Intapp (NASDAQ:INTA) Insider David Benjamin Harrison Sells 40,284 Shares of Company Stock

Intapp, Inc. (NASDAQ:INTA) insider David Harrison sold 40,284 shares of Intapp stock in a transaction that occurred 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 completion of the transaction, the insider owned 15,599 shares of the company’s stock, valued at approximately $706,010.74. The trade was a 72.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intapp Trading Up 4.1%

NASDAQ:INTA opened at $47.18 on Friday. The firm has a market capitalization of $3.62 billion, a PE ratio of -90.73, a price-to-earnings-growth ratio of 17.50 and a beta of 0.34. The stock has a 50 day moving average of $39.66 and a 200-day moving average of $30.52. Intapp, Inc. has a 52 week low of $19.01 and a 52 week high of $47.93.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. Intapp had a negative return on equity of 3.30% and a negative net margin of 7.15%. The business had revenue of $152.53 million for the quarter, compared to analysts’ expectations of $149.75 million. During the same period in the prior year, the firm earned $0.27 EPS. 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, analysts predict that Intapp, Inc. will post 0.07 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on INTA shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Intapp in a research note on Wednesday, September 2nd. Wall Street Zen raised shares of Intapp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Zacks Research upgraded shares of Intapp from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Truist Financial increased 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. Finally, Piper Sandler increased their price objective on shares of Intapp from $25.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Intapp presently has a consensus rating of “Hold” and a consensus price target of $39.14.

Hedge Funds Weigh In On Intapp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its stake in Intapp by 9.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,652 shares of the company’s stock valued at $145,000 after acquiring an additional 483 shares in the last quarter. Personal CFO Solutions LLC boosted its position in Intapp by 8.8% during the 1st quarter. Personal CFO Solutions LLC now owns 10,559 shares of the company’s stock worth $271,000 after acquiring an additional 858 shares during the period. Handelsbanken Fonder AB grew its stake in shares of Intapp by 4.0% in the second quarter. Handelsbanken Fonder AB now owns 23,200 shares of the company’s stock worth $585,000 after purchasing an additional 900 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Intapp by 109.5% in the third quarter. Versant Capital Management Inc now owns 1,823 shares of the company’s stock worth $66,000 after purchasing an additional 953 shares in the last quarter. Finally, Strs Ohio increased its holdings in shares of Intapp by 5.7% during the first quarter. Strs Ohio now owns 20,300 shares of the company’s stock valued at $522,000 after purchasing an additional 1,100 shares during the period. 89.96% of the stock is 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.