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EdgarHawk

Gantt James Stewart

EVP, Professional Services

Officer
2 filings analyzed · 1 company · Latest 2024-11-29

Companies

Company Buys Sells Direction
MANHATTAN ASSOCIATES INC MANH 0 3 Net selling

Activity

November 2024
low
Sell
3,475 shares
$1,001,138
Significance 4/10

EVP Gantt James Stewart sells 3,475 shares at $288.10 average for $1,001,138.10 at MANH; retains 42,812 shares post-sale.

Gantt James Stewart executed two separate sales on 2024-11-26, totaling 3,475 shares for $1,001,138.10, reducing his holdings by 7.5% to 42,812 shares. The blended sale price of $288.10 sits above the current price of $285.44 and well above the 30-day (+7.4%) and 90-day (+8.0%) momentum context. At the same-ticker level, his prior three sales at MANH show mixed timing outcomes: the most recent 2024-07-30 sale was followed by positive returns (30d +2.7%, 90d +7.4%), while the 2024-03-05 sale preceded declines (30d -3.5%, 90d -14.5%), leaving only 1 of 3 prior MANH sales well-timed at the 90-day mark. The stock trades near its 52-week peak range ($199.37–$304.64, current -6.3% from high) with elevated valuation (P/E 79.51) despite strong fundamentals: revenue growth +21.1% year-over-year and net income of $63.8M on $266.7M in quarterly revenue. The sale appears consistent with profit-taking near a local peak rather than a directional market signal.

July 2024
medium
Sell
6,000 shares
$1,539,011
Significance 5/10

EVP James Stewart sold 6,000 MANH shares at $256.50 (down 4.0% from 52-week high); post-sale holdings 46,287 shares.

James Stewart, EVP of Professional Services, sold 6,000 shares (11.5% of his pre-transaction holdings) on 2024-07-30 as MANHATTAN ASSOCIATES stock trades near its 52-week high. The sale comes after the stock has appreciated 4.1% in the prior 30 days and 22.3% in the prior 90 days. His same-ticker history is mixed: a prior sell on 2024-03-05 resulted in a 90-day decline of -14.5%, while a sell on 2023-05-01 saw a 90-day gain of +10.3%, with a 50% well-timed rate across his two prior sales at MANH. The company reports strong fundamentals (21.1% annual revenue growth, $265.3M latest-quarter revenue) but commands a high P/E of 76.46. The timing and magnitude of this sale merit observation against the backdrop of sustained momentum and current valuation multiples.

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