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PALO ALTO, CA—John T Hall, Chief Executive Officer of Intapp , Inc. (NASDAQ:INTA), recently sold shares of the company’s common stock valued at approximately $2.29 million, according to a filing with the Securities and Exchange Commission. The transaction comes as the $5.25 billion market cap company shows strong momentum, with InvestingPro data revealing a 71.73% return over the past year and a "GOOD" overall financial health rating.
The transactions, which took place on February 20, 2025, involved multiple sales at prices ranging from $67.09 to $72.39 per share. The sales were executed under a pre-established 10b5-1 trading plan, which allows insiders to sell a predetermined number of shares at regular intervals. According to InvestingPro analysis, nine analysts have recently revised their earnings estimates upward, with price targets ranging from $68 to $92 per share.
In addition to the sales, Hall acquired 8,605 shares through the vesting of restricted share units (RSUs) on the same day. The RSUs were part of a compensation package linked to the performance of the company and were granted under the Intapp, Inc. 2021 Omnibus Incentive Plan.
Following these transactions, Hall directly owns 5,258,576 shares of Intapp, Inc. common stock. The sales were primarily conducted to cover tax liabilities incurred from the vesting of performance share units and RSUs.
In other recent news, Intapp Inc. reported its fourth-quarter 2024 earnings, exceeding earnings per share (EPS) expectations with a reported EPS of $0.21, surpassing the forecasted $0.16. The company also reported revenue of $121.2 million, slightly above the expected $121.16 million. Despite these positive earnings and revenue results, Intapp’s stock experienced a decline in after-hours trading. The company’s SaaS revenue saw a 27% year-over-year increase, and its cloud annual recurring revenue grew by 29%, indicating a strong transition to cloud services. Intapp projects SaaS revenue between $84 million and $85 million for Q3 Fiscal 2025, with total revenue expectations ranging from $128.3 million to $129.3 million. Analyst firms have not provided any recent upgrades or downgrades for Intapp’s stock. The company’s ongoing focus on cloud adoption and expanding market reach continues to drive its growth, as highlighted by CEO John Hall. These developments are part of Intapp’s strategy to capitalize on market opportunities and enhance its cloud-based offerings.
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