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Intapp, Inc. (INTA) provides industry-specific cloud-based software solutions for the professional and financial services industry. 
The company's 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.
Its solutions enable private capital, investment banking, legal, accounting, and consulting firms to realize the benefits of modern AI and cloud-based architectures for their critical business functions without compromising industry-specific functionality or regulatory compliance.
The company also offers licensing solutions, such as customer relationship management, risk and compliance management, operational and financial management, collaboration, and integration solutions.
It sells its software on a subscription basis through a direct enterprise sales model.
Shares have formed a bullish "flag" following its latest earnigs release. On February 6th, INTA reported a 2nd Quarter December 2022 loss of $0.29 per share on revenue of $84.7 million. The consensus estimate was a loss of $0.29 per share on revenue of $80.5 million. Revenue grew 30.9% on a year-over-year basis.
Guided Higher: The company said it expects third quarter non-GAAP results to range from a loss of $0.01 per share to earnings of $0.01 per share on revenue of $87.0 million to $88.0 million. The current consensus estimate is a loss of $0.04 per share on revenue of $84.30 million for the quarter ending March 31, 2023. The company also said it expects fiscal 2023 non-GAAP earnings of $0.02 to $0.06 per share on revenue of $340.5 million to $344.5 million. The company's previous guidance was a loss of $0.07 to $0.03 per share on revenue of $332.0 million to $336.0 million and the current consensus estimate is a loss of $0.10 per share on revenue of $334.22 million for the year ending June 30, 2023. Higher share prices are expected.
Entry Point: $39.85
Stop Loss: $37.50
Trading Range: $13.52 to $40.255
Target Price: $43.85
INTA closed at 42.20
