Intapp (NASDAQ:INTA) Issues Q4 Earnings Guidance

Intapp (NASDAQ:INTA - Get Free Report) issued an update on its fourth quarter earnings guidance on Tuesday morning. 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 have recently weighed in on INTA. Oppenheimer reduced their target price on Intapp from $50.00 to $42.00 and set an outperform rating for the company in a research note on Thursday, May 2nd. Stifel Nicolaus decreased their price objective on shares of Intapp from $47.00 to $45.00 and set a buy rating on the stock in a report on Wednesday, April 24th. Barclays dropped their target price on shares of Intapp from $47.00 to $42.00 and set an overweight rating on the stock in a research report on Thursday, April 11th. Truist Financial upped their price target on shares of Intapp from $46.00 to $47.00 and gave the stock a buy rating in a research report on Wednesday, February 7th. Finally, Piper Sandler reaffirmed an overweight rating and issued a $52.00 price target on shares of Intapp in a research note on Monday, February 26th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of Buy and an average price target of $47.78.

Intapp Price Performance

Intapp stock traded up $0.92 during trading on Tuesday, reaching $33.15. 1,068,479 shares of the company were exchanged, compared to its average volume of 595,298. The stock's 50 day simple moving average is $33.40 and its two-hundred day simple moving average is $37.14. The company has a market capitalization of $2.42 billion, a P/E ratio of -41.44 and a beta of 0.56. Intapp has a 52-week low of $30.36 and a 52-week high of $50.46.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly 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. 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 analyst estimates of $103.17 million. As a group, equities analysts forecast that Intapp will post -0.53 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder Great Hill Equity Partners Iv sold 7,000,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now owns 6,738,269 shares of the company's stock, valued at approximately $244,397,016.63. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Intapp news, major shareholder Great Hill Equity Partners Iv sold 7,000,000 shares of Intapp 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 sale, the insider now owns 6,738,269 shares in the company, valued at $244,397,016.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thad Jampol sold 15,000 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $40.03, for a total value of $600,450.00. Following the transaction, the insider now owns 707,650 shares of the company's stock, valued at $28,327,229.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,106,704 shares of company stock worth $258,088,735. Insiders own 36.56% 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.