Intapp (NASDAQ:INTA) Releases Quarterly Earnings Results, Beats Estimates By $0.08 EPS

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

Intapp Stock Up 0.3 %

NASDAQ INTA traded up $0.16 during trading hours on Tuesday, hitting $50.38. 692,604 shares of the stock were exchanged, compared to its average volume of 639,866. The company has a market cap of $3.88 billion, a price-to-earnings ratio of -115.04 and a beta of 0.64. Intapp has a 12-month low of $30.36 and a 12-month high of $54.63. The stock has a 50-day moving average of $47.64 and a 200 day moving average of $39.79.

Analyst Ratings Changes

A number of research firms have recently commented on INTA. Bank of America cut their target price on Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Oppenheimer reiterated a “market perform” rating on shares of Intapp in a research note on Monday, July 8th. Barclays raised their target price on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Truist Financial reiterated a “buy” rating and issued a $55.00 price target (up previously from $47.00) on shares of Intapp in a research report on Tuesday. Finally, Stifel Nicolaus raised their price objective on shares of Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.40.

Insider Buying and Selling at Intapp

In other news, insider Michele Murgel sold 1,252 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $62,600.00. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Michele Murgel sold 1,252 shares of Intapp stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $50.00, for a total transaction of $62,600.00. Following the completion of the sale, the insider now directly owns 152,702 shares in the company, valued at approximately $7,635,100. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thad Jampol sold 31,666 shares of the business’s stock in a transaction 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 sale, the insider now owns 772,412 shares in the company, valued at approximately $37,917,705.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 151,239 shares of company stock valued at $7,360,981. 13.02% of the stock is owned by corporate insiders.

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.