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

Intapp (NASDAQ:INTA) announced its quarterly earnings data on Monday. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08, Briefing.com reports. Intapp had a negative return on equity of 5.36% and a negative net margin of 7.44%. The business had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. During the same period in the previous year, the business posted ($0.20) EPS. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year.

Intapp Trading Up 1.5 %

Shares of NASDAQ INTA traded up $0.73 during midday trading on Tuesday, hitting $50.95. 656,122 shares of the company’s stock were exchanged, compared to its average volume of 639,866. Intapp has a 12-month low of $30.36 and a 12-month high of $54.63. The company has a market cap of $3.92 billion, a price-to-earnings ratio of -115.04 and a beta of 0.64. The business’s fifty day moving average price is $47.64 and its two-hundred day moving average price is $39.79.

Insider Transactions at Intapp

In other Intapp news, COO Donald F. Coleman sold 58,003 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $49.31, for a total value of $2,860,127.93. Following the completion of the sale, the chief operating officer now owns 668,239 shares of the company’s stock, valued at $32,950,865.09. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Intapp news, COO Donald F. Coleman sold 58,003 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $49.31, for a total value of $2,860,127.93. Following the completion of the sale, the chief operating officer now owns 668,239 shares of the company’s stock, valued at $32,950,865.09. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thad Jampol sold 31,666 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $49.09, for a total value of $1,554,483.94. Following the completion of the sale, the insider now directly owns 772,412 shares of the company’s stock, valued at approximately $37,917,705.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 151,239 shares of company stock valued at $7,360,981. 13.02% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

INTA has been the topic of a number of research reports. Truist Financial restated a “buy” rating and issued a $55.00 price objective (up from $47.00) on shares of Intapp in a research note on Tuesday. UBS Group lifted their target price on Intapp from $49.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Barclays lifted their target price on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday. Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a report on Monday, July 8th. Finally, Stifel Nicolaus lifted their target price on Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Intapp presently has an average rating of “Moderate Buy” and an average target price of $53.40.

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.