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

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

Intapp Stock Up 0.3 %

Shares of INTA stock traded up $0.15 during trading hours on Thursday, reaching $58.91. 375,240 shares of the company’s stock were exchanged, compared to its average volume of 646,668. Intapp has a fifty-two week low of $30.36 and a fifty-two week high of $59.43. The stock has a market capitalization of $4.53 billion, a P/E ratio of -201.59 and a beta of 0.64. The business has a fifty day moving average price of $48.01 and a 200-day moving average price of $40.06.

Analyst Upgrades and Downgrades

Several analysts recently commented on INTA shares. Citigroup increased their target price on shares of Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Bank of America reduced their price objective on Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Raymond James raised their price objective on shares of Intapp from $46.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday. Barclays increased their price objective on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Intapp from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.55.

Insider Buying and Selling

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 value of $901,800.00. Following the completion of the sale, the insider now directly owns 772,412 shares of the company’s stock, valued at $34,828,057.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Intapp news, COO Donald F. Coleman sold 5,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were 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 $32,897,405.97. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thad Jampol sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $45.09, for a total transaction of $901,800.00. Following the completion of the sale, the insider now owns 772,412 shares of the company’s stock, valued at $34,828,057.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 151,239 shares of company stock valued at $7,360,981. 13.02% of the stock is owned by company insiders.

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.