Intapp Chief Product Officer Sells Over $4,000 in Company Stock

Intapp, Inc. Insider Transactions and Company Updates

Thad Jampol, Chief Product Officer of Intapp, Inc. (NASDAQ:INTA), has recently completed stock transactions, as reported in a new SEC filing. On September 23, Jampol sold 82 shares of common stock at an average price of $49.48, bringing in approximately $4,057.

These transactions were made under a pre-established 10b5-1 trading plan, which enables company insiders to schedule stock trades while not in possession of material non-public information. Jampol established this trading plan on December 13, 2023.

In addition to the sale, Jampol exercised options to purchase 82 shares of Intapp’s common stock at $3.99 per share, totaling $327. These options were part of an employee stock option plan and were fully vested at the time of exercise.

After these transactions, Jampol’s direct holdings in Intapp’s common stock now total 772,412 shares. The SEC filing also revealed his indirect holdings, which include 34,972 shares owned by his spouse and 30,056 shares held in two trusts where Jampol is a trustee.

Intapp, based in Palo Alto, California, specializes in prepackaged software services and has operated under the name Intapp, Inc. since rebranding from LegalApp Holdings, Inc. in 2012. The company’s fiscal year concludes on June 30.

Insider transactions are closely watched by investors as they can provide insights into executives’ views on the company’s future prospects. However, it’s essential to understand that these trades do not always indicate specific trends, as they may stem from personal financial considerations of the insiders.

In other recent developments, Intapp has made notable progress. Stifel, a prominent financial services firm, has maintained a Buy rating on Intapp shares, raising the price target from $45 to $60. This revision anticipates changes in the timing of new cloud Annual Recurring Revenue (ARR) and reflects an updated outlook for the company’s performance in the first quarter.

Furthermore, Intapp reported impressive results for its fiscal fourth quarter and year-end 2024, with a 33% increase in cloud ARR to $297 million, which now makes up 73% of the company’s total ARR. The company also added 73 accounts with ARR exceeding $1 million, a growth of 38% year-over-year. Total revenue for the quarter reached $114 million, representing a 21% increase compared to the previous year.

Looking ahead, Intapp forecasts SaaS revenue for fiscal year 2025 in the range of $326.7 million to $330.7 million, supported by strategic partnerships, product innovation, and international expansion. Although growth in its professional services business is expected to slow and minimal revenue from AI offerings is anticipated for fiscal year 2025, Intapp remains optimistic about its growth trajectory.

As Intapp navigates market complexities, recent data indicates a market capitalization of $3.81 billion, with robust revenue growth of 22.7% in the past year as of Q4 2024, highlighting the company’s operational potential. The gross profit margin stands at an impressive 71.28%, showcasing its ability to maintain profitability.

An encouraging sign for financial stability is the fact that Intapp holds more cash than debt, enabling it to invest in growth opportunities and withstand economic challenges. Analyst earnings revisions have trended upward, suggesting a positive outlook for the company’s performance.

Despite not paying dividends, Intapp’s stock has delivered a strong return of 60.7% over the last year, trading close to its 52-week high at nearly its peak value. The stock has seen a total return of 42.7% over the past three months, attracting the interest of growth-oriented investors.

With the next earnings date set for November 5, 2024, attention will be focused on whether the company’s financial results align with the positive forecasts from analysts. The estimated fair value for Intapp currently stands at $35.21, which is lower than the recent closing price of $50.3, indicating that investors may need to consider valuation metrics when evaluating Intapp’s stock.

This article was generated with AI assistance and reviewed by an editor.