On August 22, 2024, John Hall, CEO of Intapp Inc (NASDAQ:INTA), completed a sale of 48,982 shares of the company’s stock, according to the SEC filing. The transaction was performed for shares at a price of $43.18, resulting in a total sale amount of approximately $2,115,000. Following this transaction, the insider now owns 5,027,775 shares of Intapp Inc.
Intapp Inc specializes in software solutions that address the unique challenges faced by legal, financial and consulting professionals. The company’s offerings are designed to increase client success by improving data-driven outcomes and operational efficiency.
Over the past year, John Hall has sold a total of 501,220 shares and purchased no shares of the company. This latest transaction is part of a broader trend seen at Intapp Inc., where there were 98 insider sales and no insider purchases over the past year.
Intapp Inc. shares were trading at $43.18 on the day of the sale, giving the company a market capitalization of around $3.21 billion. According to GF Value, the estimated intrinsic value of the stock is $36.30, which suggests that the stock is slightly overvalued with a Price to GF Value ratio of 1.19.
The GF value is calculated based on historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio and price-free cash flow, adjusted for the company’s past performance and expected future business results.
This insider sale could attract the attention of current and potential investors, especially given the company’s valuation and ongoing trends in insider transactions.
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