Gold prices steady ahead of Fed decision; weekly weakness noted
PALO ALTO, CA—Donald F. Coleman, the Chief Operating Officer of Intapp , Inc. (NASDAQ:INTA), recently sold a significant portion of the company’s stock. According to a recent SEC filing, Coleman sold shares worth approximately $867,331, with transaction prices ranging from $67.65 to $72.39 per share. The transaction comes as Intapp’s stock has shown remarkable strength, delivering a 71.73% return over the past year and reaching a market capitalization of $5.25 billion.
The sales were executed on February 20, 2025, and were part of a 10b5-1 plan established by Intapp on December 10, 2024. This plan allows insiders to set up a predetermined schedule for selling stocks in order to avoid potential conflicts of interest. According to InvestingPro data, the company maintains strong fundamentals with 18.58% revenue growth and a "Good" financial health score, despite trading above its Fair Value.
In addition to the stock sales, Coleman acquired 3,132 shares through the vesting of restricted share units. These transactions reflect ongoing activities related to performance share units and restricted share units under the company’s 2021 Omnibus Incentive Plan.
Despite the sales, Coleman maintains a substantial stake in Intapp, with 438,721 shares still held directly. Additionally, shares are held indirectly through entities such as the Coleman Family Trust and Gambatte LLC.
In other recent news, Intapp Inc. reported its fourth-quarter 2024 financial results, exceeding expectations for both earnings per share (EPS) and revenue. The company posted an EPS of $0.21, surpassing the forecast of $0.16, and achieved revenue of $121.2 million, slightly above the anticipated $121.16 million. Despite these positive results, Intapp’s stock experienced a decline in after-hours trading. Notably, the company’s SaaS revenue increased by 27% year-over-year, reflecting strong demand for its cloud-based solutions. Additionally, Intapp’s cloud annual recurring revenue (ARR) saw a 29% growth, underscoring its successful transition to cloud services.
Intapp has also been focusing on expanding its market reach and introducing new capabilities, as highlighted by CEO John Hall. Looking ahead, the company projects SaaS revenue between $84 million and $85 million for Q3 Fiscal 2025, indicating a 27-28% growth. Analyst firms such as JPMorgan and Barclays (LON:BARC) have been closely monitoring Intapp’s performance, with discussions during the earnings call focusing on cloud migration strategies and sales restructuring. The company’s partnership with Microsoft (NASDAQ:MSFT) continues to play a significant role in its growth strategy, particularly in the integration of AI capabilities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.