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Intapp , Inc. (NASDAQ:INTA), a $5.25 billion market cap company that has delivered an impressive 71.73% return over the past year, saw its President of Industries, Harrison David Benjamin, execute several transactions involving the company’s common stock, according to a recent SEC filing. The most notable activity was the sale of shares, totaling $876,005, with prices ranging from $67.65 to $72.39.
On February 19, Benjamin acquired 54,965 shares of common stock, which were earned based on performance conditions and subject to service-based vesting requirements. The following day, he executed a restricted share unit vesting, acquiring 2,890 shares.
Subsequently, on February 20, Benjamin sold a total of 10,727 shares. These sales were conducted to cover tax liabilities incurred from the vesting of performance and restricted share units, as per a 10b5-1 plan implemented by the company in December 2024.
After these transactions, Benjamin holds 45,128 shares of Intapp’s common stock.
In other recent news, Intapp Inc. reported its fourth-quarter 2024 financial results, surpassing earnings per share (EPS) expectations with a reported EPS of $0.21, which exceeded the forecasted $0.16. The company also slightly surpassed revenue expectations, reporting $121.2 million compared to the expected $121.16 million. Despite these positive earnings and revenue results, Intapp’s stock experienced a notable decline in after-hours trading. Intapp’s SaaS revenue showed a significant year-over-year increase of 27%, reflecting strong demand for its cloud-based solutions. The company’s cloud annual recurring revenue (ARR) also grew by 29%, highlighting its successful transition to cloud services. Looking forward, Intapp has projected SaaS revenue between $84 million and $85 million for Q3 Fiscal 2025, indicating a growth rate of 27-28%. The company’s total revenue for the full fiscal year 2025 is expected to be between $498.5 million and $502.5 million, with EPS in the range of $0.83 to $0.87. Additionally, Intapp’s CEO, John Hall, emphasized the company’s focus on expanding its market reach and adding new capabilities, which continues to drive its growth.
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