Insider Selling: Intapp (NASDAQ:INTA) Insider Sells $1,823,253.84 in Stock

Intapp, Inc. (NASDAQ:INTA) insider David Harrison sold 40,284 shares of the company’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $45.26, for a total value of $1,823,253.84. Following the sale, the insider directly owned 15,599 shares of the company’s stock, valued at approximately $706,010.74. This represents a 72.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intapp Price Performance

NASDAQ INTA traded up $1.85 on Thursday, hitting $47.18. 687,449 shares of the company were exchanged, compared to its average volume of 958,922. The company’s 50 day moving average price is $39.54 and its 200-day moving average price is $30.37. The firm has a market capitalization of $3.62 billion, a P/E ratio of -90.73, a price-to-earnings-growth ratio of 17.29 and a beta of 0.34. Intapp, Inc. has a twelve month low of $19.01 and a twelve month high of $47.93.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.30%. The company had revenue of $152.53 million during the quarter, compared to analyst estimates of $149.75 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The business’s quarterly revenue was up 13.0% on a year-over-year basis. 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 expect that Intapp, Inc. will post 0.07 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on INTA. Truist Financial raised their price objective on shares of Intapp from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. UBS Group boosted their target price on shares of Intapp from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, September 21st. Barclays increased their target price on Intapp from $29.00 to $38.00 and gave the company an “underweight” rating in a report on Monday, October 12th. Zacks Research raised Intapp from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Finally, Piper Sandler lifted their price target on Intapp from $25.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Intapp presently has an average rating of “Hold” and a consensus price target of $39.14.

Hedge Funds Weigh In On Intapp

Several institutional investors and hedge funds have recently modified their holdings of INTA. Allworth Financial LP acquired a new position in shares of Intapp in the second quarter worth $33,000. Harbor Investment Advisory LLC purchased a new stake in shares of Intapp during the second quarter worth $36,000. GK Wealth Management LLC purchased a new stake in shares of Intapp during the third quarter worth $41,000. Optiver Holding B.V. raised its holdings in shares of Intapp by 2,232.1% during the first quarter. Optiver Holding B.V. now owns 1,819 shares of the company’s stock worth $47,000 after acquiring an additional 1,741 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Intapp during the second quarter valued at $55,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

About Intapp

Intapp, Inc develops cloud-based software for professional and financial services firms. Its platform is designed to help organizations manage client and relationship data, business development, risk and compliance processes, collaboration, time tracking, billing, and operational workflows.

The company’s product portfolio includes solutions for relationship management and deal management, professional-services time and billing, conflicts and compliance, document and information management, secure collaboration, and workflow automation.