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

Intapp (NASDAQ:INTAGet Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05, FiscalAI reports. Intapp had a negative net margin of 6.48% and a negative return on equity of 2.28%. The business had revenue of $152.53 million for the quarter, compared to the consensus estimate of $149.75 million. During the same period last year, the company posted $0.27 EPS. Intapp’s revenue for the quarter was up 13.0% on a year-over-year basis. 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 1.9%

Shares of Intapp stock traded down $0.62 during trading on Tuesday, hitting $32.78. 1,187,307 shares of the stock were exchanged, compared to its average volume of 1,089,090. The company has a fifty day moving average price of $25.82 and a 200-day moving average price of $25.74. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of -71.26, a price-to-earnings-growth ratio of 4.97 and a beta of 0.42. Intapp has a 1-year low of $19.01 and a 1-year high of $47.93.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group lowered their target price on shares of Intapp from $54.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. JPMorgan Chase & Co. decreased their price target on shares of Intapp from $58.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Intapp in a research report on Friday, June 5th. Wall Street Zen lowered shares of Intapp from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Barclays lifted their price objective on shares of Intapp from $20.00 to $25.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Intapp currently has a consensus rating of “Hold” and a consensus target price of $34.57.

Get Our Latest Research Report on INTA

Insider Transactions at Intapp

In related news, insider Michele Murgel sold 14,591 shares of Intapp stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $25.02, for a total transaction of $365,066.82. Following the completion of the transaction, the insider owned 233,632 shares in the company, valued at approximately $5,845,472.64. This trade represents a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.21% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC increased its position in shares of Intapp by 60.9% in the first quarter. AQR Capital Management LLC now owns 30,969 shares of the company’s stock worth $1,808,000 after purchasing an additional 11,719 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Intapp by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,737 shares of the company’s stock valued at $1,853,000 after purchasing an additional 1,379 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Intapp by 2.3% during the first quarter. Goldman Sachs Group Inc. now owns 279,511 shares of the company’s stock worth $16,318,000 after buying an additional 6,210 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Intapp by 208.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,848 shares of the company’s stock worth $95,000 after purchasing an additional 1,248 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Intapp in the 2nd quarter valued at approximately $693,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Intapp Company Profile

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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.

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Earnings History for Intapp (NASDAQ:INTA)

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