Intapp (NASDAQ:INTA) CEO Sells $113,790.00 in Stock

Intapp, Inc. (NASDAQ:INTA) CEO John Hall sold 3,000 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $37.93, for a total transaction of $113,790.00. Following the sale, the chief executive officer owned 5,814,808 shares of the company’s stock, valued at approximately $220,555,667.44. This represents a 0.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intapp Stock Performance

Shares of INTA stock traded down $0.49 during midday trading on Wednesday, hitting $37.00. 596,739 shares of the company were exchanged, compared to its average volume of 1,016,289. 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 $2.83 billion, a P/E ratio of -71.15, a PEG ratio of 14.66 and a beta of 0.45. The firm’s 50 day moving average price is $35.76 and its two-hundred day moving average price is $27.93.

Intapp (NASDAQ:INTA) last released its quarterly 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 firm had revenue of $152.53 million for 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 revenue was up 13.0% on a year-over-year basis. During the same period 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. Analysts expect that Intapp, Inc. will post 0.07 EPS for the current year.

Hedge Funds Weigh In On Intapp

Several hedge funds and other institutional investors have recently modified their holdings of INTA. BlackRock Inc. bought a new stake in shares of Intapp during the second quarter worth $133,660,000. Bamco Inc. NY bought a new position in shares of Intapp in the 2nd quarter valued at $50,184,000. Praesidium Investment Management Company LLC acquired a new stake in shares of Intapp during the 2nd quarter valued at $19,761,311. Norges Bank bought a new stake in Intapp during the 4th quarter worth $32,302,000. Finally, TimesSquare Capital Management LLC bought a new stake in Intapp during the 2nd quarter worth $12,650,000. Institutional investors own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on INTA. Barclays lifted their price target on Intapp from $25.00 to $29.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. Piper Sandler increased their price objective on Intapp from $25.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Zacks Research raised Intapp from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of Intapp in a research report on Wednesday, September 2nd. Finally, Wall Street Zen upgraded shares of Intapp from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $37.86.

About Intapp

Intapp, Inc provides cloud-based software designed for professional and financial services firms. Its platform helps organizations manage client relationships, business development, collaboration, time and expense tracking, billing, compliance, conflicts of interest, and other operational workflows.

The company’s products include DealCloud, a relationship intelligence and deal management platform for private capital markets and investment banking firms; Intapp Documents, which supports document and collaboration workflows; Intapp Time and Intapp Bill, which address time capture and billing processes; and solutions for managing conflicts, engagements, terms, and information barriers.