Manhattan Associates, Inc. (NASDAQ:MANH – Get Free Report) CEO Eric Andrew Clark sold 3,000 shares of Manhattan Associates stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $197.76, for a total transaction of $593,280.00. Following the sale, the chief executive officer owned 89,638 shares of the company’s stock, valued at approximately $17,726,810.88. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Eric Andrew Clark also recently made the following trade(s):
- On Wednesday, June 10th, Eric Andrew Clark sold 1,000 shares of Manhattan Associates stock. The shares were sold at an average price of $146.77, for a total transaction of $146,770.00.
Manhattan Associates Stock Performance
Shares of MANH opened at $192.63 on Thursday. Manhattan Associates, Inc. has a 1 year low of $119.06 and a 1 year high of $220.72. The company’s 50 day simple moving average is $157.68 and its 200 day simple moving average is $146.44. The company has a market capitalization of $11.23 billion, a price-to-earnings ratio of 55.19 and a beta of 0.93.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the company. Weiss Ratings upgraded Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. Morgan Stanley set a $180.00 price target on Manhattan Associates in a report on Wednesday, July 29th. Barclays dropped their price objective on shares of Manhattan Associates from $239.00 to $201.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Citigroup increased their price objective on shares of Manhattan Associates from $177.00 to $193.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, Wall Street Zen cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $209.20.
Get Our Latest Research Report on Manhattan Associates
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC acquired a new stake in Manhattan Associates during the fourth quarter worth about $27,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Manhattan Associates by 448.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after purchasing an additional 112 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Manhattan Associates by 508.9% in the 2nd quarter. Versant Capital Management Inc now owns 274 shares of the software maker’s stock valued at $38,000 after purchasing an additional 229 shares in the last quarter. BNP Paribas purchased a new stake in shares of Manhattan Associates during the 4th quarter worth about $39,000. Finally, TD Private Client Wealth LLC increased its position in Manhattan Associates by 83.8% during the 4th quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock worth $41,000 after purchasing an additional 109 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.
Manhattan Associates Company Profile
Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.
Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.
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