Intapp Beats Estimates Four Quarters, Yet Insiders Sell
Intapp has beaten analyst EPS consensus for four consecutive quarters, with the stock trading 9% above its $39.43 consensus target and delivering 13.8% on the most recent beat. However, executives hav
Intapp Tops Analyst Target as Insiders Sell Into Rally
NEW YORK, September 4 —
Intapp, Inc. (INTA) has beaten the analyst EPS consensus four consecutive quarters, and the executives with the most direct visibility into that trajectory have sold $5.57 million in shares in the three weeks since the August 4 results, per filings, with zero purchases recorded. The stock hit $43.11 on September 4, trading 9% above the analyst consensus target.
- Four consecutive EPS beats; most recent: $0.41 actual vs. $0.36 estimated (13.8% beat); trailing FCF of $161M on $580M revenue.
- CEO Hall sold $2.71M on August 24, then 3,000 shares at $43.27 on August 31, the highest disclosed price in the cluster.
- $5.57M in total 90-day open-market sales, zero insider purchases; INTA trades 9% above the $39.43 analyst consensus target.
Grants In, Shares Out, Same Week
Selling commenced on August 13, nine days after Intapp filed its earnings 8-K. CFO David Morton sold 20,000 shares for approximately $814,304; CPO Thad Jampol sold 25,000 shares for approximately $1.02 million the same day. On August 19, the company granted fresh equity to the same executives: CEO Hall received 85,810 shares, Morton 64,523, Jampol 32,058. Hall's largest open-market sale, approximately $2.71 million, arrived on August 24, five days after the grant. That pattern, grants from the company and sales to the market with zero open-market purchases, runs through at least September 2 per the filings.
Four Beats, One Target Still Below the Price
Intapp provides AI-powered software to professional and financial services firms, including law practices, private capital firms, and investment banks, managing the client lifecycle from onboarding to billing through products including DealCloud and Assist, its AI automation layer. Revenue grew 13% to $580 million over the trailing twelve months, with a 75.8% gross margin and $161 million in free cash flow. Four consecutive EPS beats, the last by 13.8%, have not produced a commensurate revision to the $39.43 consensus target. Trailing GAAP EPS is negative $0.52, so the 22x forward P/E rests on non-GAAP estimates; investors tracking where that multiple sits against SaaS peers can use the PE ratio calculator.
| Ticker | Mkt cap | Fwd P/E | 52-wk |
|---|---|---|---|
| INTA | $3.2B | 21.1x | -3.6% |
| ALKT | $2.1B | 18.0x | -20.4% |
| BRZE | $3.6B | 32.8x | +5.8% |
| EVCM | $1.4B | 9.8x | -30.4% |
| FLYW | $2.2B | 13.6x | +44.0% |
| VERX | $2.1B | 12.9x | -42.7% |
What the Next Quarter Has to Show
The next earnings release is the most direct checkpoint. If a fifth consecutive beat arrives and analyst targets are revised toward current prices, the insider selling reads more cleanly as routine diversification at elevated valuations. If targets hold near $39.43 while selling continues at the pace documented since August 13, the gap between insider behavior and analyst models is the open question when the next report lands. Run the free Intapp, Inc. deep-dive →
Basis Report is independent research for informational purposes. It is not investment advice and not a recommendation to buy or sell any security.
Frequently Asked Questions
Has Intapp beaten earnings expectations?
Yes. Intapp beat analyst consensus EPS estimates for four consecutive quarters. The most recent beat was $0.41 actual versus $0.36 estimated, a 13.8% beat. The stock is trading 9% above the $39.43 analyst consensus target.
What are Intapp's key financial metrics?
Trailing twelve-month revenue is $580 million with 13% growth and a 75.8% gross margin. Trailing free cash flow is $161 million. The company trades at a 22x forward P/E based on non-GAAP estimates, while trailing GAAP EPS is negative $0.52.
Are Intapp insiders buying stock?
No. Executives sold $5.57 million in shares over three weeks with zero open-market purchases recorded. CEO Hall sold $2.71 million on August 24. CFO David Morton and CPO Thad Jampol sold approximately $814,000 and $1.02 million respectively on August 13.
What does Intapp do?
Intapp provides AI-powered software to professional and financial services firms, including law practices, private capital firms, and investment banks. Products include DealCloud and Assist, an AI automation layer that manages the client lifecycle from onboarding to billing.
When is the next earnings checkpoint?
The next earnings release is the key checkpoint. If a fifth consecutive beat arrives and analyst targets are revised toward current prices, the insider selling reads as routine diversification at elevated valuations.
Intapp shares surged 3.9% to $43.11 on September 4, pushing the stock to more than 9% above the analyst consensus price target of $39.43 — the same week the chief product officer executed a second round of open-market sales and the CEO sold shares at $43.27, his highest disclosed sale price in the current cluster. Insiders have now sold more than $5.5 million worth of shares in the three weeks since the August 4 earnings release, with zero purchases recorded.