Intapp (NASDAQ:INTA) Releases Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Intapp (NASDAQ:INTA - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.08, Briefing.com reports. The company had revenue of $118.81 million for the quarter, compared to analysts' expectations of $117.88 million. Intapp had a negative net margin of 7.44% and a negative return on equity of 5.36%. Intapp's revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.20) earnings per share.

Intapp Trading Up 0.5 %

INTA stock traded up $0.24 during trading on Tuesday, reaching $50.46. 1,380,094 shares of the stock were exchanged, compared to its average volume of 643,249. Intapp has a twelve month low of $30.36 and a twelve month high of $54.63. The firm's 50 day moving average is $47.64 and its 200 day moving average is $39.79. The firm has a market cap of $3.88 billion, a P/E ratio of -110.91 and a beta of 0.64.

Insider Activity at Intapp

In other news, insider Thad Jampol sold 31,666 shares of the business's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the completion of the sale, the insider now directly owns 772,412 shares of the company's stock, valued at $37,917,705.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Thad Jampol sold 31,666 shares of the business's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $49.09, for a total transaction of $1,554,483.94. Following the transaction, the insider now directly owns 772,412 shares in the company, valued at approximately $37,917,705.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Donald F. Coleman sold 58,003 shares of the company's 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 directly owns 668,239 shares of the company's stock, 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. In the last 90 days, insiders sold 151,239 shares of company stock valued at $7,360,981. 13.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Citigroup upped their price target on Intapp from $52.00 to $63.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. Bank of America reduced their target price on Intapp from $52.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, August 14th. UBS Group boosted their price target on shares of Intapp from $49.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. increased their price objective on shares of Intapp from $52.00 to $58.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Raymond James upped their price target on shares of Intapp from $46.00 to $55.00 and gave the company an "outperform" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.55.

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.