Key Points
- Intapp CEO John Hall sold 65,802 shares at an average price of $41.20, totaling approximately $2.71 million. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving Hall with about 5.81 million shares.
- Intapp’s latest quarterly results exceeded expectations, with adjusted earnings of $0.41 per share versus the $0.36 consensus estimate and revenue of $152.53 million. Revenue increased 13% year over year, although the company reported a negative net margin.
- Analyst sentiment remains mixed: Intapp has a consensus “Hold” rating and an average price target of $37.86, below its reported opening price of $40.40. Institutional investors own nearly 90% of the company’s shares.
Intapp, Inc. (NASDAQ:INTA - Get Free Report) CMO Dustin De Forest Sedgwick sold 1,474 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $41.21, for a total transaction of $60,743.54. Following the completion of the sale, the chief marketing officer directly owned 22,112 shares of the company's stock, valued at approximately $911,235.52. This trade represents a 6.25% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Performance
Shares of INTA opened at $40.40 on Thursday. The company has a 50-day simple moving average of $31.25 and a 200-day simple moving average of $26.18. Intapp, Inc. has a 52 week low of $19.01 and a 52 week high of $47.93. The firm has a market capitalization of $3.09 billion, a P/E ratio of -77.69, a P/E/G ratio of 15.72 and a beta of 0.42.
Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.05. Intapp had a negative return on equity of 3.30% and a negative net margin of 7.15%.The firm had revenue of $152.53 million for the quarter, compared to analyst estimates of $149.75 million. During the same period in the previous year, the company posted $0.27 earnings per share. The company's quarterly revenue was up 13.0% compared to the same quarter last year. 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, equities analysts forecast that Intapp, Inc. will post 0.07 earnings per share for the current year.
Institutional Investors Weigh In On Intapp
A number of hedge funds and other institutional investors have recently bought and sold shares of INTA. AQR Capital Management LLC grew its holdings in shares of Intapp by 60.9% during the first quarter. AQR Capital Management LLC now owns 30,969 shares of the company's stock worth $1,808,000 after purchasing an additional 11,719 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Intapp by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,737 shares of the company's stock worth $1,853,000 after buying an additional 1,379 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Intapp by 2.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,511 shares of the company's stock worth $16,318,000 after acquiring an additional 6,210 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Intapp by 208.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,848 shares of the company's stock worth $95,000 after acquiring an additional 1,248 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Intapp in the 2nd quarter valued at about $693,000. 89.96% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Citigroup lifted their target price on shares of Intapp from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. lowered their price objective on Intapp from $58.00 to $47.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 6th. Zacks Research cut Intapp from a "hold" rating to a "strong sell" rating in a report on Thursday, July 30th. Wall Street Zen raised Intapp from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Intapp in a research report on Friday, June 5th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $37.86.
View Our Latest Research Report on Intapp
About Intapp
(
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
