Manhattan Associates (NASDAQ:MANH) Stock Unloaded Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Manhattan Associates, Inc. NASDAQ: MANH. In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Manhattan Associates stock on January 13th. The trade occurred in the Representative's "JOINT OWNERSHIP LPL ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.

Manhattan Associates Stock Down 2.3 %

Shares of MANH stock traded down $4.43 during trading hours on Tuesday, reaching $185.98. 200,279 shares of the company's stock were exchanged, compared to its average volume of 875,467. The business has a fifty day moving average price of $257.02 and a 200-day moving average price of $267.95. The stock has a market capitalization of $11.36 billion, a P/E ratio of 52.99 and a beta of 1.50. Manhattan Associates, Inc. has a fifty-two week low of $169.94 and a fifty-two week high of $312.60.

Wall Street Analyst Weigh In

MANH has been the topic of several research analyst reports. Citigroup decreased their price target on shares of Manhattan Associates from $306.00 to $303.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Truist Financial cut their price target on Manhattan Associates from $310.00 to $285.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. StockNews.com lowered Manhattan Associates from a "buy" rating to a "hold" rating in a report on Monday, January 13th. DA Davidson reduced their target price on Manhattan Associates from $315.00 to $270.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Finally, Loop Capital lowered their price target on shares of Manhattan Associates from $310.00 to $275.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $273.33.

Institutional Investors Weigh In On Manhattan Associates

Several large investors have recently made changes to their positions in the company. Twin Tree Management LP acquired a new position in Manhattan Associates in the fourth quarter valued at about $25,000. Capital Performance Advisors LLP bought a new position in shares of Manhattan Associates in the third quarter valued at approximately $34,000. Whipplewood Advisors LLC acquired a new position in shares of Manhattan Associates in the 4th quarter worth approximately $34,000. Synergy Asset Management LLC bought a new stake in Manhattan Associates during the 4th quarter worth approximately $35,000. Finally, Transce3nd LLC bought a new position in Manhattan Associates in the 4th quarter valued at $41,000. Institutional investors own 98.45% of the company's stock.

Insiders Place Their Bets

In other news, EVP James Stewart Gantt sold 3,475 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $288.10, for a total transaction of $1,001,147.50. Following the transaction, the executive vice president now directly owns 42,812 shares in the company, valued at approximately $12,334,137.20. This represents a 7.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Bruce Richards sold 4,150 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $289.73, for a total transaction of $1,202,379.50. Following the completion of the sale, the senior vice president now directly owns 22,086 shares of the company's stock, valued at approximately $6,398,976.78. This represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.72% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Manhattan Associates

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores.