Gold prices steady ahead of Fed decision; weekly weakness noted
The shares were sold in multiple transactions, with prices ranging from $63.91 to $64.65. Following the sale, Fitzgerald retains ownership of 39,212 shares in the company. The sale was part of a pre-established trading plan, allowing Fitzgerald to sell shares at predetermined times and prices, which can help mitigate concerns over insider trading. According to InvestingPro analysis, Intapp shows strong revenue growth of 20% and maintains a GOOD financial health score, though current valuation metrics suggest the stock is trading above its Fair Value. Subscribers can access 10+ additional ProTips and comprehensive financial metrics in the Pro Research Report. According to InvestingPro analysis, Intapp shows strong revenue growth of 20% and maintains a GOOD financial health score, though current valuation metrics suggest the stock is trading above its Fair Value. Subscribers can access 10+ additional ProTips and comprehensive financial metrics in the Pro Research Report.
The shares were sold in multiple transactions, with prices ranging from $63.91 to $64.65. Following the sale, Fitzgerald retains ownership of 39,212 shares in the company. The sale was part of a pre-established trading plan, allowing Fitzgerald to sell shares at predetermined times and prices, which can help mitigate concerns over insider trading.
In other recent news, Intapp, Inc. has shown significant growth in its cloud Annual Recurring Revenue (ARR), which rose 27% year-over-year to $309 million, accounting for 74% of the total ARR. In the same timeframe, SaaS revenue increased by 30%, reaching $77 million, and total revenue grew by 17% to $119 million. Despite these gains, Intapp reported a 35% year-over-year decrease in net new ARR during the first quarter due to a slowdown in large deal activity.
Raymond (NS:RYMD) James recently downgraded Intapp from Outperform to Market Perform due to a more balanced risk/reward scenario after a strong performance. In contrast, Truist Securities raised the price target for Intapp to $77 while maintaining a Buy rating, reflecting the company's updated revenue segmentation. Meanwhile, Oppenheimer maintained its Perform rating for Intapp, highlighting the company's sustained SaaS revenue growth and operating leverage.
In other developments, Intapp's stockholders reelected directors Ralph Baxter (NYSE:BAX), Charles Moran, and George Neble and ratified Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ending June 30, 2025. Looking ahead, Intapp projects Q2 SaaS revenue between $79.5 million and $80.5 million, and full fiscal year SaaS revenue between $327.6 million and $331.6 million.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.