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Intapp chief product officer sells over $570k in company stock

Published 24/05/2024, 06:30 am
INTA
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In a recent transaction, Thad Jampol, Chief Product Officer of Intapp, Inc. (NASDAQ:INTA), a leading provider of business applications for professional and financial services firms, has sold a significant portion of his company stock. The sale, which took place on May 21, 2024, involved a total of 14,542 shares of common stock at varying prices, resulting in an aggregate sale amount exceeding $570,000.

The shares were sold in multiple transactions, with prices ranging from $36.744 to $38.187. Specifically, the first sale involved 12,011 shares at an average price of $36.744, the second sale included 1,998 shares at an average price of $37.4514, and the final sale comprised 1,533 shares at an average price of $38.187. Following the sales, Jampol's direct holdings in the company decreased to 749,652 shares.

It's worth noting that these sales were part of a pre-arranged 10b5-1 trading plan, which allows company insiders to sell shares at predetermined times to avoid accusations of insider trading. This plan was established by the company on December 12, 2023.

In addition to the reported sales, disclosures also indicated holdings by Jampol's spouse and trusts where he serves as a trustee. However, Jampol has disclaimed beneficial ownership of the shares held by his spouse and those owned by the trusts, emphasizing that this report does not admit beneficial ownership of these securities for Section 16 or any other purposes.

Intapp, Inc., headquartered in Palo Alto, California, specializes in prepackaged software solutions and remains a key player in the technology sector. The company's stock is publicly traded on the NASDAQ exchange under the ticker symbol INTA.

InvestingPro Insights

Following the recent stock sale by Thad Jampol, Chief Product Officer of Intapp, Inc. (NASDAQ:INTA), the company's financial health and market performance remain areas of interest for current and potential investors. According to InvestingPro data, Intapp, Inc. holds a market capitalization of approximately $2.69 billion USD. Despite not being profitable over the last twelve months, the company has demonstrated a robust revenue growth of 23.81% during the same period. Additionally, the gross profit margin stands at an impressive 69.87%, indicating strong operational efficiency.

InvestingPro Tips suggest that Intapp, Inc. has more cash than debt on its balance sheet, which could indicate a solid financial position for handling its operations and investments. Moreover, analysts have a positive outlook on the company, with 10 analysts revising their earnings upwards for the upcoming period, and predicting that the company will become profitable this year. This optimism is reflected in the stock's strong return over the last month, with a 20.77% price total return.

For those interested in a deeper analysis, there are additional InvestingPro Tips available for Intapp, Inc., which can be found at the company's dedicated page on InvestingPro. Prospective investors can take advantage of a special offer using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, gaining access to a comprehensive set of tools and insights to make informed investment decisions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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