Intapp (NASDAQ:INTA) CMO Sells $60,743.54 in Stock

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 stock was sold at an average price of $41.21, for a total transaction of $60,743.54. Following the completion of the transaction, the chief marketing officer owned 22,112 shares in the company, valued at approximately $911,235.52. This represents a 6.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intapp Stock Performance

NASDAQ:INTA opened at $43.47 on Friday. Intapp, Inc. has a fifty-two week low of $19.01 and a fifty-two week high of $47.93. The company has a 50 day moving average price of $32.11 and a 200 day moving average price of $26.44. The stock has a market capitalization of $3.33 billion, a P/E ratio of -83.60, a PEG ratio of 16.87 and a beta of 0.42.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 company had revenue of $152.53 million for the quarter, compared to analyst estimates of $149.75 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. Research analysts forecast that Intapp, Inc. will post 0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of INTA. Amundi increased its position in Intapp by 24.0% during the second quarter. Amundi now owns 32,292 shares of the company’s stock worth $814,000 after buying an additional 6,245 shares during the period. California State Teachers Retirement System grew its position in shares of Intapp by 2,361.0% during the second quarter. California State Teachers Retirement System now owns 1,879,103 shares of the company’s stock worth $47,372,000 after acquiring an additional 1,802,749 shares during the last quarter. AXQ Capital LP acquired a new position in shares of Intapp in the 2nd quarter valued at $205,000. Thrive Wealth Management LLC purchased a new stake in Intapp in the 2nd quarter valued at $243,000. Finally, Hsbc Holdings PLC acquired a new stake in Intapp during the 2nd quarter worth $287,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on INTA shares. Truist Financial increased their price target on shares of Intapp from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. cut their target price on shares of Intapp from $58.00 to $47.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Citigroup raised their price target on shares of Intapp from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Wall Street Zen raised Intapp from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, Barclays lifted their target price on Intapp from $25.00 to $29.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.