Intapp, Inc. (NASDAQ:INTA) has reported a significant transaction by Thad Jampol, the company's Chief Product Officer. According to a recent filing with the Securities and Exchange Commission, Jampol sold 10,000 shares of common stock on April 8, 2024, at a weighted average price ranging from $31.53 to $32.16, resulting in a total sale value of approximately $318,727.
The transaction was carried out under a 10b5-1 trading plan, a pre-arranged trading plan that allows insiders to sell shares at predetermined times to avoid accusations of insider trading. The plan was established by Jampol on December 13, 2023.
Following the sale, Jampol's direct holdings in the company decreased, but he still retains a substantial number of shares. The filing also disclosed that Jampol exercised options to acquire an additional 10,000 shares of common stock at a price of $3.99 per share, amounting to a total transaction value of $39,900. The shares underlying this option were fully vested and exercisable at the time of the transaction.
It's worth noting that the filing also included information regarding shares held indirectly by Jampol, including those owned by his spouse and by trusts where he serves as a trustee. However, Jampol disclaims beneficial ownership of these securities, and this report is not an admission of beneficial ownership for Section 16 or any other purpose.
The reported transactions provide insights into executive moves within Intapp, a company specializing in prepackaged software services, and may be of interest to current and potential investors monitoring insider activity.
InvestingPro Insights
As Intapp, Inc. (NASDAQ:INTA) navigates the software services landscape, key financial metrics and insights from InvestingPro can shed light on the company's current position and future prospects. According to InvestingPro, Intapp holds more cash than debt on its balance sheet, which could be a sign of financial stability and flexibility for the company. This is particularly relevant for investors considering the recent insider transactions and assessing the company's ability to invest in growth or weather economic downturns.
Moreover, Intapp is currently trading near its 52-week low, which might present a potential entry point for investors who believe in the company's long-term value proposition, especially since analysts predict that the company will turn profitable this year. However, it's worth noting that Intapp is trading at a high Price / Book multiple, which suggests that the market may be expecting significant growth or that the stock is currently overvalued.
InvestingPro Tips also indicate that 5 analysts have revised their earnings estimates upwards for the upcoming period, hinting at a potentially brighter financial future. For investors interested in following these developments more closely, there are additional InvestingPro Tips available at https://www.investing.com/pro/INTA. For those looking to delve deeper into Intapp's financial analytics, using the coupon code PRONEWS24 can provide an additional 10% off a yearly or biyearly Pro and Pro+ subscription, offering a more comprehensive investment toolset.
InvestingPro Data Metrics:
- Cash vs. Debt: Holds more cash than debt on its balance sheet.
- Analyst Sentiment: 5 analysts have revised their earnings upwards for the upcoming period.
- Profitability Forecast: Analysts predict the company will be profitable this year.
Keep in mind that while Intapp does not pay a dividend to shareholders, the potential for capital gains could appeal to growth-oriented investors. With a total of 7 additional InvestingPro Tips available, there's a wealth of information for those looking to make an informed decision about their investment in Intapp, Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.