Manhattan Associates Director Sells $290,100 in Stock (MANH)
Manhattan Associates (NASDAQ:MANH) Director Dan J. Lautenbach sold 10,000 shares of Manhattan Associates stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $29.01, for a total transaction of $290,100.00. Following the transaction, the director now directly owns 72,164 shares of the company’s stock, valued at approximately $2,093,478. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Raymond James raised their price target on shares of Manhattan Associates from $40.00 to $41.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock.
Shares of Manhattan Associates (NASDAQ:MANH) traded up 0.62% during mid-day trading on Tuesday, hitting $29.06. The stock had a trading volume of 339,991 shares. Manhattan Associates has a 52 week low of $21.5525 and a 52 week high of $40.79. The stock’s 50-day moving average is $30.48 and its 200-day moving average is $33.37. The company has a market cap of $2.182 billion and a P/E ratio of 29.47.
Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, July 22nd. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.02. The company had revenue of $122.50 million for the quarter, compared to the consensus estimate of $115.04 million. During the same quarter last year, the company posted $0.96 earnings per share. Manhattan Associates’s revenue was up 19.5% compared to the same quarter last year. Analysts expect that Manhattan Associates will post $1.12 EPS for the current fiscal year.
Manhattan Associates, Inc (NASDAQ:MANH) is a developer and implementer of supply chain software solutions that help organizations optimize their supply chain operations from planning through execution.
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