Intapp (NASDAQ:INTA) Releases Q4 2024 Earnings Guidance

Intapp (NASDAQ:INTA) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.110-0.130 for the period, compared to the consensus EPS 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 Performance

INTA stock opened at $33.15 on Wednesday. The business has a 50-day simple moving average of $33.40 and a two-hundred day simple moving average of $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) last announced its earnings results on Tuesday, February 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.05. The company had revenue of $103.93 million for the quarter, compared to analysts’ expectations of $103.17 million. Intapp had a negative return on equity of 12.98% and a negative net margin of 13.81%. As a group, sell-side analysts forecast that Intapp will post -0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on INTA. Stifel Nicolaus decreased their target price on Intapp from $47.00 to $45.00 and set a buy rating for the company in a research report on Wednesday, April 24th. Citigroup lowered 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. Oppenheimer cut their price target on Intapp from $50.00 to $42.00 and set an outperform rating for the company in a report on Thursday, May 2nd. Barclays dropped their price objective on Intapp from $47.00 to $42.00 and set an overweight rating on the stock in a report on Thursday, April 11th. Finally, Piper Sandler reiterated an overweight rating and set a $52.00 price target on shares of Intapp in a research report on Monday, February 26th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of Buy and an average target price of $47.78.

Insider Buying and Selling at Intapp

In other news, insider Thad Jampol sold 15,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $40.03, for a total transaction of $600,450.00. Following the sale, the insider now owns 707,650 shares in the company, valued at approximately $28,327,229.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO John T. Hall sold 30,344 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $40.27, for a total value of $1,221,952.88. Following the completion of the sale, the chief executive officer now directly owns 4,708,775 shares in the company, valued at approximately $189,622,369.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thad Jampol sold 15,000 shares of Intapp stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $40.03, for a total transaction of $600,450.00. Following the completion of the transaction, the insider now owns 707,650 shares in the company, valued at approximately $28,327,229.50. The disclosure for this sale can be found here. Insiders sold a total of 7,106,704 shares of company stock worth $258,088,735 over the last three months. 36.56% of the stock is owned by insiders.

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.