Intapp (NASDAQ:INTA) CFO David Morton, Jr. Sells 10,000 Shares of Stock

Intapp, Inc. (NASDAQ:INTA) CFO David Morton, Jr. sold 10,000 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $40.88, for a total transaction of $408,800.00. Following the sale, the chief financial officer owned 120,074 shares in the company, valued at $4,908,625.12. This represents a 7.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intapp Trading Down 0.8%

Intapp stock opened at $40.40 on Thursday. Intapp, Inc. has a 12-month low of $19.01 and a 12-month high of $47.93. The firm has a 50-day moving average price of $31.25 and a 200-day moving average price of $26.18. The firm has a market capitalization of $3.09 billion, a PE ratio of -77.69, a price-to-earnings-growth ratio of 15.72 and a beta of 0.42.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.41 EPS 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 the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company 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. As a group, sell-side analysts predict that Intapp, Inc. will post 0.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intapp

Institutional investors and hedge funds have recently bought and sold shares of the business. Strive Financial Group LLC purchased a new stake in shares of Intapp during the fourth quarter worth approximately $28,000. Allworth Financial LP purchased a new position in Intapp in the second quarter valued at $33,000. Harbor Investment Advisory LLC purchased a new position in Intapp in the second quarter valued at $36,000. Optiver Holding B.V. lifted its holdings in Intapp by 2,232.1% during the 1st quarter. Optiver Holding B.V. now owns 1,819 shares of the company’s stock worth $47,000 after buying an additional 1,741 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec boosted its position in shares of Intapp by 913.5% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company’s stock worth $48,000 after acquiring an additional 950 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Zacks Research downgraded shares of Intapp from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Barclays increased their price objective on shares of Intapp from $25.00 to $29.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. decreased their target price on shares of Intapp from $58.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Citigroup increased their price target on Intapp from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Truist Financial lifted their price objective on Intapp from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.86.

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.