Man Group plc Buys New Holdings in Intapp, Inc. (NASDAQ:INTA)

Man Group plc bought a new position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 53,167 shares of the company's stock, valued at approximately $3,407,000. Man Group plc owned about 0.07% of Intapp at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. bought a new stake in shares of Intapp in the fourth quarter valued at about $291,000. Venturi Wealth Management LLC bought a new stake in shares of Intapp in the fourth quarter valued at about $305,000. Wells Fargo & Company MN raised its holdings in shares of Intapp by 79.4% in the fourth quarter. Wells Fargo & Company MN now owns 30,607 shares of the company's stock valued at $1,962,000 after acquiring an additional 13,543 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Intapp by 17.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 448,666 shares of the company's stock valued at $28,755,000 after acquiring an additional 67,694 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Intapp by 90.1% in the third quarter. Barclays PLC now owns 106,781 shares of the company's stock valued at $5,108,000 after acquiring an additional 50,607 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

INTA has been the subject of several recent research reports. Barclays decreased their price objective on Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Citigroup restated a "neutral" rating on shares of Intapp in a report on Monday, April 21st. Stifel Nicolaus decreased their price objective on Intapp from $75.00 to $65.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. UBS Group decreased their price objective on Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, Truist Financial decreased their price objective on Intapp from $80.00 to $68.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $66.89.

Insider Transactions at Intapp

In other news, COO Donald F. Coleman sold 5,629 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $57.07, for a total transaction of $321,247.03. Following the sale, the chief operating officer now owns 437,885 shares in the company, valued at approximately $24,990,096.95. The trade was a 1.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thad Jampol sold 112,928 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $59.27, for a total value of $6,693,242.56. Following the sale, the insider now owns 857,250 shares in the company, valued at $50,809,207.50. The trade was a 11.64% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 179,732 shares of company stock worth $10,582,409. Insiders own 13.02% of the company's stock.

Intapp Stock Performance

INTA traded up $0.50 on Tuesday, hitting $55.08. The company had a trading volume of 812,613 shares, compared to its average volume of 637,959. The stock has a fifty day moving average price of $55.48 and a 200-day moving average price of $61.92. Intapp, Inc. has a 12-month low of $31.08 and a 12-month high of $77.74. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of -189.92 and a beta of 0.84.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.04. Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. The business had revenue of $129.07 million for the quarter, compared to analyst estimates of $128.84 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The company's revenue was up 16.7% on a year-over-year basis. Analysts forecast that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

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.