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PALO ALTO, CA—David Benjamin Harrison, President of Industries at Intapp , Inc. (NASDAQ:INTA), has recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Harrison sold a total of 27,971 shares of common stock on February 25, 2025, amounting to approximately $1.82 million. The sale comes as Intapp’s stock has shown remarkable strength, delivering a 70% return over the past year and maintaining a robust financial health score according to InvestingPro analysis.
The transactions were executed under a pre-arranged 10b5-1 trading plan, established by Harrison on September 13, 2024. The shares were sold in multiple transactions at prices ranging from $63.88 to $65.96 per share. After these sales, Harrison no longer holds any shares of Intapp directly. The company, currently valued at $5.15 billion, has seen its stock surge nearly 47% in the past six months.
Intapp, a provider of prepackaged software services, is headquartered in Palo Alto, California. The company has been publicly traded since its incorporation in Delaware, with a fiscal year ending on June 30. While currently unprofitable, analysts tracked by InvestingPro expect the company to achieve profitability this year, with nine analysts recently revising their earnings estimates upward. Get access to 10 more exclusive InvestingPro Tips and a comprehensive Pro Research Report for deeper insights into Intapp’s financial outlook.
In other recent news, Intapp Inc. reported its fourth-quarter 2024 earnings, surpassing analysts’ 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 saw a 17% year-over-year increase in total revenue, with a notable 27% rise in SaaS revenue, reflecting strong demand for its cloud-based solutions. Intapp’s cloud annual recurring revenue (ARR) grew by 29%, highlighting its successful transition to cloud services. Additionally, the company projects SaaS revenue between $84 million and $85 million for the third quarter of fiscal 2025, representing a 27-28% growth. For the full fiscal year 2025, Intapp anticipates total revenue between $498.5 million and $502.5 million. These developments come as Intapp continues to expand its market reach and add new capabilities, focusing on digitalization trends within the industry.
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