Insider Selling: Intapp (NASDAQ:INTA) CMO Sells 1,474 Shares

Intapp, Inc. (NASDAQ:INTA) CMO Dustin De Forest Sedgwick sold 1,474 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $41.21, for a total value of $60,743.54. Following the sale, the chief marketing officer owned 22,112 shares in the company, 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 available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intapp Price Performance

Shares of NASDAQ:INTA traded down $0.31 during trading on Wednesday, hitting $40.40. The company had a trading volume of 269,421 shares, compared to its average volume of 1,051,288. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of -77.69, a price-to-earnings-growth ratio of 15.80 and a beta of 0.42. The company has a fifty day simple moving average of $30.88 and a two-hundred day simple moving average of $26.06. Intapp, Inc. has a one year low of $19.01 and a one year high of $47.93.

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 company had revenue of $152.53 million for the quarter, compared to analyst estimates of $149.75 million. Intapp had a negative return on equity of 3.30% and a negative net margin of 7.15%.Intapp’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. On average, equities research analysts anticipate that Intapp, Inc. will post 0.07 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on INTA. Piper Sandler raised their price objective on shares of Intapp from $25.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Zacks Research downgraded Intapp from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Truist Financial raised their price target on Intapp from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Barclays boosted their price objective on Intapp from $25.00 to $29.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. Finally, Wall Street Zen raised Intapp from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Intapp has a consensus rating of “Hold” and a consensus price target of $37.86.

Hedge Funds Weigh In On Intapp

A number of hedge funds have recently added to or reduced their stakes in INTA. BlackRock Inc. purchased a new position in shares of Intapp during the second quarter worth approximately $133,660,000. Bamco Inc. NY boosted its holdings in shares of Intapp by 15.5% in the fourth quarter. Bamco Inc. NY now owns 3,327,989 shares of the company’s stock valued at $152,488,000 after purchasing an additional 447,039 shares during the period. Capital World Investors boosted its holdings in shares of Intapp by 3.5% in the fourth quarter. Capital World Investors now owns 2,992,169 shares of the company’s stock valued at $137,101,000 after purchasing an additional 100,000 shares during the period. Wellington Management Group LLP grew its stake in Intapp by 5.8% in the second quarter. Wellington Management Group LLP now owns 2,046,759 shares of the company’s stock worth $51,599,000 after purchasing an additional 112,735 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in Intapp by 9.7% in the first quarter. Jennison Associates LLC now owns 2,008,826 shares of the company’s stock worth $51,607,000 after purchasing an additional 177,201 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

About Intapp

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.