The insider selling is immaterial in size and likely reflects routine portfolio diversification or tax planning. The CFO's $409K sale is notable in absolute terms but trivial relative to his likely total holdings. No bearish signal here — monitor for any material increase in selling volume or a shift to C-suite buying, which would be a more informative signal.
Price Chart
Executive Summary
Three C-suite insiders at Intapp (CEO, CFO, CMO) sold a total of $550K in shares over a 7-day window, with the CFO's $409K sale representing the bulk. The cluster is entirely open-market sells (no buys), but the total value is only ~0.017% of Intapp's $3.2B market cap — well below the 0.1% materiality threshold. Per the academic literature, insider sales clusters are weak predictors of future returns, and these amounts are trivial relative to company size.
Key Financial Metrics
Key Facts
- CEO John T. Hall sold 3,000 shares at $43.27 for $130K on 2026-08-31 (also exercised derivatives for $0 and $22,350)
- CFO David H. Morton Jr. sold 10,000 shares at $40.88 for $409K on 2026-08-24
- CMO Dustin de Forest Sedgwick sold 274 shares at $40.71 for $11K on 2026-08-24
- Total cluster value of $550K represents ~0.017% of Intapp's $3.2B market cap
- No insider purchases in the cluster — all three trades were open-market sells
Financial Impact
$550K total insider sales, ~0.017% of $3.2B market cap — immaterial
Risk Factors
- Insider selling could accelerate if the stock continues to appreciate, but current levels are not alarming
- No insider buying to offset the sells, but this is typical for a post-IPO software company where most insider wealth is in equity
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-INTA-1788379616041 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | Insider Cluster | $47.99 $47.15 | ▲ +1.75% | ▲ +2.46% | $47.15 (+1.75%) |
Oct 21, 2026 5d ago | Insider Cluster | $47.18 $47.99 | ▲ +1.72% | ▲ +2.24% | $47.15 (−0.06%) |
Oct 14, 2026 12d ago | Insider Cluster | $43.63 $43.64 | ▲ +0.02% | ▲ +1.13% | $47.15 (+8.07%) |
Oct 6, 2026 20d ago | DEFA14A | $37.60 $38.65 | ▲ +2.79% | ▲ +3.22% | $47.15 (+25.40%) |
Oct 6, 2026 20d ago | DEF 14A | $37.60 $38.65 | ▲ +2.79% | ▲ +3.22% | $47.15 (+25.40%) |
Sep 10, 2026 6w ago | Insider Cluster | $37.23 $37.98 | ▲ +2.01% | ▲ +2.46% | $47.15 (+26.65%) |
Sep 3, 2026 7w ago | Insider Cluster | $41.71 $39.86 | ▼ −4.44% | ▼ −3.89% | $47.15 (+13.04%) |
Sep 2, 2026 7w ago | Insider Cluster | $43.11 $41.71 | ▼ −3.25% | ▼ −2.86% | $47.15 (+9.37%) |
Aug 26, 2026 8w ago | Insider Cluster | $43.70 $43.47 | ▼ −0.53% | ▼ −0.30% | $47.15 (+7.89%) |
Aug 18, 2026 9w ago | Insider Cluster | $40.09 $40.16 | ▲ +0.17% | ▲ +1.01% | $47.15 (+17.61%) |
US Market Status
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