Key Points
- Director George Neble sold 2,624 Intapp shares at an average price of $40, generating $104,960 in proceeds. The Rule 10b5-1 plan transaction reduced his holdings by 7.93% to 30,465 shares.
- Intapp shares opened at $41.35 and were reported up 2.9%, while the company’s latest quarterly results exceeded expectations with adjusted EPS of $0.41 versus a $0.36 consensus and revenue of $152.53 million.
- Analyst sentiment remains mixed: the consensus rating is Hold with a $37.86 target price, despite Truist raising its target to $45 and other analysts issuing both upgrades and downgrades.
Intapp, Inc. (NASDAQ:INTA - Get Free Report) Director George Neble sold 2,624 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $40.00, for a total value of $104,960.00. Following the completion of the transaction, the director owned 30,465 shares of the company's stock, valued at approximately $1,218,600. This represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Intapp Stock Up 2.9%
Shares of Intapp stock opened at $41.35 on Friday. Intapp, Inc. has a 12-month low of $19.01 and a 12-month high of $47.93. The stock has a market cap of $3.16 billion, a P/E ratio of -79.52, a P/E/G ratio of 15.51 and a beta of 0.42. The business's 50 day moving average is $30.17 and its 200-day moving average is $25.93.
Intapp (NASDAQ:INTA - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share 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 firm's revenue was up 13.0% on a year-over-year basis. During the same period last year, the business earned $0.27 earnings per share. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. On average, sell-side analysts expect that Intapp, Inc. will post 0.07 EPS for the current year.
Institutional Trading of Intapp
Several hedge funds and other institutional investors have recently modified their holdings of INTA. Strive Financial Group LLC acquired a new position in Intapp in the 4th quarter valued at about $28,000. First Horizon Corp acquired a new stake in Intapp during the fourth quarter worth approximately $44,000. Federation des caisses Desjardins du Quebec lifted its position 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 worth $48,000 after acquiring an additional 950 shares during the last quarter. Allworth Financial LP acquired a new stake in Intapp during the second quarter worth approximately $33,000. Finally, Harbor Investment Advisory LLC bought a new stake in shares of Intapp during the second quarter worth approximately $36,000. Institutional investors own 89.96% of the company's stock.
Wall Street Analyst Weigh In
INTA has been the topic of several recent analyst reports. Zacks Research lowered shares of Intapp from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 30th. Truist Financial raised their target price on shares of Intapp from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded Intapp from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Citigroup boosted their price target on 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 upped their price objective on Intapp from $25.00 to $34.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $37.86.
Read Our Latest Stock Analysis on INTA
Intapp Company Profile
(
Get Free Report)
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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