Intapp (NASDAQ:INTA) Announces Quarterly Earnings Results

Intapp (NASDAQ:INTA) posted its quarterly earnings data on Monday. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08, Briefing.com reports. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.15%. The business had revenue of $118.81 million for the quarter, compared to analysts’ expectations of $117.88 million. During the same quarter in the previous year, the business posted ($0.20) earnings per share. The business’s revenue was up 17.0% compared to the same quarter last year.

Intapp Stock Performance

Shares of Intapp stock traded up $8.29 during trading on Wednesday, hitting $58.76. 1,447,799 shares of the stock traded hands, compared to its average volume of 515,870. Intapp has a 52-week low of $30.36 and a 52-week high of $59.28. The stock’s fifty day simple moving average is $47.75 and its 200 day simple moving average is $39.93.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on INTA shares. Stifel Nicolaus upped their price target on shares of Intapp from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Truist Financial restated a “buy” rating and set a $55.00 target price (up previously from $47.00) on shares of Intapp in a research report 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 report on Wednesday, August 14th. Citigroup boosted their price objective on Intapp from $52.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 price objective (up previously from $46.00) on shares of Intapp in a research report on Tuesday. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.55.

Insider Buying and Selling

In other Intapp news, COO Donald F. Coleman sold 58,003 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Intapp news, insider Michele Murgel sold 1,252 shares of the company’s stock in a transaction 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 sale, the insider now owns 152,702 shares in the company, valued at $7,635,100. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Donald F. Coleman sold 58,003 shares of the stock in a transaction on Friday, September 20th. The shares were 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 directly owns 668,239 shares in the company, valued at $32,950,865.09. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 151,239 shares of company stock valued at $7,360,981 over the last three months. 13.02% of the stock is owned by company insiders.

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.