Intapp’s chief people & places officer sells shares worth $117,720

Michele Murgel, the Chief People & Places Officer at Intapp , Inc. (NASDAQ:INTA), recently sold a portion of her holdings in the company. According to a recent SEC filing, Murgel sold 1,962 shares of common stock on March 19, 2025, at a price of $60.00 per share. This transaction, executed under a 10b5-1 plan established in December 2024, amounted to a total sale value of $117,720.

Following the sale, Murgel retains ownership of 182,462 shares of Intapp. The transaction reflects a strategic move in managing her investment portfolio while maintaining a significant stake in the company. According to InvestingPro data, analysts maintain a positive outlook on Intapp, with price targets ranging from $68 to $92, supported by strong revenue growth of 19% year-over-year. Discover more insights and 8 additional ProTips with an InvestingPro subscription.

In other recent news, Intapp Inc. reported its fourth-quarter 2024 earnings, exceeding expectations with an earnings per share (EPS) of $0.21 compared to the forecasted $0.16. The company’s revenue reached $121.2 million, slightly surpassing the anticipated $121.16 million. Intapp’s SaaS revenue surged by 27% year-over-year, reflecting strong demand for its cloud-based solutions, and its cloud annual recurring revenue (ARR) grew by 29%. Despite this positive financial performance, Intapp’s stock experienced a decline in after-hours trading. For the 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 has introduced new AI-enabled products, including the DealCloud Activator, which was announced at their Amplify product event. Bank of America Securities maintained a Buy rating for Intapp, with a price target of $76, expressing confidence in the company’s long-term strategy and its potential to achieve a Cloud ARR growth rate of over 25%. The firm highlighted Intapp’s focus on the professional and financial services sectors as a key growth driver. These recent developments underscore Intapp’s strategic initiatives and market positioning, as reflected in the maintained Buy rating and price target by BofA Securities.

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