Intapp (NASDAQ:INTA) Updates Q4 Earnings Guidance

Intapp (NASDAQ:INTA) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.11-0.13 for the period, compared to the consensus EPS estimate of $0.10. The company issued revenue guidance of $111-112 million, compared to the consensus revenue estimate of $111.38 million.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on INTA. Truist Financial lifted their price target on Intapp from $46.00 to $47.00 and gave the company a buy rating in a research note on Wednesday, February 7th. Piper Sandler reaffirmed an overweight rating and set a $52.00 target price on shares of Intapp in a report on Monday, February 26th. BTIG Research decreased their target price on shares of Intapp from $55.00 to $50.00 and set a buy rating on the stock in a research note on Wednesday. Citigroup lowered their price target on shares of Intapp from $57.00 to $52.00 and set a buy rating on the stock in a research report on Tuesday, April 23rd. Finally, Stifel Nicolaus dropped their price target on shares of Intapp from $47.00 to $45.00 and set a buy rating for the company in a research note on Wednesday, April 24th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Intapp presently has an average rating of Buy and a consensus price target of $47.22.

Intapp Stock Performance

Shares of NASDAQ:INTA traded up $3.00 during trading on Wednesday, hitting $36.15. The company’s stock had a trading volume of 2,300,354 shares, compared to its average volume of 614,469. Intapp has a fifty-two week low of $30.36 and a fifty-two week high of $50.46. The business has a 50 day moving average price of $33.29 and a two-hundred day moving average price of $37.13. The company has a market capitalization of $2.64 billion, a PE ratio of -45.19 and a beta of 0.56.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, February 6th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.05. The firm had revenue of $103.93 million during the quarter, compared to analysts’ expectations of $103.17 million. Intapp had a negative return on equity of 12.98% and a negative net margin of 13.81%. As a group, equities analysts expect that Intapp will post -0.53 earnings per share for the current fiscal year.

Insider Transactions at Intapp

In other Intapp news, CEO John T. Hall sold 30,344 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $40.27, for a total value of $1,221,952.88. Following the sale, the chief executive officer now directly owns 4,708,775 shares of the company’s stock, valued at approximately $189,622,369.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director George R. Neble sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total transaction of $47,070.00. Following the completion of the sale, the director now owns 29,047 shares in the company, valued at $911,494.86. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John T. Hall sold 30,344 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $40.27, for a total transaction of $1,221,952.88. Following the completion of the transaction, the chief executive officer now owns 4,708,775 shares in the company, valued at $189,622,369.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,106,704 shares of company stock valued at $258,088,735. 36.56% of the stock is currently owned by corporate insiders.

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.