Intapp (NASDAQ:INTA) Issues Q4 2024 Earnings Guidance

Intapp (NASDAQ:INTA - Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.110-0.130 for the period, compared to the consensus earnings per share estimate of 0.090. The company issued revenue guidance of $111.0 million-$112.0 million, compared to the consensus revenue estimate of $111.3 million. Intapp also updated its FY 2024 guidance to 0.420-0.440 EPS.

Intapp Stock Up 9.0 %

NASDAQ:INTA traded up $3.00 during mid-day trading on Wednesday, reaching $36.15. 2,300,354 shares of the company were exchanged, compared to its average volume of 614,469. The stock has a market cap of $2.64 billion, a PE ratio of -45.19 and a beta of 0.56. Intapp has a 12 month low of $30.36 and a 12 month high of $50.46. The company has a fifty day moving average of $33.29 and a 200 day moving average of $37.13.

Intapp (NASDAQ:INTA - Get Free Report) last released its earnings results on Tuesday, February 6th. The company reported ($0.12) earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $103.93 million during the quarter, compared to the consensus estimate of $103.17 million. On average, equities research analysts anticipate that Intapp will post -0.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INTA has been the topic of a number of research analyst reports. Piper Sandler reaffirmed an overweight rating and set a $52.00 price target on shares of Intapp in a research report on Monday, February 26th. Citigroup dropped their target price on shares of Intapp from $57.00 to $52.00 and set a buy rating on the stock in a report on Tuesday, April 23rd. BTIG Research lowered their price objective on shares of Intapp from $55.00 to $50.00 and set a buy rating for the company in a research report on Wednesday. Truist Financial raised their price objective on shares of Intapp from $46.00 to $47.00 and gave the stock a buy rating in a report on Wednesday, February 7th. Finally, Oppenheimer reduced their target price on shares of Intapp from $50.00 to $42.00 and set an outperform rating for the company in a research note on Thursday, May 2nd. Eight analysts have rated the stock with a buy rating, According to MarketBeat, Intapp has an average rating of Buy and a consensus target price of $47.22.

Insider Buying and Selling

In other Intapp news, Director George R. Neble sold 1,500 shares of Intapp stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $31.38, for a total value of $47,070.00. Following the sale, the director now directly owns 29,047 shares in the company, valued at approximately $911,494.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Intapp news, insider Thad Jampol sold 10,000 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $31.87, for a total value of $318,700.00. Following the completion of the sale, the insider now owns 727,759 shares in the company, valued at $23,193,679.33. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director George R. Neble sold 1,500 shares of Intapp stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $31.38, for a total transaction of $47,070.00. Following the completion of the transaction, the director now directly owns 29,047 shares of the company's stock, valued at approximately $911,494.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,106,704 shares of company stock worth $258,088,735. 36.56% of the stock is owned by 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.