Intapp Executives Engage in Significant Stock Sales

Intapp executive sells over $7.4 million in company stock By Investing.com

Intapp, Inc. (NASDAQ:INTA) President of Industries, Harrison David Benjamin, has recently sold a significant portion of his company stock, according to the latest filings. On August 19, 2024, Benjamin disposed of a total of 174,362 shares of Intapp common stock, with transactions totaling approximately $7.44 million. The sales were executed in multiple transactions at weighted average prices of $42.6517 and $43.0822. Specifically, shares were sold in price ranges from $42.28 to $42.99, and from $43.00 to $43.31, respectively. These transactions were reported to have been conducted indirectly through the Harrison Family Legacy Trust, for which Benjamin's spouse serves as a trustee. In addition to the sales, Benjamin also acquired 40,460 shares of Intapp common stock, which were earned based on the achievement of applicable performance conditions over a certain period and vested on August 20, 2024. These shares represent a total value of $0, as they were granted under the company's 2021 Omnibus Incentive Plan and were subject to certain service-based vesting requirements. The executive's transactions come as part of his regular financial planning and portfolio management. Following these transactions, the trust still holds a significant number of shares in the company, indicating a continued stake in Intapp's performance and future. Investors often monitor insider transactions such as these for insights into executive sentiment towards their company's stock. Intapp, headquartered in Palo Alto (NASDAQ:PANW), California, specializes in prepackaged software services and remains a notable player in the technology sector. The transactions were disclosed in a Form 4 filing with the Securities and Exchange Commission, with the document signed by Brian Grube, Attorney-in-Fact, on August 21, 2024. In other recent news, Intapp reported a robust growth trajectory in its cloud-based offerings. The company's fiscal fourth quarter and year-end 2024 results showed a 33% year-over-year increase in cloud annual recurring revenue (ARR), which now stands at $297 million, representing 73% of the company's total ARR. Total revenue for the quarter reached $114 million, marking a 21% increase from the previous year. Additionally, Intapp added 73 accounts with ARR exceeding $1 million, reflecting a 38% year-over-year growth. The company's Software as a Service (SaaS) and support revenue also saw an increase of 25% year-over-year to $85 million. For the fiscal year 2025, Intapp projects its SaaS revenue to be between $326.7 million and $330.7 million. The company anticipates that over 90% of its future revenue will be generated through SaaS offerings. In terms of strategic growth drivers, Intapp highlighted strategic partnerships, product innovation, and international expansion. Despite a slower growth in the professional services business and a minimal expected revenue contribution from AI offerings in fiscal year 2025, the company remains optimistic about its overall growth trajectory. Recent developments also include new client wins in international markets and strong demand in the financial services sector, particularly investment banks. As Intapp, Inc. (NASDAQ:INTA) makes headlines with insider stock transactions, investors and market watchers are keen to understand the financial health and future prospects of the company. InvestingPro provides a nuanced perspective on Intapp's current market position and expected performance. One of the notable InvestingPro Tips for Intapp reveals that the company holds more cash than debt on its balance sheet, which can be a sign of financial stability and may provide the company with more flexibility to navigate market changes or invest in growth opportunities. Additionally, analysts have revised their earnings upwards for the upcoming period, demonstrating a positive outlook on the company's profitability. For those looking for more insights, there are 10 additional InvestingPro Tips available, which can be found at https://www.investing.com/pro/INTA. Turning to the real-time data provided by InvestingPro, Intapp's market capitalization stands at $3.18 billion. The company's price to book ratio is relatively high at 7.85, which could indicate that the market has high expectations for the company's growth or that its assets are being valued significantly by investors. Intapp has also shown strong revenue growth over the last twelve months with an increase of 22.7%, showcasing its ability to expand its business operations effectively. Moreover, the recent stock performance of Intapp has been significant, with a return over the last week of 10.46% and a return over the last month of 18.26%. This suggests that the stock has been gaining positive momentum in the market. However, with the stock trading near its 52-week high and the RSI suggesting it is in overbought territory, investors may want to keep an eye on potential volatility or price corrections. These InvestingPro Insights can help investors understand the context of the recent insider transactions and assess Intapp's financial health and market performance as they make informed investment decisions.

Intapp executive sells over $1m in company stock By Investing.com

Intapp, Inc. (NASDAQ:INTA) Chief Product Officer Thad Jampol has sold a significant portion of his holdings in the company, according to the latest filings with the Securities and Exchange Commission. The transactions, which took place on August 20 and 21, 2024, involved the sale of common stock totaling over $1 million. The sales were executed in multiple transactions at varying prices. On August 20, Jampol sold 18,975 shares at a weighted average price of $42.2288, with individual sales prices ranging from $41.93 to $42.71. On the following day, transactions included the sale of 19 shares at $41.99 each, 5,016 shares at a weighted average price of $42.6326, with prices ranging from $42.00 to $42.995, and a smaller sale of 3 shares at $43.00 per share. The total value of the shares sold by Jampol amounted to $1,016,063. These sales were part of a pre-arranged 10b5-1 trading plan established on June 10, 2024. Such plans allow company insiders to set up a predetermined schedule for selling shares to avoid accusations of trading on insider information. Following these transactions, Jampol still holds a substantial number of shares directly, with 772,412 shares remaining in his possession. Additionally, there are holdings attributed indirectly to him, including 34,972 shares owned by his spouse and 30,056 shares held in two separate trusts. Investors often monitor insider sales for insights into executive sentiment about their company's stock. However, it is important to note that such sales can occur for various reasons, including personal financial planning and diversification strategies. In other recent news, Intapp reported strong fiscal fourth quarter and year-end 2024 results, noting a significant 33% year-over-year increase in cloud annual recurring revenue (ARR), now standing at $297 million. This growth in cloud ARR represents 73% of the company's total ARR. Total revenue for the quarter was $114 million, a 21% increase from the previous year, and the company added 73 new accounts with ARR exceeding $1 million, marking a 38% year-over-year growth. Intapp is projecting SaaS revenue between $326.7 million and $330.7 million for fiscal year 2025, emphasizing operational efficiency, customer satisfaction, and international expansion as key growth drivers. The company expects over 90% of future revenue to be generated through SaaS offerings. However, it anticipates minimal contribution to revenue from AI offerings in fiscal year 2025. In terms of client growth, Intapp has secured new wins in various international markets and has successfully cross-sold and up-sold to existing clients. The company is building a robust partner ecosystem to meet growing demand and drive growth, with a particular focus on the financial services sector. These are the most recent developments for Intapp. As Intapp, Inc. (NASDAQ:INTA) witnesses its Chief Product Officer Thad Jampol divesting a portion of his stake, investors and market watchers may be keen on understanding the current financial health and market sentiment surrounding the company. Here are some insights drawn from InvestingPro that could shed light on Intapp's present market position: Intapp holds a market capitalization of $3.17 billion, reflecting its size and significance in the sector. Despite a negative P/E ratio of -96.92, which suggests that the market has expectations of future growth or profitability, the company has demonstrated robust revenue growth over the last twelve months, with a 22.7% increase. This growth trajectory is mirrored in the quarterly revenue growth figure of 20.88% for Q4 2024. InvestingPro Tips suggest that Intapp is expected to see net income growth this year, with 6 analysts having revised their earnings projections upwards for the upcoming period. This could indicate a positive outlook on the company's earning potential. Additionally, the company's stock has experienced a significant return over the last week, month, and three months, with respective total returns of 7.75%, 18.56%, and 15.51%. This suggests a strong short-term performance that could capture the interest of momentum investors. On the flip side, the company's Price / Book multiple stands at a high 7.87, which could imply that the stock is valued richly relative to its book value. This, coupled with the fact that Intapp is trading near its 52-week high, might raise questions about the sustainability of its current stock price levels. For investors seeking deeper insights, there are additional InvestingPro Tips available on the platform, including analysis of the company's balance sheet strength and profitability expectations. For a more comprehensive analysis and further tips on Intapp, Inc., investors can visit https://www.investing.com/pro/INTA, where additional valuable insights are available to help inform investment decisions.

Intapp CFO sells over $95k in company stock By Investing.com

Intapp, Inc. (NASDAQ:INTA) Chief Financial Officer David H. Morton Jr. has recently sold shares of the company's common stock, according to the latest SEC filings. The transactions, which took place on August 20 and 21, 2024, involved the sale of a total of 2,264 shares for more than $95,796. The sales were executed at weighted average prices, with a range of $41.99 to $42.71 for part of the shares sold on August 20, and $42.00 to $42.995 for the remaining shares disposed of on August 21. After these transactions, Morton still holds 4,398 shares of Intapp, Inc. The shares were sold as part of a planned strategy under a 10b5-1 trading plan, which was established on June 10, 2024. The trades were conducted to cover tax liabilities associated with the vesting of performance share units granted under the Intapp, Inc. 2021 Omnibus Incentive Plan. This plan allows executives to set up predetermined trading arrangements for selling stocks, providing a legal way to sell shares even when possessing inside information. Intapp, Inc., headquartered in Palo Alto (NASDAQ:PANW), California, is a leading provider of business applications for professional and financial services firms. The company specializes in prepackaged software solutions designed to address the unique operational challenges of service-based businesses. Investors often monitor insider transactions as they can provide insights into the leadership's confidence in the company's prospects. However, sales like these are also a routine part of compensation and tax planning for corporate executives. In other recent news, Intapp demonstrated significant growth in its cloud-based offerings, reporting a robust 33% year-over-year increase in cloud annual recurring revenue (ARR), which now stands at $297 million. This figure represents 73% of the company's total ARR. Total revenue for the quarter reached $114 million, marking a 21% increase from the previous year, and the company secured 73 new accounts with ARR over $1 million. In terms of future developments, Intapp projects a SaaS revenue between $326.7 million and $330.7 million for the fiscal year 2025, with over 90% of future revenue expected to be generated through SaaS offerings. While the company anticipates a slower growth in the professional services business and a minimal revenue contribution from AI offerings in fiscal year 2025, it remains optimistic due to new client wins in various international markets and strong demand in the financial services sector. Intapp plans to continue investing in sales and marketing efforts, particularly in international markets, and remains committed to operational efficiency. Despite the slower pace in the professional services segment, the company is confident in its overall growth trajectory. Intapp, Inc. (NASDAQ:INTA) has been experiencing significant financial movements that investors may want to consider. According to the latest data from InvestingPro, Intapp holds a market capitalization of approximately $3.17 billion USD. Despite the insider sales by CFO David H. Morton Jr., the company's financial health shows notable strengths and upcoming expectations. In particular, Intapp's balance sheet reflects a positive position, with the company holding more cash than debt, which could be an indicator of financial stability. Moreover, the company is expected to see net income growth this year, which aligns with the optimism surrounding its operational performance. Additionally, there has been a consensus among analysts, with 6 of them revising their earnings estimates upwards for the upcoming period, suggesting a bullish outlook on the company's profitability. This optimism is also reflected in the company's stock performance, with a strong return over the last week of 7.75%, and even more impressive gains over the last month and three months, at 18.56% and 15.51% respectively. However, it's worth noting that the current Price to Book (P/B) ratio stands at 7.87, which is considered high and might indicate the stock is trading at a premium compared to its book value. This could be a point of caution for value-oriented investors. Furthermore, the company's P/E ratio is currently negative at -96.92, which is not uncommon for growth companies investing heavily in their future expansion. For those interested in further insights, there are additional InvestingPro Tips available, providing a comprehensive analysis of Intapp's financial health and stock performance. To explore these insights in more depth, including the full list of additional tips, investors can visit InvestingPro's dedicated page for Intapp at https://www.investing.com/pro/INTA.

Intapp CMO Scott Fitzgerald sells shares worth $126,000 By Investing.com

Intapp, Inc. (NASDAQ:INTA) Chief Marketing Officer Scott Fitzgerald recently engaged in stock transactions involving the company's common stock. On August 19, 2024, Fitzgerald sold 3,000 shares at a price of $42.00 each, totaling $126,000. The sale was carried out in accordance with a pre-arranged 10b5-1 trading plan, which was established on March 15, 2024. Such plans allow company insiders to sell a predetermined number of shares at a predetermined time to avoid accusations of trading on insider information. In addition to the sale, Fitzgerald also received shares as part of his compensation package. The shares of Intapp's common stock reported were earned based on the achievement of certain performance conditions. These shares were subject to service-based vesting requirements that lapsed the day following the certification by the audit committee. Furthermore, Fitzgerald was granted restricted share units (RSUs) under the company's 2021 Omnibus Incentive Plan. The RSUs represent a contingent right to receive shares of common stock in the future, subject to continued employment with the company. Following these transactions, Fitzgerald's ownership in the company has been adjusted. After the sale of common stock and the vesting of shares, the total number of shares owned directly by Fitzgerald stands at 52,619. Investors often monitor insider transactions as they provide insights into how executives and directors are acting on their stock. The sale and acquisition of shares by company insiders can be indicative of their belief in the company's current performance and future prospects. In other recent news, Intapp, Inc. reported robust growth in its fiscal fourth quarter and year-end 2024 results, with a significant 33% year-over-year increase in cloud annual recurring revenue (ARR), now standing at $297 million. This represents 73% of the company's total ARR. Total revenue for the quarter reached $114 million, a 21% increase from the previous year. Additionally, the company added 73 accounts with ARR exceeding $1 million, marking a 38% year-over-year growth. These recent developments also include the firm's SaaS and support revenue, which increased by 25% year-over-year to $85 million. For fiscal year 2025, Intapp anticipates SaaS revenue to be between $326.7 million and $330.7 million, reflecting optimism about continued growth. The company also highlighted strategic partnerships, product innovation, and international expansion as key growth drivers. However, growth in the professional services business is slower compared to other segments. The firm also expects the contribution to revenue from AI offerings in fiscal year 2025 to be minimal. Despite these factors, Intapp has seen new client wins in various international markets and success in cross-selling and up-selling to existing clients, contributing to a positive outlook. Intapp, Inc. (NASDAQ:INTA) has shown a dynamic financial and market performance in the recent period, reflecting in several key metrics. The company holds a market capitalization of approximately $3.18 billion, indicating its substantial presence in the market. Despite a negative P/E ratio of -95.63, signaling that investors are currently paying more for the company's earnings than its net income justifies, Intapp's revenue growth stands out. Over the last twelve months leading up to Q4 2024, the company experienced a revenue increase of 22.7%, showcasing its ability to expand its sales in a competitive environment. One of the most striking InvestingPro Tips for Intapp is the significant return over the last month, with an 18.26% price total return. This surge aligns with the company's strong gross profit margin of 71.36%, a testament to its efficiency in managing its production costs and profitability. Additionally, the company's stock has been trading near its 52-week high, 95.05% of the peak value, reflecting investor confidence and market optimism about its performance and future prospects. For investors seeking deeper insights and more detailed analysis, there are additional InvestingPro Tips available, including the expectations of net income growth for the year and the fact that the company holds more cash than debt on its balance sheet, which can be found at InvestingPro. These tips offer valuable perspectives on the company's financial health and potential investment opportunities.