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

Intapp (NASDAQ:INTA) posted its quarterly earnings results on Monday. The company reported $0.21 EPS 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 firm had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. During the same period in the prior year, the business posted ($0.20) earnings per share. The business’s revenue for the quarter was up 17.0% on a year-over-year basis.

Intapp Trading Up 0.7 %

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on INTA. Truist Financial reaffirmed a “buy” rating and set a $55.00 price target (up previously from $47.00) on shares of Intapp in a research note on Tuesday. UBS Group boosted their price target on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. 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. Barclays raised their price target on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Stifel Nicolaus boosted their price objective on shares of Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.55.

Insider Activity at Intapp

In other news, insider Michele Murgel sold 1,252 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $62,600.00. Following the transaction, the insider now directly owns 152,702 shares of the company’s stock, valued at approximately $7,635,100. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Intapp news, COO Donald F. Coleman sold 58,003 shares of the company’s stock in a transaction 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 sale, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at approximately $32,950,865.09. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michele Murgel sold 1,252 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $62,600.00. Following the completion of the sale, the insider now owns 152,702 shares in the company, valued at approximately $7,635,100. This represents 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 ninety days. Company 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.