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Jampol Thad, the Chief Product Officer of Intapp , Inc. (NASDAQ:INTA), a company currently valued at $5.18 billion, recently executed a series of stock sales totaling approximately $1.35 million. These transactions, dated February 21 and February 24, 2025, involved the sale of common stock at prices ranging from $61.845 to $69.1765 per share. The stock has seen significant momentum, gaining over 50% in the past six months despite a recent 9.7% pullback last week. InvestingPro analysis suggests the stock is trading above its Fair Value, with analysts setting price targets between $68 and $92.
The sales were conducted under a 10b5-1 plan, which allows insiders to sell a predetermined number of shares at a predetermined time. This plan was put in place by Intapp on December 10, 2024, to cover tax liabilities incurred upon the vesting of performance share units and restricted share units.
Following these transactions, Thad’s direct ownership in Intapp stands at 857,250 shares. Additionally, there are 34,972 shares held indirectly by his spouse, although Thad disclaims beneficial ownership of these securities. The company maintains strong fundamentals with an 18.6% revenue growth in the last twelve months and receives a "Good" financial health score from InvestingPro, which offers 11 additional investment tips for this stock.
In other recent news, Intapp Inc. reported its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of $0.21, compared to the forecasted $0.16. The company also reported revenue of $121.2 million, slightly above the expected $121.16 million. Despite these positive results, Intapp’s stock experienced a decline in after-hours trading. The company’s strong financial performance is underscored by a 17% year-over-year increase in total revenue and a 27% surge in SaaS revenue, reflecting robust demand for its cloud-based solutions. Intapp’s cloud annual recurring revenue (ARR) grew by 29%, demonstrating its successful transition to cloud services. Analysts continue to show interest in Intapp’s future prospects, with some analysts providing positive feedback on the company’s strategic initiatives and partnerships. The company has projected SaaS revenue between $84 million and $85 million for Q3 Fiscal 2025, indicating a 27-28% growth. Intapp also plans to increase its market reach and capabilities, as highlighted by CEO John Hall, who emphasized ongoing digitalization trends driving the company’s growth.
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