Intapp (NASDAQ:INTA) Issues Q4 2022 Earnings Guidance

Intapp (NASDAQ:INTAGet Rating) updated its fourth quarter 2022 earnings guidance on Wednesday. The company provided EPS guidance of -$0.08–$0.07 for the period, compared to the consensus EPS estimate of -$0.11. The company issued revenue guidance of $71.00 million-$72.00 million, compared to the consensus revenue estimate of $67.78 million.Intapp also updated its FY 2022 guidance to -$0.16–$0.15 EPS.

Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Intapp from a sell rating to a hold rating in a report on Tuesday. Credit Suisse Group dropped their price objective on shares of Intapp from $35.00 to $27.00 in a research note on Thursday. Piper Sandler dropped their price objective on shares of Intapp from $36.00 to $31.00 and set an overweight rating on the stock in a research note on Thursday, January 13th. JPMorgan Chase & Co. dropped their price objective on shares of Intapp from $50.00 to $42.00 in a research note on Thursday, February 10th. Finally, Raymond James dropped their price objective on shares of Intapp from $32.00 to $26.00 in a research note on Thursday. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Buy and an average target price of $36.00.

Shares of NASDAQ:INTA traded up $2.03 during midday trading on Thursday, reaching $21.58. 3,318 shares of the company’s stock traded hands, compared to its average volume of 158,901. Intapp has a 1 year low of $17.07 and a 1 year high of $40.91. The company has a fifty day simple moving average of $23.88 and a two-hundred day simple moving average of $24.14.

Intapp (NASDAQ:INTAGet Rating) last announced its earnings results on Wednesday, May 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.36. On average, sell-side analysts expect that Intapp will post -1.5 earnings per share for the current year.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Intapp by 11.2% during the 4th quarter. BlackRock Inc. now owns 621,539 shares of the company’s stock valued at $15,638,000 after buying an additional 62,501 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Intapp by 12.7% in the 4th quarter. Geode Capital Management LLC now owns 217,498 shares of the company’s stock valued at $5,472,000 after purchasing an additional 24,448 shares in the last quarter. Millennium Management LLC lifted its holdings in Intapp by 64.6% in the 4th quarter. Millennium Management LLC now owns 184,504 shares of the company’s stock valued at $4,642,000 after purchasing an additional 72,436 shares in the last quarter. State Street Corp lifted its holdings in Intapp by 46.6% in the 4th quarter. State Street Corp now owns 152,778 shares of the company’s stock valued at $3,844,000 after purchasing an additional 48,552 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in Intapp by 11.1% in the 4th quarter. Marshall Wace LLP now owns 86,623 shares of the company’s stock valued at $2,182,000 after purchasing an additional 8,674 shares in the last quarter. Hedge funds and other institutional investors own 81.96% of the company’s stock.

Intapp Company Profile (Get Rating)

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; and OnePlace, a solution to manage various aspects of professional services firms' client and engagement lifecycle.

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Earnings History and Estimates for Intapp (NASDAQ:INTA)

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