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.

A number of research firms recently issued reports on INTA. JPMorgan Chase & Co. decreased their price objective on shares of Intapp from $50.00 to $42.00 in a report on Thursday, February 10th. Raymond James cut their target price on shares of Intapp from $32.00 to $26.00 in a research report on Thursday, May 12th. Zacks Investment Research upgraded shares of Intapp from a sell rating to a hold rating in a research report on Tuesday, May 17th. Finally, Credit Suisse Group cut their target price on shares of Intapp from $35.00 to $27.00 in a research report on Thursday, May 12th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Intapp currently has an average rating of Buy and a consensus price target of $36.00.

INTA stock opened at $20.41 on Wednesday. The firm has a 50 day moving average of $23.65 and a 200-day moving average of $23.72. Intapp has a 12 month low of $17.07 and a 12 month high of $40.91. The firm has a market capitalization of $1.27 billion and a P/E ratio of -10.36.

Intapp (NASDAQ:INTAGet Rating) last released its quarterly earnings results on Wednesday, May 11th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.36. Intapp had a negative net margin of 36.46% and a negative return on equity of 47.43%. Analysts anticipate that Intapp will post -1.5 EPS for the current fiscal year.

In related news, CEO John T. Hall sold 10,262 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $22.09, for a total value of $226,687.58. Following the completion of the transaction, the chief executive officer now directly owns 5,103,890 shares in the company, valued at $112,744,930.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Donald F. Coleman sold 2,520 shares of the company’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $22.09, for a total transaction of $55,666.80. Following the completion of the transaction, the chief operating officer now owns 473,312 shares of the company’s stock, valued at $10,455,462.08. The disclosure for this sale can be found here. Insiders have sold a total of 25,805 shares of company stock valued at $569,931 over the last 90 days. Company insiders own 45.24% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada bought a new stake in Intapp in the third quarter worth $36,000. Advisor Group Holdings Inc. lifted its stake in Intapp by 87.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,456 shares of the company’s stock worth $37,000 after purchasing an additional 680 shares during the last quarter. Citigroup Inc. lifted its stake in Intapp by 97.7% in the fourth quarter. Citigroup Inc. now owns 2,936 shares of the company’s stock worth $74,000 after purchasing an additional 1,451 shares during the last quarter. Legal & General Group Plc lifted its stake in Intapp by 234.4% in the fourth quarter. Legal & General Group Plc now owns 3,307 shares of the company’s stock worth $83,000 after purchasing an additional 2,318 shares during the last quarter. Finally, California State Teachers Retirement System bought a new stake in Intapp in the third quarter worth $140,000. 81.96% of the stock is owned by institutional investors and hedge funds.

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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