Intapp (NASDAQ:INTA) Share Price Crosses Below 50-Day Moving Average on Insider Selling

Intapp, Inc. (NASDAQ:INTA) crossed below its fifty day moving average during trading on Thursday following insider selling activity. The stock has a fifty day moving average of $40.01 and traded as low as $38.03. Intapp shares last traded at $39.10, with a volume of 1,289,413 shares trading hands.

Specifically, CEO John Hall sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $47.32, for a total value of $141,960.00. Following the completion of the sale, the chief executive officer owned 5,814,808 shares of the company’s stock, valued at approximately $275,156,714.56. This represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on INTA shares. Zacks Research raised shares of Intapp from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Piper Sandler upped their price objective on shares of Intapp from $25.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a research note on Wednesday. Wall Street Zen upgraded Intapp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, UBS Group reiterated a “mixed” rating on shares of Intapp in a report on Wednesday. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Intapp presently has an average rating of “Hold” and a consensus price target of $40.71.

Trending Headlines about Intapp

Here are the key news stories impacting Intapp this week:

• Positive Sentiment: Quarterly results topped estimates: Intapp reported adjusted earnings of $0.44 per share, ahead of the $0.40 consensus, while revenue rose 16% year over year to $161.26 million, exceeding estimates of $159.63 million. Intapp fiscal 2027 first-quarter results
• Positive Sentiment: Celeste is gaining traction: Demand for Intapp’s Celeste AI platform has reportedly created an implementation backlog, suggesting strong customer interest. Intapp is hiring deployment engineers and promoting Intapp Walls for AI as a security and compliance layer for third-party AI tools used by law firms. Intapp AI platform investor takeaways
• Positive Sentiment: AI cost-control opportunity: Intapp’s Celeste platform can route complex requests to AI models while directing basic queries to less expensive databases, potentially helping law firms control AI-related technology spending and improving the product’s value proposition. The hidden cost of AI and Intapp Celeste
• Neutral Sentiment: Fiscal 2027 outlook: Management projected non-GAAP earnings per share of $1.64 to $1.68 for fiscal 2027, with Celeste adoption and additional deployment capacity expected to support growth. Intapp fiscal 2027 earnings guidance
• Neutral Sentiment: CEO stock sale was limited: CEO John Hall sold 3,000 shares for approximately $141,960 under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by only 0.05%, leaving him with more than 5.8 million shares, so it offers little meaningful bearish signal. Intapp CEO SEC Form 4 filing
• Negative Sentiment: Near-term guidance overshadowed the earnings beat: Investors viewed the second-quarter outlook as disappointing. Higher hiring and implementation expenses, along with the timing of Celeste deployments, may pressure short-term growth and profitability, driving the post-earnings decline.

Intapp Price Performance

The stock’s 50 day simple moving average is $40.01 and its two-hundred day simple moving average is $30.22. The stock has a market cap of $3.00 billion, a P/E ratio of -108.61, a price-to-earnings-growth ratio of 15.58 and a beta of 0.34.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, October 27th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. Intapp had a negative net margin of 4.71% and a negative return on equity of 1.64%. The company had revenue of $161.26 million during the quarter, compared to analysts’ expectations of $159.63 million. During the same quarter in the prior year, the company earned $0.24 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, analysts forecast that Intapp, Inc. will post 0.07 earnings per share for the current fiscal year.

Institutional Trading of Intapp

A number of institutional investors have recently modified their holdings of INTA. GK Wealth Management LLC bought a new stake in Intapp in the 3rd quarter valued at approximately $41,000. Allworth Financial LP bought a new position in Intapp in the 2nd quarter valued at about $33,000. Harbor Investment Advisory LLC bought a new position in shares of Intapp during the second quarter worth approximately $36,000. Sterling Capital Management LLC lifted its holdings in shares of Intapp by 800.5% during the third quarter. Sterling Capital Management LLC now owns 1,774 shares of the company’s stock worth $64,000 after buying an additional 1,577 shares in the last quarter. Finally, Optiver Holding B.V. boosted its holdings in Intapp by 2,232.1% in the 1st quarter. Optiver Holding B.V. now owns 1,819 shares of the company’s stock valued at $47,000 after purchasing an additional 1,741 shares during the period. 89.96% of the stock is currently owned by 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.