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

Intapp, Inc. (NASDAQ:INTA)’s share 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 trading hands.

Specifically, CEO John Hall sold 3,000 shares of the stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $47.32, for a total value of $141,960.00. Following the transaction, the chief executive officer owned 5,814,808 shares of the company’s stock, valued at approximately $275,156,714.56. This represents a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Harrison sold 40,284 shares of the firm’s stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $45.26, for a total value of $1,823,253.84. Following the transaction, the insider owned 15,599 shares in the company, valued at approximately $706,010.74. This trade represents a 72.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Ratings Changes

INTA has been the subject of several analyst reports. Zacks Research upgraded Intapp from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Citigroup increased their price target on shares of Intapp from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday. UBS Group reissued a “mixed” rating on shares of Intapp in a research note on Wednesday. Piper Sandler boosted their price objective on shares of Intapp from $25.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Barclays upped their target price on shares of Intapp from $29.00 to $38.00 and gave the company an “underweight” rating in a research note on Monday, October 12th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $40.71.

Intapp News Summary

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 Price Performance

The business has a 50 day simple moving average of $40.01 and a 200-day simple moving average of $30.22. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of -108.61, a PEG ratio of 15.58 and a beta of 0.34.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, October 27th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Intapp had a negative return on equity of 1.64% and a negative net margin of 4.71%. The company had revenue of $161.26 million for the quarter, compared to analyst estimates of $159.63 million. During the same quarter last year, the firm posted $0.24 earnings per share. Intapp’s revenue was up 16.0% compared to the same quarter last year. As a group, equities analysts predict that Intapp, Inc. will post 0.07 earnings per share for the current year.

Institutional Trading of Intapp

Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its holdings in Intapp by 9.3% during the first quarter. PNC Financial Services Group Inc. now owns 5,652 shares of the company’s stock worth $145,000 after purchasing an additional 483 shares during the last quarter. Personal CFO Solutions LLC grew its position in Intapp by 8.8% in the first quarter. Personal CFO Solutions LLC now owns 10,559 shares of the company’s stock valued at $271,000 after purchasing an additional 858 shares in the last quarter. Handelsbanken Fonder AB grew its position in 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 increased its stake in Intapp by 109.5% in the 3rd quarter. Versant Capital Management Inc now owns 1,823 shares of the company’s stock valued at $66,000 after buying an additional 953 shares during the last quarter. Finally, Strs Ohio lifted its position in Intapp by 5.7% during the 1st quarter. Strs Ohio now owns 20,300 shares of the company’s stock worth $522,000 after buying an additional 1,100 shares in the last quarter. 89.96% of the stock is owned by institutional investors.

Intapp Company Profile

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.