Intapp chief product officer sells $1.14 million in shares

Thad Jampol, Chief Product Officer at Intapp , Inc. (NASDAQ:INTA), recently sold a substantial portion of his holdings in the company, according to a recent SEC filing. On March 10, Jampol sold 20,000 shares of Intapp’s common stock, generating approximately $1.14 million. The shares were sold at prices ranging from $56.61 to $58.29. The transaction comes as Intapp’s stock, currently trading at $61.05, has seen a significant 71.8% gain over the past year, despite a recent 9.5% pullback last week. According to InvestingPro analysis, the company appears overvalued at current levels.

In addition to the sale, Jampol exercised options to acquire 20,000 shares at a price of $3.99 each, totaling $79,800. Following these transactions, Jampol holds 857,250 shares directly in the $4.84 billion market cap company. Analysts maintain a positive outlook, with price targets ranging from $68 to $92 per share. Discover more insights about Intapp’s valuation and growth prospects in the comprehensive InvestingPro Research Report.

These transactions were conducted under a pre-arranged 10b5-1 trading plan, which Jampol established in December 2023. The company maintains strong financial health with a "Good" overall score according to InvestingPro metrics, supported by robust revenue growth of 18.6% in the last twelve months.

In other recent news, Intapp Inc. reported its fourth-quarter 2024 earnings, exceeding expectations with an earnings per share (EPS) of $0.21, compared to the forecasted $0.16. The company’s revenue reached $121.2 million, slightly above the anticipated $121.16 million, marking a 17% year-over-year increase. Despite these strong results, Intapp’s stock experienced a decline in after-hours trading. Additionally, the company announced a 27% year-over-year increase in SaaS revenue, with 92% of clients now utilizing at least one cloud module, reflecting robust demand for its cloud-based solutions. In another development, BofA Securities reaffirmed a Buy rating for Intapp, maintaining a price target of $76.00 following the company’s second-quarter fiscal year 2025 results. This endorsement highlights confidence in Intapp’s long-term strategy and product offerings, including the recent launch of DealCloud Activator, an AI-enabled product. Intapp’s focus on the professional and financial services sectors is seen as a significant growth driver, with BofA Securities anticipating a Cloud Annual Recurring Revenue (ARR) growth rate surpassing its peers.

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