FTSE 100: Index falls as earnings results weigh; pound below $1.33, Bodycote soars
In a recent filing with the Securities and Exchange Commission, Scott Fitzgerald, the Chief Marketing Officer of Intapp , Inc. (NASDAQ:INTA), reported several transactions involving the company’s common stock. The transactions come as Intapp, now valued at $5.25 billion, has seen its stock surge 71.7% over the past year. On February 20, 2025, Fitzgerald sold shares totaling $233,610, with sale prices ranging from $67.6539 to $72.39 per share.
The sales were part of a plan established on December 10, 2024, to cover tax liabilities incurred from the vesting of performance and restricted share units under Intapp’s 2021 Omnibus Incentive Plan. Following these transactions, Fitzgerald’s direct ownership of Intapp common stock stands at 52,090 shares. According to InvestingPro data, the company maintains strong financial health with a "Good" overall score, despite not being profitable in the last twelve months.
Additionally, on February 19, Fitzgerald acquired 17,672 shares at no cost, as part of a performance-based award certified by Intapp’s audit committee. The shares were awarded based on the achievement of specific performance criteria and were subject to service-based vesting that lapsed on February 20, 2025. For deeper insights into insider trading patterns and 10+ additional ProTips about Intapp, check out the comprehensive research available on InvestingPro.
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 also reported revenue of $121.2 million, slightly above the anticipated $121.16 million. Despite these positive earnings results, Intapp’s stock experienced a decline in after-hours trading. The company noted a strong 27% year-over-year increase in SaaS revenue, reflecting robust demand for its cloud-based solutions. Intapp’s cloud annual recurring revenue (ARR) grew by 29%, indicating a successful shift toward cloud services. Analysts from firms like JPMorgan and Barclays (LON:BARC) have noted the company’s strong pipeline and deal conversion rates, with expectations of continued growth. Intapp has also announced projections for its third quarter of fiscal 2025, anticipating SaaS revenue between $84 million and $85 million, and total revenue ranging from $128.3 million to $129.3 million. The company continues to focus on expanding its market reach and capabilities, as highlighted by CEO John Hall.
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