street Zen lowered shares of Intapp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st. Stifel Nicolaus dropped 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. Finally, UBS Group dropped their price objective on shares of Intapp from $83.00 to $72.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $60.63.

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.

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