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

Intapp, Inc. (NASDAQ:INTA) CFO David Morton, Jr. sold 10,000 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $40.88, for a total transaction of $408,800.00. Following the completion of the transaction, the chief financial officer directly owned 120,074 shares of the company’s stock, valued at $4,908,625.12. This trade represents a 7.69% decrease in their position. The transaction was disclosed in a filing 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 Trading Up 8.2%

NASDAQ INTA opened at $43.70 on Friday. Intapp, Inc. has a 1-year low of $19.01 and a 1-year high of $47.93. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of -84.04, a PEG ratio of 15.60 and a beta of 0.42. The stock’s 50 day moving average is $31.68 and its two-hundred day moving average is $26.32.

Intapp (NASDAQ:INTA) last issued its earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. The business had revenue of $152.53 million during the quarter, compared to analysts’ expectations 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 period 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, analysts predict that Intapp, Inc. will post 0.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

INTA has been the subject of a number of analyst reports. Citigroup lifted their price objective on Intapp from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen upgraded shares of Intapp from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. JPMorgan Chase & Co. cut their price target on shares of Intapp from $58.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Zacks Research lowered shares of Intapp from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Finally, 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 report on Wednesday, August 5th. Four investment 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $37.86.

Institutional Trading of Intapp

Several institutional investors and hedge funds have recently made changes to their positions in the business. Strive Financial Group LLC bought a new position in shares of Intapp in the 4th quarter worth $28,000. Federation des caisses Desjardins du Quebec increased its holdings in Intapp by 913.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company’s stock valued at $48,000 after purchasing an additional 950 shares during the last quarter. Allworth Financial LP acquired a new position in Intapp in the second quarter valued at about $33,000. Harbor Investment Advisory LLC acquired a new position in Intapp in the second quarter valued at about $36,000. Finally, State of Wyoming boosted its holdings in Intapp by 75.7% during the fourth quarter. State of Wyoming now owns 1,597 shares of the company’s stock worth $73,000 after buying an additional 688 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Intapp Company Profile

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.