Intapp (NASDAQ:INTA) Updates FY 2022 Earnings Guidance

Intapp (NASDAQ:INTAGet Rating) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided earnings per share guidance of -$0.16–$0.15 for the period, compared to the consensus earnings per share estimate of -$0.25. The company issued revenue guidance of $267.50 million-$268.50 million, compared to the consensus revenue estimate of $259.99 million.Intapp also updated its Q4 2022 guidance to -$0.08–$0.07 EPS.

NASDAQ:INTA opened at $20.41 on Wednesday. The stock has a 50-day simple moving average of $23.65 and a 200-day simple moving average of $23.72. The stock has a market cap of $1.27 billion and a P/E ratio of -10.36. Intapp has a 1 year low of $17.07 and a 1 year high of $40.91.

Intapp (NASDAQ:INTAGet Rating) last released its quarterly earnings data on Wednesday, May 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.36. Intapp had a negative return on equity of 47.43% and a negative net margin of 36.46%. As a group, research analysts forecast that Intapp will post -1.5 EPS for the current fiscal year.

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

In other news, CEO John T. Hall sold 10,262 shares of the stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $22.09, for a total transaction of $226,687.58. Following the completion of the transaction, the chief executive officer now directly owns 5,103,890 shares of the company’s stock, valued at approximately $112,744,930.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Donald F. Coleman sold 2,520 shares of the stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $22.09, for a total value of $55,666.80. Following the transaction, the chief operating officer now directly 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 ninety days. 45.24% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley boosted its holdings in shares of Intapp by 1,573.8% during the third quarter. Morgan Stanley now owns 8,369 shares of the company’s stock worth $216,000 after purchasing an additional 7,869 shares during the last quarter. Royal Bank of Canada acquired a new stake in shares of Intapp during the third quarter worth $36,000. California State Teachers Retirement System acquired a new stake in shares of Intapp during the third quarter worth $140,000. Bank of New York Mellon Corp acquired a new stake in shares of Intapp during the third quarter worth $659,000. Finally, American International Group Inc. acquired a new stake in shares of Intapp during the third quarter worth $142,000. 81.96% of the stock is owned by institutional investors.

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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