Intapp (NASDAQ:INTA) Shares Gap Down After Insider Selling

Intapp, Inc. (NASDAQ:INTA)’s stock price gapped down prior to trading on Wednesday after an insider sold shares in the company. The stock had previously closed at $42.95, but opened at $39.68. Intapp shares last traded at $40.8210, with a volume of 210,142 shares changing hands.

Specifically, CEO John Hall sold 3,000 shares of Intapp stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $47.32, for a total transaction of $141,960.00. Following the transaction, the chief executive officer owned 5,814,808 shares of the company’s stock, valued at $275,156,714.56. The trade was a 0.05% decrease in their ownership of the stock. The sale 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. Also, insider David Harrison sold 40,284 shares of the 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 sale, the insider directly owned 15,599 shares of the company’s stock, valued at $706,010.74. The trade was a 72.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on INTA shares. Barclays raised their price objective on shares of Intapp from $29.00 to $38.00 and gave the stock an “underweight” rating in a report on Monday, October 12th. Wall Street Zen raised shares of Intapp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Intapp in a report on Wednesday, September 2nd. UBS Group reiterated a “mixed” rating on shares of Intapp in a research report on Wednesday. Finally, Truist Financial lifted their price target on shares of Intapp from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $40.71.

Intapp News Roundup

Here are the key news stories impacting Intapp this week:

• Positive Sentiment: Quarterly results topped estimates: Intapp reported adjusted earnings of $0.44 per share, ahead of the $0.40 consensus, while revenue rose 16% year over year to $161.26 million, exceeding estimates of $159.63 million. Intapp fiscal 2027 first-quarter results
• Positive Sentiment: Celeste is gaining traction: Demand for Intapp’s Celeste AI platform has reportedly created an implementation backlog, suggesting strong customer interest. Intapp is hiring deployment engineers and promoting Intapp Walls for AI as a security and compliance layer for third-party AI tools used by law firms. Intapp AI platform investor takeaways
• Positive Sentiment: AI cost-control opportunity: Intapp’s Celeste platform can route complex requests to AI models while directing basic queries to less expensive databases, potentially helping law firms control AI-related technology spending and improving the product’s value proposition. The hidden cost of AI and Intapp Celeste
• Neutral Sentiment: Fiscal 2027 outlook: Management projected non-GAAP earnings per share of $1.64 to $1.68 for fiscal 2027, with Celeste adoption and additional deployment capacity expected to support growth. Intapp fiscal 2027 earnings guidance
• Neutral Sentiment: CEO stock sale was limited: CEO John Hall sold 3,000 shares for approximately $141,960 under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by only 0.05%, leaving him with more than 5.8 million shares, so it offers little meaningful bearish signal. Intapp CEO SEC Form 4 filing
• Negative Sentiment: Near-term guidance overshadowed the earnings beat: Investors viewed the second-quarter outlook as disappointing. Higher hiring and implementation expenses, along with the timing of Celeste deployments, may pressure short-term growth and profitability, driving the post-earnings decline.

Intapp Stock Down 3.1%

The stock has a market capitalization of $3.00 billion, a P/E ratio of -108.61, a P/E/G ratio of 15.58 and a beta of 0.34. The business has a fifty day moving average price of $40.01 and a 200-day moving average price of $30.22.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The firm had revenue of $161.26 million for the quarter, compared to analysts’ expectations of $159.63 million. Intapp had a negative net margin of 4.71% and a negative return on equity of 1.64%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 EPS. On average, equities analysts expect that Intapp, Inc. will post 0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its holdings in Intapp by 9.3% in 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 during the last quarter. Personal CFO Solutions LLC boosted its holdings in shares of 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 purchasing an additional 858 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of Intapp by 4.0% in the second quarter. Handelsbanken Fonder AB now owns 23,200 shares of the company’s stock valued at $585,000 after purchasing an additional 900 shares in the last quarter. Versant Capital Management Inc grew its position 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 valued at $66,000 after purchasing an additional 953 shares in the last quarter. Finally, Strs Ohio grew its position in shares of Intapp by 5.7% in 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 in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.