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On March 3, 2025, Scott Fitzgerald, the Chief Marketing Officer of Intapp , Inc. (NASDAQ:INTA), executed multiple sales of the company’s common stock. The transactions were carried out under a pre-established 10b5-1 trading plan. Fitzgerald sold a total of 3,000 shares, generating proceeds of approximately $193,877. The sale prices ranged from $62.94 to $65.3586 per share. The sales come as Intapp’s stock has shown remarkable strength, delivering a 76% return over the past year, according to InvestingPro data.
Following these transactions, Fitzgerald retains ownership of 44,517 shares of Intapp. These sales are part of a structured trading plan, allowing executives to sell a predetermined number of shares at set intervals, providing an opportunity to diversify their portfolio while complying with insider trading regulations. InvestingPro analysis reveals that 10 analysts have recently revised their earnings estimates upward, suggesting strong confidence in the company’s prospects. Subscribers can access over 30 additional key metrics and insights through InvestingPro’s comprehensive research reports.
In other recent news, Intapp Inc. reported its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of $0.21 against the forecasted $0.16. The company also reported a revenue of $121.2 million, slightly above the expected $121.16 million, marking a 17% year-over-year increase. Intapp’s SaaS revenue showed a significant 27% growth, reflecting strong demand for its cloud-based solutions. In addition, Intapp’s cloud annual recurring revenue grew by 29%, highlighting its successful transition to cloud services.
In another development, BofA Securities reiterated a Buy rating on Intapp, maintaining a price target of $76.00 following the company’s second-quarter fiscal year 2025 results. The analyst from BofA Securities expressed confidence in Intapp’s long-term strategy and potential for achieving a Cloud Annual Recurring Revenue growth rate exceeding 25%. This confidence is bolstered by Intapp’s recent product event, Amplify, where they announced the availability of DealCloud Activator, an AI-enabled product, along with several platform enhancements.
These recent developments underscore Intapp’s focus on expanding its product suite and solidifying its presence in the professional and financial services sectors. Investors are encouraged to consider Intapp’s strategic initiatives and market position, as emphasized by the analyst’s maintained Buy rating.
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