Intapp (NASDAQ:INTA) Issues Q4 Earnings Guidance

Intapp (NASDAQ:INTA) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.11-0.13 for the period, compared to the consensus EPS estimate of $0.10. The company issued revenue guidance of $111-112 million, compared to the consensus revenue estimate of $111.38 million.

Intapp Trading Up 2.9 %

Shares of NASDAQ:INTA traded up $0.92 during trading on Tuesday, hitting $33.15. 1,068,479 shares of the company’s stock were exchanged, compared to its average volume of 595,298. The firm has a 50-day moving average price of $33.40 and a two-hundred day moving average price of $37.14. The firm has a market cap of $2.42 billion, a P/E ratio of -41.44 and a beta of 0.56. Intapp has a 1-year low of $30.36 and a 1-year high of $50.46.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Tuesday, February 6th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.05. The business had revenue of $103.93 million for the quarter, compared to analysts’ expectations of $103.17 million. Intapp had a negative return on equity of 12.98% and a negative net margin of 13.81%. As a group, research analysts predict that Intapp will post -0.53 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on INTA shares. Piper Sandler reiterated an overweight rating and issued a $52.00 price target on shares of Intapp in a research note on Monday, February 26th. Barclays cut their target price on Intapp from $47.00 to $42.00 and set an overweight rating for the company in a research report on Thursday, April 11th. Truist Financial lifted their price objective on shares of Intapp from $46.00 to $47.00 and gave the company a buy rating in a research note on Wednesday, February 7th. Stifel Nicolaus reduced their price target on shares of Intapp from $47.00 to $45.00 and set a buy rating on the stock in a research note on Wednesday, April 24th. Finally, Citigroup cut their price target on Intapp from $57.00 to $52.00 and set a buy rating on the stock in a research note on Tuesday, April 23rd. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of Buy and a consensus target price of $47.78.

Insider Buying and Selling at Intapp

In related news, insider Thad Jampol sold 15,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $40.03, for a total transaction of $600,450.00. Following the completion of the transaction, the insider now directly owns 707,650 shares of the company’s stock, valued at $28,327,229.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Intapp news, Director Ralph Baxter sold 30,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $41.04, for a total transaction of $1,231,200.00. Following the completion of the sale, the director now directly owns 5,624 shares of the company’s stock, valued at $230,808.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thad Jampol sold 15,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $40.03, for a total transaction of $600,450.00. Following the completion of the transaction, the insider now directly owns 707,650 shares of the company’s stock, valued at $28,327,229.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,106,704 shares of company stock valued at $258,088,735. Insiders own 36.56% of the company’s stock.

About Intapp

Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.