Intapp (NASDAQ:INTA) CFO Sells $408,800.00 in Stock

Intapp, Inc. (NASDAQ:INTAGet Free Report) CFO David Morton, Jr. sold 10,000 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $40.88, for a total value of $408,800.00. Following the transaction, the chief financial officer directly owned 120,074 shares in the company, valued at approximately $4,908,625.12. This represents a 7.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intapp Price Performance

INTA stock opened at $43.47 on Friday. Intapp, Inc. has a 1-year low of $19.01 and a 1-year high of $47.93. The firm has a fifty day moving average price of $32.11 and a two-hundred day moving average price of $26.44. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of -83.60, a PEG ratio of 16.87 and a beta of 0.42.

Intapp (NASDAQ:INTAGet Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The business had revenue of $152.53 million during the quarter, compared to the consensus estimate of $149.75 million. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.30%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. As a group, analysts expect that Intapp, Inc. will post 0.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on INTA. Barclays boosted their price objective on Intapp from $25.00 to $29.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Truist Financial raised their price objective on shares of Intapp from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. decreased their target price on Intapp from $58.00 to $47.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Citigroup lifted their target price on shares of Intapp from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Piper Sandler lifted their price target on Intapp from $25.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Intapp presently has a consensus rating of “Hold” and a consensus target price of $37.86.

Get Our Latest Stock Analysis on INTA

Hedge Funds Weigh In On Intapp

A number of institutional investors have recently modified their holdings of INTA. Strive Financial Group LLC bought a new position in Intapp in the 4th quarter worth $28,000. Federation des caisses Desjardins du Quebec increased its stake in Intapp by 913.5% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company’s stock valued at $48,000 after acquiring an additional 950 shares during the period. Allworth Financial LP acquired a new position in shares of Intapp in the second quarter valued at $33,000. Harbor Investment Advisory LLC bought a new position in shares of Intapp during the 2nd quarter worth about $36,000. Finally, State of Wyoming raised its position in Intapp by 75.7% in the fourth quarter. State of Wyoming now owns 1,597 shares of the company’s stock worth $73,000 after purchasing an additional 688 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

About Intapp

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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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Insider Buying and Selling by Quarter for Intapp (NASDAQ:INTA)

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