Eddie Capel Sells 10,897 Shares of Manhattan Associates, Inc. (NASDAQ:MANH) Stock

Manhattan Associates, Inc. (NASDAQ:MANHGet Free Report) CEO Eddie Capel sold 10,897 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $247.73, for a total value of $2,699,513.81. Following the completion of the transaction, the chief executive officer now directly owns 242,153 shares in the company, valued at approximately $59,988,562.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Manhattan Associates Trading Up 1.4 %

Shares of MANH opened at $250.50 on Friday. The business’s 50 day moving average is $221.81 and its 200 day moving average is $208.14. The company has a market capitalization of $15.42 billion, a PE ratio of 88.83 and a beta of 1.46. Manhattan Associates, Inc. has a 12-month low of $133.81 and a 12-month high of $258.91.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MANH shares. StockNews.com raised Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. Raymond James raised their price objective on Manhattan Associates from $214.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Truist Financial lifted their target price on Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Finally, Rosenblatt Securities lifted their target price on Manhattan Associates from $215.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.50.

Read Our Latest Report on Manhattan Associates

Hedge Funds Weigh In On Manhattan Associates

Several institutional investors have recently added to or reduced their stakes in the company. Lindbrook Capital LLC grew its holdings in Manhattan Associates by 28.8% during the 4th quarter. Lindbrook Capital LLC now owns 206 shares of the software maker’s stock valued at $44,000 after buying an additional 46 shares in the last quarter. Capital Insight Partners LLC grew its holdings in Manhattan Associates by 0.4% during the 3rd quarter. Capital Insight Partners LLC now owns 15,161 shares of the software maker’s stock valued at $2,997,000 after buying an additional 57 shares in the last quarter. Signaturefd LLC grew its holdings in Manhattan Associates by 4.7% during the 3rd quarter. Signaturefd LLC now owns 1,274 shares of the software maker’s stock valued at $252,000 after buying an additional 57 shares in the last quarter. UMB Bank n.a. grew its holdings in Manhattan Associates by 25.9% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the software maker’s stock valued at $61,000 after buying an additional 58 shares in the last quarter. Finally, DAVENPORT & Co LLC grew its holdings in Manhattan Associates by 1.2% during the 3rd quarter. DAVENPORT & Co LLC now owns 5,220 shares of the software maker’s stock valued at $1,032,000 after buying an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 97.85% of the company’s stock.

About Manhattan Associates

(Get Free Report)

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and omnichannel solution, which include enterprise solutions and omnichannel solutions for store.

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Insider Buying and Selling by Quarter for Manhattan Associates (NASDAQ:MANH)

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