Intapp (NASDAQ:INTA) CFO David Morton, Jr. Sells 9,943 Shares

Intapp, Inc. (NASDAQ:INTA) CFO David Morton, Jr. sold 9,943 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $42.06, for a total transaction of $418,202.58. Following the completion of the transaction, the chief financial officer owned 51,623 shares in the company, valued at $2,171,263.38. This represents a 16.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Intapp Price Performance

Shares of NASDAQ INTA opened at $41.90 on Friday. The company’s 50 day simple moving average is $44.96 and its 200 day simple moving average is $54.31. Intapp, Inc. has a fifty-two week low of $35.51 and a fifty-two week high of $77.74. The firm has a market capitalization of $3.39 billion, a P/E ratio of -174.58, a P/E/G ratio of 12.94 and a beta of 0.73.

Intapp (NASDAQ:INTA) last posted its earnings results on Tuesday, August 12th. The company reported $0.27 earnings per share for the quarter, topping 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 0.91%. The company had revenue of $135.04 million for the quarter, compared to analyst estimates of $132.07 million. During the same period last year, the business posted $0.15 earnings per share. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. 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 expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Intapp announced that its Board of Directors has initiated a stock buyback program on Tuesday, August 12th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to buy up to 5.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Barclays raised 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. Wall Street Zen downgraded 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 for the company in a research report on Wednesday, July 16th. UBS Group decreased their target price on shares of Intapp from $83.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, August 13th. Finally, Piper Sandler raised shares of Intapp to a “neutral” rating and set a $55.00 target price for the company in a research report on Tuesday, June 24th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $60.63.

Institutional Trading of Intapp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jefferies Financial Group Inc. acquired a new stake in Intapp in the 1st quarter worth about $924,000. Thoroughbred Financial Services LLC raised its position in shares of Intapp by 128.0% in the 1st quarter. Thoroughbred Financial Services LLC now owns 13,768 shares of the company’s stock valued at $803,000 after buying an additional 7,729 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Intapp by 79.4% in the 4th quarter. Wells Fargo & Company MN now owns 30,607 shares of the company’s stock valued at $1,962,000 after buying an additional 13,543 shares in the last quarter. Rhumbline Advisers raised its position in shares of Intapp by 7.2% in the 1st quarter. Rhumbline Advisers now owns 78,398 shares of the company’s stock valued at $4,577,000 after buying an additional 5,257 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Intapp by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 6,652,139 shares of the company’s stock valued at $388,352,000 after buying an additional 283,923 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

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.