Intapp’s chief people & places officer sells $1.45 million in shares

Michele Murgel, the Chief People & Places Officer at Intapp , Inc. (NASDAQ:INTA), recently sold a significant portion of the company’s stock. According to a recent SEC filing, Murgel sold a total of 24,200 shares over two consecutive days, March 17 and March 18, 2025. The transactions were executed at prices ranging from $60.00 to $60.1301 per share, totaling approximately $1.45 million.

These sales were conducted under a pre-arranged 10b5-1 trading plan that Murgel established on December 12, 2024. After these transactions, Murgel holds 184,424 shares of Intapp.

In other recent news, Intapp Inc. reported its fourth-quarter 2024 earnings, surpassing earnings per share (EPS) expectations with an 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. Intapp’s SaaS revenue increased by 27% year-over-year, and its cloud annual recurring revenue (ARR) grew by 29%, indicating strong adoption of its cloud-based solutions. Despite these positive results, Intapp’s stock experienced a decline in after-hours trading.

In other developments, BofA Securities maintained a Buy rating on Intapp, setting a price target of $76. This comes after a 15% drop in Intapp’s share value following its second-quarter fiscal year 2025 results. The analyst from BofA expressed confidence in Intapp’s long-term strategy and its potential to achieve a Cloud ARR growth rate of over 25%. At the Amplify product event, Intapp announced the availability of DealCloud Activator, an AI-enabled product, which is expected to bolster the company’s offerings in the professional and financial services markets.

Furthermore, Intapp has projected SaaS revenue between $84 million and $85 million for the third quarter of fiscal 2025, representing a 27-28% growth. The company anticipates total revenue to range from $128.3 million to $129.3 million, with non-GAAP EPS between $0.21 and $0.23. For the full fiscal year 2025, Intapp expects total revenue between $498.5 million and $502.5 million. CEO John Hall emphasized the company’s focus on expanding its market reach and the ongoing digitalization trend driving Intapp’s growth.

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