Intapp (NASDAQ:INTA) CMO Dustin De Forest Sedgwick Sells 1,474 Shares

Intapp, Inc. (NASDAQ:INTA) CMO Dustin De Forest Sedgwick sold 1,474 shares of Intapp stock in a transaction on Monday, August 24th. The shares were sold at an average price of $41.21, for a total value of $60,743.54. Following the transaction, the chief marketing officer owned 22,112 shares in the company, valued at $911,235.52. This represents a 6.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intapp Price Performance

NASDAQ:INTA opened at $40.40 on Thursday. Intapp, Inc. has a fifty-two week low of $19.01 and a fifty-two week high of $47.93. The stock’s 50-day moving average is $31.25 and its two-hundred day moving average is $26.18. The stock has a market cap 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 posted its quarterly 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 analyst estimates of $149.75 million. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.30%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. 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, equities research analysts anticipate that Intapp, Inc. will post 0.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

INTA has been the topic of a number of recent research reports. Piper Sandler boosted their target price on Intapp from $25.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Truist Financial boosted their price target on Intapp from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Zacks Research cut shares of Intapp from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Barclays boosted their target price on shares of Intapp from $25.00 to $29.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Intapp in a research note on Friday, June 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $37.86.

Institutional Trading of Intapp

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new position in Intapp in the 2nd quarter worth $133,660,000. Bamco Inc. NY lifted its position in shares of Intapp by 15.5% during the 4th quarter. Bamco Inc. NY now owns 3,327,989 shares of the company’s stock worth $152,488,000 after purchasing an additional 447,039 shares during the last quarter. Capital World Investors lifted its position in shares of Intapp by 3.5% during the 4th quarter. Capital World Investors now owns 2,992,169 shares of the company’s stock worth $137,101,000 after purchasing an additional 100,000 shares during the last quarter. Wellington Management Group LLP boosted its stake in Intapp by 5.8% during the 2nd quarter. Wellington Management Group LLP now owns 2,046,759 shares of the company’s stock valued at $51,599,000 after purchasing an additional 112,735 shares during the period. Finally, Jennison Associates LLC boosted its stake in Intapp by 9.7% during the 1st quarter. Jennison Associates LLC now owns 2,008,826 shares of the company’s stock valued at $51,607,000 after purchasing an additional 177,201 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.