Insider Selling: Intapp (NASDAQ:INTA) CFO Sells 10,000 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CFO David Morton, Jr. sold 10,000 shares of Intapp stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $40.88, for a total value of $408,800.00. Following the sale, the chief financial officer directly owned 120,074 shares of the company’s stock, valued at $4,908,625.12. This trade represents a 7.69% decrease in their position. 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 Price Performance

NASDAQ:INTA traded down $0.31 during midday trading on Wednesday, hitting $40.40. The company’s stock had a trading volume of 269,421 shares, compared to its average volume of 1,051,288. Intapp, Inc. has a fifty-two week low of $19.01 and a fifty-two week high of $47.93. The firm’s 50 day moving average is $30.88 and its 200-day moving average is $26.06. The firm has a market cap of $3.09 billion, a P/E ratio of -77.69, a P/E/G ratio of 15.80 and a beta of 0.42.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.36 by $0.05. The business had revenue of $152.53 million during the quarter, compared to analysts’ expectations of $149.75 million. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.30%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business posted $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 forecast that Intapp, Inc. will post 0.07 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Intapp from $58.00 to $47.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Intapp in a research note on Friday, June 5th. Wall Street Zen raised shares of Intapp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Zacks Research lowered shares of Intapp from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Finally, Barclays lifted their price objective on shares of Intapp from $25.00 to $29.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $37.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in INTA. Natixis Advisors LLC raised its position in Intapp by 2.2% in the 3rd quarter. Natixis Advisors LLC now owns 11,603 shares of the company’s stock valued at $475,000 after purchasing an additional 250 shares in the last quarter. Caxton Associates LLP grew its position in shares of Intapp by 6.9% during the second quarter. Caxton Associates LLP now owns 5,982 shares of the company’s stock worth $309,000 after buying an additional 388 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Intapp by 9.3% during the first quarter. PNC Financial Services Group Inc. now owns 5,652 shares of the company’s stock worth $145,000 after buying an additional 483 shares in the last quarter. Strive Financial Group LLC purchased a new stake in shares of Intapp during the fourth quarter worth approximately $28,000. Finally, State of Wyoming increased its stake in shares of Intapp by 75.7% during the fourth quarter. State of Wyoming now owns 1,597 shares of the company’s stock worth $73,000 after buying an additional 688 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

About Intapp

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.