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.