Man Group plc Invests $3.41 Million in Intapp, Inc. (NASDAQ:INTA)

Man Group plc acquired a new stake in Intapp, Inc. (NASDAQ:INTA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 53,167 shares of the company's stock, valued at approximately $3,407,000. Man Group plc owned 0.07% of Intapp at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INTA. Nuveen Asset Management LLC lifted its holdings in Intapp by 43.3% in the fourth quarter. Nuveen Asset Management LLC now owns 628,995 shares of the company's stock valued at $40,312,000 after acquiring an additional 189,989 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in Intapp in the fourth quarter valued at $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Intapp by 41.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,358 shares of the company's stock valued at $1,946,000 after purchasing an additional 8,922 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Intapp by 42.5% in the 4th quarter. Lazard Asset Management LLC now owns 28,952 shares of the company's stock valued at $1,855,000 after purchasing an additional 8,636 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in shares of Intapp by 199.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 284,801 shares of the company's stock worth $18,253,000 after purchasing an additional 189,836 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

INTA has been the topic of several research analyst reports. Piper Sandler reduced their price objective on shares of Intapp from $71.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Citigroup reissued a "neutral" rating on shares of Intapp in a research note on Monday, April 21st. UBS Group lowered their price objective on shares of Intapp from $92.00 to $83.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Barclays dropped their target price on shares of Intapp from $68.00 to $60.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Finally, Truist Financial cut their target price on Intapp from $80.00 to $68.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Intapp currently has a consensus rating of "Moderate Buy" and an average target price of $66.89.

Insider Activity at Intapp

In other news, insider Thad Jampol sold 20,000 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $57.15, for a total value of $1,143,000.00. Following the sale, the insider now directly owns 857,250 shares in the company, valued at approximately $48,991,837.50. This trade represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John T. Hall sold 8,000 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $57.15, for a total transaction of $457,200.00. Following the transaction, the chief executive officer now owns 5,236,895 shares of the company's stock, valued at approximately $299,288,549.25. The trade was a 0.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 179,732 shares of company stock valued at $10,582,409 over the last 90 days. 13.02% of the stock is owned by corporate insiders.

Intapp Stock Up 1.4%

INTA stock traded up $0.75 during midday trading on Tuesday, hitting $55.33. The company's stock had a trading volume of 123,478 shares, compared to its average volume of 635,365. Intapp, Inc. has a 52-week low of $31.08 and a 52-week high of $77.74. The firm has a 50-day simple moving average of $55.59 and a 200-day simple moving average of $61.97. The firm has a market capitalization of $4.48 billion, a P/E ratio of -190.71 and a beta of 0.84.

Intapp (NASDAQ:INTA - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $129.07 million during the quarter, compared to analyst estimates of $128.84 million. During the same period last year, the business posted $0.14 earnings per share. Intapp's revenue was up 16.7% compared to the same quarter last year. On average, sell-side analysts expect that Intapp, Inc. will post -0.14 earnings per share 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.