Intapp (NASDAQ:INTA) Updates Q2 Earnings Guidance

Intapp (NASDAQ:INTA) issued an update on its second quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.15-0.17 for the period, compared to the consensus earnings per share estimate of $0.14. The company issued revenue guidance of $120.5-121.5 million, compared to the consensus revenue estimate of $120.83 million. Intapp also updated its FY 2025 guidance to 0.730-0.770 EPS.

Intapp Stock Up 10.8 %

Shares of NASDAQ:INTA traded up $5.43 during trading on Wednesday, hitting $55.90. The stock had a trading volume of 615,380 shares, compared to its average volume of 644,117. Intapp has a 12 month low of $30.36 and a 12 month high of $55.90. The company has a market capitalization of $4.30 billion, a PE ratio of -112.16 and a beta of 0.64. The firm’s fifty day moving average is $47.64 and its 200 day moving average is $39.79.

Intapp (NASDAQ:INTA) last announced its earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. Intapp had a negative return on equity of 5.36% and a negative net margin of 7.44%. The firm had revenue of $118.81 million during the quarter, compared to analyst estimates of $117.88 million. During the same quarter in the prior year, the company earned ($0.20) EPS. The business’s revenue was up 17.0% compared to the same quarter last year. Equities research analysts expect that Intapp will post -0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on INTA shares. UBS Group raised their price objective on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. raised their price objective on Intapp from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday. Raymond James raised their price objective on Intapp from $46.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday. Citigroup raised their price objective on Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Finally, Piper Sandler reaffirmed 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. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.55.

Insider Transactions at Intapp

In other news, COO Donald F. Coleman sold 5,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $49.23, for a total value of $246,150.00. Following the transaction, the chief operating officer now directly owns 668,239 shares in the company, valued at $32,897,405.97. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, COO Donald F. Coleman sold 5,000 shares of Intapp stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $49.23, for a total transaction of $246,150.00. Following the transaction, the chief operating officer now directly owns 668,239 shares in the company, valued at approximately $32,897,405.97. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thad Jampol sold 31,666 shares of Intapp stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $49.09, for a total value of $1,554,483.94. Following the transaction, the insider now owns 772,412 shares in the company, valued at $37,917,705.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 151,239 shares of company stock worth $7,360,981 in the last ninety days. Insiders own 13.02% 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.