Intapp (NASDAQ:INTA) Announces Earnings Results

Intapp (NASDAQ:INTA) issued its earnings results on Tuesday. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25), Zacks reports. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%.

Intapp Trading Up 4.2 %

NASDAQ:INTA traded up $2.99 during midday trading on Tuesday, hitting $73.51. 1,337,877 shares of the stock were exchanged, compared to its average volume of 651,366. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of -253.48 and a beta of 0.74. Intapp has a one year low of $30.36 and a one year high of $75.90. The business has a 50-day moving average price of $66.46 and a two-hundred day moving average price of $53.36.

Insider Buying and Selling at Intapp

In other Intapp news, Director Ralph Baxter sold 50,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $57.10, for a total value of $2,855,000.00. Following the completion of the sale, the director now directly owns 5,624 shares of the company’s stock, valued at approximately $321,130.40. This represents a 89.89 % 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 Intapp stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $61.85, for a total transaction of $1,237,000.00. Following the completion of the transaction, the insider now directly owns 828,197 shares in the company, valued at $51,223,984.45. This represents a 2.36 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 402,624 shares of company stock valued at $24,954,154. 13.02% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on INTA. Piper Sandler restated an “overweight” rating and set a $60.00 price objective (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Stifel Nicolaus boosted their price target on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Citigroup reaffirmed a “neutral” rating and issued a $78.00 price objective (down previously from $87.00) on shares of Intapp in a report on Thursday, January 16th. Truist Financial boosted their target price on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, JPMorgan Chase & Co. upped their target price on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $63.64.

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.