Intapp (NASDAQ:INTA) Announces Quarterly Earnings Results

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

Intapp Stock Performance

NASDAQ:INTA traded up $0.73 during trading hours on Tuesday, reaching $50.95. The stock had a trading volume of 656,122 shares, compared to its average volume of 639,866. Intapp has a 52 week low of $30.36 and a 52 week high of $54.63. The company has a 50 day moving average price of $47.64 and a two-hundred day moving average price of $39.79. The stock has a market capitalization of $3.92 billion, a PE ratio of -115.04 and a beta of 0.64.

Insiders Place Their Bets

In other Intapp news, COO Donald F. Coleman sold 58,003 shares of Intapp 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 sale, the chief operating officer now owns 668,239 shares of the company’s stock, valued at $32,950,865.09. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, COO Donald F. Coleman sold 58,003 shares of the business’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 transaction of $2,860,127.93. Following the transaction, the chief operating officer now owns 668,239 shares of the company’s stock, valued at approximately $32,950,865.09. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Donald F. Coleman sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were 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 approximately $32,897,405.97. 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 quarter. 13.02% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Piper Sandler restated an “overweight” rating and set a $60.00 target price (up previously from $46.00) on shares of Intapp in a report on Tuesday. JPMorgan Chase & Co. upped their price target on Intapp from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday. Barclays upped their price target on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Bank of America reduced their price target on Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Finally, Citigroup upped their price target on Intapp from $52.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Intapp currently has a consensus rating of “Moderate Buy” and a consensus price target 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.