Intapp (NASDAQ:INTA) Issues Q2 Earnings Guidance

Intapp (NASDAQ:INTA) updated its second quarter earnings guidance on Monday. The company provided EPS guidance of $0.15-0.17 for the period, compared to the consensus EPS estimate of $0.14. The company issued revenue guidance of $120.5-121.5 million, compared to the consensus revenue estimate of $120.83 million. Intapp also updated its FY 2025 guidance to 0.730-0.770 EPS.

Intapp Stock Up 2.6 %

INTA traded up $1.33 during midday trading on Tuesday, reaching $51.55. 544,242 shares of the company’s stock were exchanged, compared to its average volume of 639,343. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of -115.04 and a beta of 0.64. Intapp has a one year low of $30.36 and a one year high of $54.63. The business has a 50-day simple moving average of $47.64 and a two-hundred day simple moving average of $39.79.

Intapp (NASDAQ:INTA) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. The business had revenue of $118.81 million for the quarter, compared to the consensus estimate of $117.88 million. During the same quarter in the prior year, the company earned ($0.20) EPS. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. As a group, research analysts anticipate that Intapp will post -0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

INTA has been the subject of a number of research reports. Bank of America lowered their price target on shares of Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Piper Sandler reiterated an “overweight” rating and issued a $60.00 price objective (up from $46.00) on shares of Intapp in a research report on Tuesday. Barclays boosted their target price on Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Truist Financial reaffirmed a “buy” rating and set a $55.00 price target (up previously from $47.00) on shares of Intapp in a research note on Tuesday. Finally, UBS Group lifted their price objective on Intapp from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.40.

Insider Activity

In other Intapp news, insider Thad Jampol sold 31,666 shares of the stock in a transaction dated 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 in the company, valued at $37,917,705.08. This represents 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 through the SEC website. In related news, COO Donald F. Coleman sold 58,003 shares of the business’s 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 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Thad Jampol sold 31,666 shares of the stock in a transaction dated 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 transaction, the insider now owns 772,412 shares of the company’s stock, valued at approximately $37,917,705.08. This trade represents 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 quarter. Company insiders own 13.02% of the company’s stock.

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.