Man Group plc Makes New $4.06 Million Investment in Intapp, Inc. $INTA

Man Group plc purchased a new stake in shares of Intapp, Inc. (NASDAQ:INTA) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 161,114 shares of the company’s stock, valued at approximately $4,062,000.

Several other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. bought a new position in Intapp during the second quarter worth $133,660,000. Wellington Management Group LLP boosted its holdings in Intapp by 143.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company’s stock valued at $77,365,000 after purchasing an additional 1,115,392 shares during the period. Barclays PLC grew its position in Intapp by 1,160.6% in the 4th quarter. Barclays PLC now owns 1,094,989 shares of the company’s stock worth $50,172,000 after purchasing an additional 1,008,128 shares during the last quarter. Norges Bank acquired a new stake in Intapp in the 4th quarter worth $32,302,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Intapp by 103.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,212,052 shares of the company’s stock worth $55,536,000 after purchasing an additional 617,649 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Intapp Stock Performance

NASDAQ:INTA opened at $43.47 on Monday. The company has a 50-day moving average of $32.11 and a 200-day moving average of $26.45. Intapp, Inc. has a 52 week low of $19.01 and a 52 week high of $47.93. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of -83.60, a PEG ratio of 16.78 and a beta of 0.42.

Intapp (NASDAQ:INTA) last posted its earnings results on Tuesday, August 4th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.30%. The business had revenue of $152.53 million for the quarter, compared to analysts’ expectations of $149.75 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. Sell-side analysts forecast that Intapp, Inc. will post 0.07 EPS for the current year.

Insiders Place Their Bets

In related news, insider Michele Murgel sold 14,591 shares of the business’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $25.02, for a total value of $365,066.82. Following the sale, the insider owned 233,632 shares of the company’s stock, valued at $5,845,472.64. The trade was a 5.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John T. Hall sold 65,802 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $41.20, for a total value of $2,711,042.40. Following the completion of the sale, the chief executive officer owned 5,814,808 shares in the company, valued at $239,570,089.60. This trade represents a 1.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 94,491 shares of company stock worth $3,650,613 in the last 90 days. 11.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Intapp in a research report on Friday, June 5th. Barclays lifted their target price on Intapp from $25.00 to $29.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Truist Financial upped their price target on Intapp from $35.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Zacks Research downgraded Intapp from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. decreased their price objective on Intapp from $58.00 to $47.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $37.86.

Intapp Profile

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.