Intapp (NASDAQ:INTA) Insider Michele Murgel Sells 2,604 Shares

Key Points

• Insider Michele Murgel sold 2,604 shares of Intapp at an average price of $41.80, totaling approximately $108,847, which decreased their ownership by 1.16%.
• Intapp reported Q1 earnings with an EPS of $0.27, surpassing estimates, and projected EPS guidance for FY 2026 between $1.090 and $1.130.
• The company approved a stock buyback plan of $150 million, allowing for the repurchase of up to 5.2% of its shares, indicating management's belief in the stock's undervaluation.

Intapp, Inc. (NASDAQ:INTA - Get Free Report) insider Michele Murgel sold 2,604 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $41.80, for a total transaction of $108,847.20. Following the transaction, the insider directly owned 221,918 shares of the company's stock, valued at $9,276,172.40. This trade represents a 1.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Michele Murgel also recently made the following trade(s):

• On Wednesday, August 20th, Michele Murgel sold 5,425 shares of Intapp stock. The shares were sold at an average price of $42.06, for a total transaction of $228,175.50.

Intapp Stock Performance

Shares of INTA traded up $0.78 during midday trading on Monday, hitting $43.60. 1,412,920 shares of the company traded hands, compared to its average volume of 742,219. The firm has a 50 day moving average of $44.75 and a 200-day moving average of $53.85. Intapp, Inc. has a 52 week low of $35.51 and a 52 week high of $77.74. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of -181.67, a PEG ratio of 13.25 and a beta of 0.73.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported $0.27 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 during the quarter, compared to the consensus estimate of $132.07 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The business's revenue 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. Sell-side analysts predict that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on INTA shares. Wall Street Zen cut shares of Intapp from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st. Citigroup decreased their target price on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 16th. Barclays upped their target price on shares of Intapp from $44.00 to $47.00 and gave the company an "underweight" rating in a research report on Wednesday, August 13th. Piper Sandler upgraded shares of Intapp to a "neutral" rating and set a $55.00 target price on the stock in a research report on Tuesday, June 24th. Finally, Stifel Nicolaus decreased their target price on shares of Intapp from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $60.63.

Hedge Funds Weigh In On Intapp

Hedge funds have recently added to or reduced their stakes in the stock. REAP Financial Group LLC grew its stake in Intapp by 218.5% in the 2nd quarter. REAP Financial Group LLC now owns 481 shares of the company's stock worth $25,000 after acquiring an additional 330 shares in the last quarter. Farther Finance Advisors LLC boosted its stake 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 in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Intapp during the second quarter valued at approximately $31,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Intapp during the first quarter valued at approximately $36,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Intapp by 356.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 643 shares of the company's stock valued at $33,000 after acquiring an additional 502 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

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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