Man Group plc Invests $4.06 Million in Intapp, Inc. $INTA

Key Points

• Man Group plc acquired 161,114 Intapp shares worth approximately $4.06 million during the second quarter, taking a roughly 0.21% stake. Institutional investors collectively own 89.96% of the company.
• Intapp exceeded quarterly expectations, reporting adjusted EPS of $0.41 versus the $0.36 consensus and revenue of $152.53 million, up 13% year over year. The company issued fiscal 2027 EPS guidance of $1.58–$1.62.
• Intapp’s shares opened at $43.47, near their 52-week high of $47.93, while analyst views remained mixed; the stock carries a consensus “Hold” rating and an average price target of $37.86. Insiders sold 94,491 shares worth $3.65 million over the past quarter under pre-arranged trading plans.

Man Group plc acquired a new position in Intapp, Inc. (NASDAQ:INTA - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 161,114 shares of the company's stock, valued at approximately $4,062,000. Man Group plc owned approximately 0.21% of Intapp as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in INTA. Jupiter Topco LLC purchased a new position in Intapp during the 2nd quarter valued at about $571,000. Hsbc Holdings PLC acquired a new stake in shares of Intapp in the second quarter valued at approximately $287,000. Canada Pension Plan Investment Board acquired a new stake in shares of Intapp in the second quarter valued at approximately $514,000. Legal & General Group Plc purchased a new position in shares of Intapp during the 2nd quarter worth approximately $1,315,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Intapp during the 2nd quarter worth approximately $777,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director George R. Neble sold 2,624 shares of the business's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $40.00, for a total value of $104,960.00. Following the completion of the sale, the director owned 30,465 shares of the company's stock, valued at approximately $1,218,600. The trade was a 7.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John T. Hall sold 65,802 shares of Intapp stock in a transaction on Monday, August 24th. The stock was sold at an average price of $41.20, for a total transaction of $2,711,042.40. Following the completion of the transaction, the chief executive officer directly owned 5,814,808 shares of the company's stock, valued at approximately $239,570,089.60. This represents a 1.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 94,491 shares of company stock worth $3,650,613 over the last quarter. Corporate insiders own 11.21% of the company's stock.

Intapp Stock Performance

Shares of INTA opened at $43.47 on Monday. Intapp, Inc. has a fifty-two week low of $19.01 and a fifty-two week high of $47.93. The company has a market capitalization of $3.33 billion, a PE ratio of -83.60, a price-to-earnings-growth ratio of 16.78 and a beta of 0.42. The stock has a fifty day moving average of $32.11 and a two-hundred day moving average of $26.45.

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

Analyst Ratings Changes

INTA has been the topic of a number of recent research reports. Truist Financial upped their target price on Intapp from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Citigroup upped their price objective on Intapp from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. Zacks Research lowered Intapp from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. dropped their price objective on Intapp from $58.00 to $47.00 and set an "overweight" rating for the company in a research report on Wednesday, May 6th. Finally, Piper Sandler boosted their target price on shares of Intapp from $25.00 to $34.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Intapp presently has a consensus rating of "Hold" and a consensus 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.

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