Intapp (NASDAQ:INTA) Posts Quarterly Earnings Results, Misses Estimates By $0.25 EPS

Intapp (NASDAQ:INTA) released its quarterly earnings results on Tuesday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25), Zacks reports. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%.

Intapp Trading Up 4.2 %

NASDAQ INTA traded up $2.99 during trading on Tuesday, reaching $73.51. The company’s stock had a trading volume of 1,337,877 shares, compared to its average volume of 651,366. The stock has a market capitalization of $5.69 billion, a PE ratio of -253.48 and a beta of 0.74. Intapp has a 1-year low of $30.36 and a 1-year high of $75.90. The business has a 50-day moving average price of $66.46 and a 200-day moving average price of $53.36.

Analysts Set New Price Targets

Several research firms have weighed in on INTA. Barclays boosted their target price on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Citigroup reissued a “neutral” rating and set a $78.00 price target (down from $87.00) on shares of Intapp in a research report on Thursday, January 16th. Raymond James restated a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Piper Sandler reiterated an “overweight” rating and issued a $60.00 target price (up previously from $46.00) on shares of Intapp in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Intapp presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.64.

Insider Transactions at Intapp

In other news, Director Ralph Baxter sold 50,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $57.10, for a total transaction of $2,855,000.00. Following the transaction, the director now owns 5,624 shares of the company’s stock, valued at approximately $321,130.40. This represents a 89.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Donald F. Coleman sold 35,778 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $54.23, for a total value of $1,940,240.94. Following the completion of the sale, the chief operating officer now owns 668,239 shares of the company’s stock, valued at approximately $36,238,600.97. This trade represents a 5.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 402,624 shares of company stock worth $24,954,154 in the last 90 days. 13.02% of the stock is owned by 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.