The transactions were part of a pre-arranged trading plan established under Rule 10b5-1. Following these sales, Jampol holds 798,222 shares directly. Additionally, he retains indirect ownership of shares through his spouse and two grantor retained annuity trusts. These sales follow the exercise of 20,000 stock options at $3.99 per share, which increased Jampol's holdings before the subsequent sales. According to InvestingPro analysis, technical indicators suggest the stock is currently in overbought territory, with 13 additional key insights available to subscribers. According to InvestingPro analysis, technical indicators suggest the stock is currently in overbought territory, with 13 additional key insights available to subscribers.
The transactions were part of a pre-arranged trading plan established under Rule 10b5-1. Following these sales, Jampol holds 798,222 shares directly. Additionally, he retains indirect ownership of shares through his spouse and two grantor retained annuity trusts.
These sales follow the exercise of 20,000 stock options at $3.99 per share, which increased Jampol's holdings before the subsequent sales.
In other recent news, Intapp has reported significant growth in its cloud and AI sectors. The company's Q1 results revealed a 27% year-over-year increase in cloud Annual Recurring Revenue (ARR) to $309 million, representing 74% of the total ARR of $417 million. Total (EPA:TTEF) revenue grew by 17% to $119 million, while SaaS revenue increased by 30%, reaching $77 million. However, Intapp noted a 35% year-over-year decrease in net new ARR during the first quarter, linked to a slowdown in large deal activity.
In the Annual Meeting of Stockholders, Intapp reelected directors Ralph Baxter (NYSE:BAX), Charles Moran, and George Neble, and ratified Deloitte & Touche LLP as the company's independent registered public accounting firm for FY2025. The stockholders approved the "Say-on-Pay" vote and decided on holding an annual Say-on-Pay vote.
Following these developments, Oppenheimer maintained its Perform rating for Intapp, highlighting the company's sustained SaaS revenue growth and operating leverage. Intapp projects Q2 SaaS revenue between $79.5 million and $80.5 million, and full fiscal year SaaS revenue between $327.6 million and $331.6 million. These recent developments reflect Intapp's strategic focus on cloud solutions and AI capabilities.
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