Intapp (NASDAQ:INTA) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Intapp (NASDAQ:INTA) issued its quarterly earnings results on Tuesday. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05, FiscalAI reports. Intapp had a negative return on equity of 3.12% and a negative net margin of 7.15%.The firm had revenue of $152.53 million for the quarter, compared to analysts’ expectations of $149.75 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. Intapp updated its Q1 2027 guidance to 0.390-0.410 EPS and its FY 2027 guidance to 1.580-1.620 EPS.

Here are the key takeaways from Intapp’s conference call:

• Cloud and subscription growth remained strong: Q4 cloud ARR increased 29% year over year to $495.7 million, while subscription revenue rose 27% and cloud net revenue retention held at 123%. Cloud migrations reached a quarterly record, with more than 30 signed in Q4.
• Celeste and Firm AI gained early traction: AI represented more than 20% of net new bookings in Q4, and bookings doubled sequentially during the quarter despite Celeste being in limited availability. Management said the product is attracting senior firm leaders, winning competitive evaluations, and became generally available on July 15.
• Profitability and cash flow improved materially: Q4 non-GAAP operating income rose to $34.3 million from $21.3 million, while full-year free cash flow reached $144.7 million, or 25% of revenue. The company also repurchased 8.4 million shares during the year and has approximately $75 million remaining under its authorization.
• On-premise revenue continues to decline as customers migrate: Q4 license revenue fell 25% year over year as clients shortened on-premise contracts ahead of cloud moves, creating near-term pressure on license revenue and total remaining performance obligations. Management views the trend as strengthening the longer-term subscription and Celeste opportunity.
• Fiscal 2027 guidance calls for continued growth and leverage: The company expects subscription revenue of $528.7 million to $532.7 million, total revenue of $656.5 million to $660.5 million, and non-GAAP EPS of $1.58 to $1.62. Management attributed its confidence to cloud growth, expanding Celeste monetization, and operating leverage.

Intapp Trading Down 2.0%

INTA traded down $0.73 on Thursday, hitting $36.23. 361,520 shares of the company’s stock traded hands, compared to its average volume of 1,089,534. The company’s 50 day simple moving average is $26.43 and its 200-day simple moving average is $25.66. Intapp has a one year low of $19.01 and a one year high of $47.93. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of -69.68, a P/E/G ratio of 4.98 and a beta of 0.42.

Insiders Place Their Bets

In other Intapp news, insider Michele Murgel sold 14,591 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $25.02, for a total transaction of $365,066.82. Following the completion of the sale, the insider directly owned 233,632 shares of the company’s stock, valued at $5,845,472.64. This trade represents a 5.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.21% of the stock is owned by insiders.

Institutional Trading of Intapp

Several hedge funds have recently bought and sold shares of the stock. Strive Financial Group LLC bought a new position in Intapp during the fourth quarter valued at approximately $28,000. Federation des caisses Desjardins du Quebec lifted its holdings in shares of Intapp by 913.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company’s stock valued at $48,000 after acquiring an additional 950 shares during the last quarter. State of Wyoming lifted its holdings in shares of Intapp by 75.7% in the 4th quarter. State of Wyoming now owns 1,597 shares of the company’s stock valued at $73,000 after acquiring an additional 688 shares during the last quarter. Advisory Services Network LLC purchased a new position in Intapp in the third quarter worth about $66,000. Finally, Russell Investments Group Ltd. increased its stake in Intapp by 208.0% during the second quarter. Russell Investments Group Ltd. now owns 1,848 shares of the company’s stock worth $95,000 after acquiring an additional 1,248 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Citigroup lifted their price target on Intapp from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Truist Financial upped their target price on Intapp from $35.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Intapp from $58.00 to $47.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Piper Sandler lifted their target price on shares of Intapp from $25.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, UBS Group decreased their target price on Intapp from $54.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $37.86.

About Intapp

Intapp, Inc, headquartered in Palo Alto, California, is a leading provider of cloud-based software solutions designed to meet the unique needs of professional services firms, including law firms, accounting practices, and financial institutions. The company’s integrated platform connects front-office business development with back-office risk and compliance functions, enabling organizations to streamline workflows, improve collaboration and enhance client service.

Intapp’s suite of applications—such as Intake, Conflicts, Risk, Open, Time and Flow—addresses the entire client lifecycle.