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

Intapp (NASDAQ:INTA) posted its earnings results 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. 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 during the quarter, compared to the consensus estimate of $117.88 million. During the same quarter last year, the firm earned ($0.20) EPS. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis.

Intapp Trading Up 3.5 %

NASDAQ:INTA traded up $1.75 during trading hours on Tuesday, hitting $51.97. The company’s stock had a trading volume of 476,396 shares, compared to its average volume of 639,026. Intapp has a 52-week low of $30.36 and a 52-week high of $54.63. The stock has a market capitalization of $4.00 billion, a P/E ratio of -119.73 and a beta of 0.64. The stock has a fifty day moving average of $47.64 and a 200-day moving average of $39.79.

Insiders Place Their Bets

In other news, COO Donald F. Coleman sold 58,003 shares of the stock in a transaction dated 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 transaction, the chief operating officer now owns 668,239 shares in the company, valued at approximately $32,950,865.09. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO Donald F. Coleman sold 5,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 668,239 shares of the company’s stock, valued at $32,897,405.97. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Donald F. Coleman sold 58,003 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 668,239 shares in the company, valued at approximately $32,950,865.09. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 151,239 shares of company stock valued at $7,360,981 in the last ninety days. Insiders own 13.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Citigroup lifted their price objective on Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Truist Financial reaffirmed a “buy” rating and issued a $55.00 target price (up from $47.00) on shares of Intapp in a research report on Tuesday. Piper Sandler reissued an “overweight” rating and set a $60.00 price target (up previously from $46.00) on shares of Intapp in a research report on Tuesday. Bank of America cut their target price on shares of Intapp from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Finally, Stifel Nicolaus raised their price target on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $52.89.

Intapp Company Profile

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.