Have Insiders Sold Intapp Shares Recently?

We wouldn't blame Intapp, Inc. (NASDAQ:INTA) shareholders if they were a little worried about the fact that Ben Harrison, a company insider, recently netted about US$7.4m selling shares at an average price of US$42.69. That sale reduced their total holding by 41% which is hardly insignificant, but far from the worst we've seen.

View our latest analysis for Intapp

The Last 12 Months Of Insider Transactions At Intapp

Notably, that recent sale by Ben Harrison is the biggest insider sale of Intapp shares that we've seen in the last year. That means that an insider was selling shares at below the current price (US$43.19). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 41% of Ben Harrison's holding.

Ben Harrison ditched 329.22k shares over the year. The average price per share was US$42.63. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like Intapp better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership Of Intapp

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Intapp insiders own about US$327m worth of shares (which is 10% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Intapp Insider Transactions Indicate?

An insider sold Intapp shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Intapp. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of Intapp.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.