Intapp (NASDAQ:INTA) Issues Q4 Earnings Guidance

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

Intapp Stock Up 2.2 %

Shares of NASDAQ:INTA traded up $0.80 on Thursday, hitting $36.95. 1,281,734 shares of the company traded hands, compared to its average volume of 619,648. Intapp has a 52 week low of $30.36 and a 52 week high of $50.46. The company has a market cap of $2.70 billion, a PE ratio of -45.19 and a beta of 0.56. The stock has a 50 day simple moving average of $33.24 and a 200-day simple moving average of $37.13.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on INTA. Truist Financial raised their price objective on Intapp from $46.00 to $47.00 and gave the stock a buy rating in a research note on Wednesday, February 7th. Citigroup decreased their target price on Intapp from $57.00 to $52.00 and set a buy rating on the stock in a research note on Tuesday, April 23rd. BTIG Research decreased their target price on Intapp from $55.00 to $50.00 and set a buy rating on the stock in a research note on Wednesday. Oppenheimer decreased their target price on Intapp from $50.00 to $42.00 and set an outperform rating on the stock in a research note on Thursday, May 2nd. Finally, Barclays reduced their price objective on Intapp from $47.00 to $42.00 and set an overweight rating on the stock in a research note on Thursday, April 11th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of Buy and an average target price of $47.22.

Insider Activity at Intapp

In other Intapp news, major shareholder Great Hill Equity Partners Iv sold 7,000,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $36.27, for a total value of $253,890,000.00. Following the completion of the sale, the insider now directly owns 6,738,269 shares in the company, valued at approximately $244,397,016.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director George R. Neble sold 1,500 shares of the company’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $31.38, for a total transaction of $47,070.00. Following the transaction, the director now directly owns 29,047 shares of the company’s stock, valued at approximately $911,494.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Great Hill Equity Partners Iv sold 7,000,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $36.27, for a total value of $253,890,000.00. Following the transaction, the insider now directly owns 6,738,269 shares in the company, valued at $244,397,016.63. The disclosure for this sale can be found here. Insiders sold a total of 7,091,704 shares of company stock worth $257,488,285 in the last quarter. 36.56% 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.