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 (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08, Briefing.com reports. Intapp had a negative return on equity of 5.36% and a negative net margin of 7.44%. The company had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. During the same quarter in the previous year, the firm earned ($0.20) earnings per share. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year.

Intapp Trading Up 0.3 %

INTA traded up $0.16 on Tuesday, hitting $50.38. The company had a trading volume of 692,604 shares, compared to its average volume of 639,866. The firm has a market cap of $3.88 billion, a P/E ratio of -115.04 and a beta of 0.64. The company’s fifty day moving average price is $47.64 and its 200 day moving average price is $39.79. Intapp has a 1 year low of $30.36 and a 1 year high of $54.63.

Wall Street Analyst Weigh In

Several research firms have issued reports on INTA. Stifel Nicolaus lifted their price target on shares of Intapp from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Oppenheimer reissued a “market perform” rating on shares of Intapp in a report on Monday, July 8th. JPMorgan Chase & Co. upped their price objective on shares of Intapp from $52.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday. Bank of America lowered their target price on shares of Intapp from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Finally, Barclays boosted their price target on Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.40.

Insider Buying and Selling at Intapp

In related news, COO Donald F. Coleman sold 58,003 shares of Intapp stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 668,239 shares in the company, valued at approximately $32,950,865.09. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Thad Jampol sold 31,666 shares of the 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 transaction, the insider now owns 772,412 shares of the company’s stock, valued at $37,917,705.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Donald F. Coleman sold 58,003 shares of the firm’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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 151,239 shares of company stock worth $7,360,981 over the last three months. Insiders own 13.02% of the company’s stock.

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.