Intapp chief product officer sells $6.7 million in stock

Thad Jampol, Chief Product Officer of Intapp , Inc. (NASDAQ:INTA), recently executed a series of stock transactions, as disclosed in a Form 4 filing with the Securities and Exchange Commission. On April 2, Jampol sold shares totaling approximately $6.7 million. The sales occurred at prices ranging from $57.99 to $59.4672 per share. The transactions come as the stock has experienced a significant -8.71% decline over the past week, though it maintains an impressive 71.44% gain over the last year, according to InvestingPro data.

In addition to these sales, Jampol also exercised options to acquire shares. The option exercises involved a total of 112,928 shares at prices between $3.99 and $12.00 per share, amounting to a total transaction value of approximately $991,488. While currently unprofitable, analysts expect Intapp to achieve profitability this year, based on InvestingPro’s comprehensive analysis of the $4.08 billion market cap company.

These transactions were carried out under a 10b5-1 plan, which Jampol established in December 2024. Following these activities, Jampol holds 857,250 shares directly, with additional shares held indirectly by his spouse. For deeper insights into Intapp’s valuation and growth prospects, including 8 additional ProTips and detailed financial metrics, explore the full analysis available on InvestingPro.

In other recent news, Intapp Inc. reported its fourth-quarter 2024 earnings, surpassing earnings per share (EPS) expectations with an EPS of $0.21 against the forecasted $0.16. The company also reported revenue of $121.2 million, slightly above the expected $121.16 million, demonstrating a 17% year-over-year increase. This performance highlights Intapp’s successful transition to cloud services, with its SaaS revenue increasing by 27% year-over-year. Additionally, Intapp’s cloud annual recurring revenue (ARR) grew by 29%, reflecting strong demand for its cloud-based solutions. Despite these positive results, Intapp’s stock experienced a decline in after-hours trading.

In another development, BofA Securities maintained its Buy rating on Intapp, with a consistent price target of $76.00. The firm expressed confidence in Intapp’s long-term strategy, particularly after attending the company’s recent product event, Amplify. At this event, Intapp announced the release of DealCloud Activator, an AI-enabled product, which is expected to enhance its product offerings. BofA Securities believes Intapp is well-positioned to achieve a Cloud ARR growth rate of over 25%, surpassing the average growth of its peers. These recent developments reflect Intapp’s strategic initiatives and its strong position in the professional and financial services sectors.

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