Intapp, Inc. (NASDAQ:INTA) Chief Marketing Officer Fitzgerald Scott has recently engaged in transactions involving the company's stock, as disclosed in a recent regulatory filing. On May 20, 2024, Scott sold a total of 1,540 shares of Intapp common stock at an average price of $36.8759 per share, resulting in a total sale value of approximately $56,788.
The sale occurred following the vesting of performance share units granted under Intapp Inc.'s 2021 Omnibus Incentive Plan. The shares were sold in multiple transactions with prices ranging from $36.76 to $37.08. The transactions were executed in accordance with a pre-arranged 10b5-1 trading plan, which had been established on December 12, 2023.
Prior to this sale, on May 17, 2024, Scott was awarded 11,675 shares of common stock as part of a performance-based incentive plan. These shares were certified by the company's audit committee based on the achievement of specific performance conditions. The shares were subject to service-based vesting requirements, which lapsed on May 20, 2024.
Following the sale, Scott's direct ownership in the company stands at 46,509 shares of common stock. The transactions have been publicly reported in compliance with SEC regulations for insider trading.
Investors and market watchers often monitor insider sales as they can provide insights into executives' perspectives on the company's current valuation and future prospects.
InvestingPro Insights
Intapp, Inc. (NASDAQ:INTA) has been in the spotlight not just for insider trading activities but also for its financial performance and market valuation. According to real-time data from InvestingPro, Intapp holds a market capitalization of $2.81 billion. Despite not being profitable over the last twelve months, analysts are optimistic about the company's potential, with 10 analysts revising their earnings upwards for the upcoming period, which could signal confidence in the company's growth trajectory.
InvestingPro Data metrics reveal that Intapp is trading at a high Price / Book multiple of 7.28, reflecting a premium market valuation as of Q3 2024. The company has also demonstrated notable revenue growth, with a 23.81% increase over the last twelve months as of Q3 2024. This growth is complemented by a strong gross profit margin of 69.87%, highlighting the company's ability to retain a significant portion of its revenue as gross profit.
One of the InvestingPro Tips indicates that Intapp holds more cash than debt on its balance sheet, which could be a reassuring sign for investors regarding the company's financial health. Additionally, the company has experienced a robust return over the last month, with a 19.83% price total return, reflecting positive market sentiment. However, it's important to note that Intapp does not pay a dividend to shareholders, which could be a consideration for income-focused investors.
For those seeking more in-depth analysis and additional insights, InvestingPro offers a range of tips and metrics to help investors make informed decisions. There are currently 6 more tips available for Intapp on InvestingPro, which can be accessed at https://www.investing.com/pro/INTA. To enhance your investment research, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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