Intapp (NASDAQ:INTA) Issues Quarterly Earnings Results, Beats Estimates By $0.08 EPS

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

Intapp Price Performance

Shares of NASDAQ INTA traded up $0.41 during mid-day trading on Thursday, hitting $59.17. The company had a trading volume of 258,365 shares, compared to its average volume of 646,186. The company has a market capitalization of $4.55 billion, a PE ratio of -201.59 and a beta of 0.64. The business’s 50-day simple moving average is $48.01 and its 200 day simple moving average is $40.06. Intapp has a 1-year low of $30.36 and a 1-year high of $59.28.

Insider Transactions at Intapp

In related news, COO Donald F. Coleman sold 58,003 shares of Intapp stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $49.31, for a total value of $2,860,127.93. Following the completion of the transaction, the chief operating officer now owns 668,239 shares in the company, valued at $32,950,865.09. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO Donald F. Coleman sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $49.23, for a total transaction of $246,150.00. Following the sale, the chief operating officer now owns 668,239 shares of the company’s stock, valued at approximately $32,897,405.97. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Donald F. Coleman sold 58,003 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $49.31, for a total value of $2,860,127.93. Following the completion of the transaction, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at $32,950,865.09. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,239 shares of company stock valued at $7,360,981. 13.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on INTA shares. Raymond James increased their price objective on shares of Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday. Citigroup lifted their price target on Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Bank of America dropped their price objective on shares of Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. UBS Group raised their price target on shares of Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $60.00 price objective (up from $46.00) on shares of Intapp in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Intapp has a consensus rating of “Moderate Buy” and an average price target of $53.55.

Intapp Company Profile

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.