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PALO ALTO, Calif.—Fitzgerald Scott, the Chief Marketing Officer of Intapp , Inc. (NASDAQ:INTA), executed a series of stock sales recently, according to a filing with the Securities and Exchange Commission. On February 21 and February 24, Scott sold a total of 4,329 shares of Intapp’s common stock. The sales were conducted at prices ranging from $61.845 to $69.1765 per share, generating a total of approximately $301,715. The transaction comes as Intapp, with a market capitalization of $5.2 billion, has demonstrated strong momentum with a 50.6% price return over the past six months and revenue growth of 18.6% in the last twelve months.
These transactions were carried out under a pre-established 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling stocks. Following these transactions, Scott holds 47,517 shares of Intapp’s common stock directly. According to InvestingPro analysis, Intapp currently shows a GOOD overall financial health score, with analysts setting price targets ranging from $68 to $92 per share. For deeper insights into Intapp’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
The sales were made to cover tax liabilities incurred upon the vesting of performance share units and restricted share units granted under Intapp’s 2021 Omnibus Incentive Plan.
In other recent news, Intapp Inc. reported its fourth-quarter 2024 earnings, surpassing 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 anticipated $121.16 million. Despite these positive financial results, Intapp’s stock experienced a decline in after-hours trading. Intapp’s SaaS revenue increased by 27% year-over-year, demonstrating strong demand for its cloud-based solutions. The company’s cloud annual recurring revenue grew by 29%, indicating a successful transition to cloud services. For the upcoming third quarter of fiscal 2025, Intapp projects SaaS revenue between $84 million and $85 million, with total revenue expected to range from $128.3 million to $129.3 million. Additionally, Intapp anticipates full fiscal year 2025 revenue between $498.5 million and $502.5 million. The company’s focus on expanding market reach and digitalization efforts continues to drive growth, as emphasized by CEO John Hall.
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