Intapp (NASDAQ:INTA) Releases Earnings Results, Beats Expectations By $0.08 EPS

Intapp (NASDAQ:INTA) posted its earnings results on Monday. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08, Briefing.com reports. The company had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.15%. Intapp’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.20) earnings per share.

Intapp Price Performance

INTA traded up $0.15 on Thursday, reaching $58.91. The company’s stock had a trading volume of 375,240 shares, compared to its average volume of 646,668. Intapp has a 1 year low of $30.36 and a 1 year high of $59.43. The business’s 50 day moving average is $48.01 and its 200 day moving average is $40.06. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of -201.59 and a beta of 0.64.

Insider Buying and Selling at Intapp

In other Intapp news, insider Thad Jampol sold 20,000 shares of the stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $45.09, for a total transaction of $901,800.00. Following the transaction, the insider now directly owns 772,412 shares in the company, valued at $34,828,057.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Intapp news, insider Thad Jampol sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $45.09, for a total transaction of $901,800.00. Following the sale, the insider now owns 772,412 shares in the company, valued at $34,828,057.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ralph Baxter sold 5,000 shares of Intapp stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $47.44, for a total value of $237,200.00. Following the completion of the transaction, the director now owns 5,624 shares of the company’s stock, valued at approximately $266,802.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 151,239 shares of company stock valued at $7,360,981 in the last three months. Corporate insiders own 13.02% of the company’s stock.

Wall Street Analysts Forecast Growth

INTA has been the subject of a number of research analyst reports. Piper Sandler restated an “overweight” rating and set a $60.00 target price (up from $46.00) on shares of Intapp in a report on Tuesday. Barclays upped their target price on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday. Bank of America dropped their price objective on shares of Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Stifel Nicolaus upped their price target on Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, Raymond James lifted their price target on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Intapp presently has an average rating of “Moderate Buy” and a consensus price target of $53.55.

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.