Intapp (NASDAQ:INTA) Updates Q4 Earnings Guidance

Intapp (NASDAQ:INTA) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.11-0.13 for the period, compared to the consensus estimate of $0.10. The company issued revenue guidance of $111-112 million, compared to the consensus revenue estimate of $111.38 million.

Analyst Ratings Changes

INTA has been the topic of several analyst reports. Oppenheimer cut their price target on shares of Intapp from $50.00 to $42.00 and set an outperform rating on the stock in a report on Thursday, May 2nd. Barclays dropped their target price on shares of Intapp from $47.00 to $42.00 and set an overweight rating on the stock in a research note on Thursday, April 11th. Piper Sandler reaffirmed an overweight rating and issued a $52.00 price target on shares of Intapp in a report on Monday, February 26th. Citigroup dropped their price target on Intapp from $57.00 to $52.00 and set a buy rating on the stock in a research report on Tuesday, April 23rd. Finally, Stifel Nicolaus lowered their price target on shares of Intapp from $47.00 to $45.00 and set a buy rating on the stock in a research report on Wednesday, April 24th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of Buy and an average price target of $46.88.

Intapp Price Performance

NASDAQ:INTA traded up $0.16 during trading hours on Friday, hitting $37.11. The stock had a trading volume of 896,593 shares, compared to its average volume of 624,902. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of -46.19 and a beta of 0.56. The company has a 50 day simple moving average of $33.19 and a two-hundred day simple moving average of $37.13. Intapp has a one year low of $30.36 and a one year high of $50.46.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, February 6th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. The company had revenue of $103.93 million for the quarter, compared to analysts’ expectations of $103.17 million. Intapp had a negative net margin of 13.81% and a negative return on equity of 12.98%. Equities research analysts anticipate that Intapp will post -0.53 earnings per share for the current year.

Insider Buying and Selling

In related news, Director George R. Neble sold 1,500 shares of Intapp stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total value of $47,070.00. Following the completion of the transaction, the director now owns 29,047 shares in the company, valued at $911,494.86. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director George R. Neble sold 1,500 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total transaction of $47,070.00. Following the completion of the transaction, the director now owns 29,047 shares in the company, valued at approximately $911,494.86. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John T. Hall sold 30,344 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.27, for a total transaction of $1,221,952.88. Following the completion of the transaction, the chief executive officer now directly owns 4,708,775 shares in the company, valued at approximately $189,622,369.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,111,704 shares of company stock valued at $258,193,485. Company insiders own 36.56% 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.