Tidal Investments LLC Has $1.39 Million Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

Tidal Investments LLC increased its holdings in shares of Manhattan Associates, Inc. (NASDAQ:MANH - Free Report) by 160.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,159 shares of the software maker's stock after buying an additional 3,176 shares during the quarter. Tidal Investments LLC's holdings in Manhattan Associates were worth $1,394,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Twin Tree Management LP purchased a new position in shares of Manhattan Associates during the 4th quarter worth about $25,000. Whipplewood Advisors LLC acquired a new position in Manhattan Associates during the fourth quarter worth approximately $34,000. Synergy Asset Management LLC purchased a new position in Manhattan Associates during the fourth quarter worth approximately $35,000. Transce3nd LLC purchased a new position in Manhattan Associates during the fourth quarter worth approximately $41,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Manhattan Associates in the 4th quarter valued at $72,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Manhattan Associates

In related news, CFO Dennis B. Story sold 2,788 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $170.83, for a total transaction of $476,274.04. Following the transaction, the chief financial officer now owns 101,263 shares in the company, valued at $17,298,758.29. This trade represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on MANH. Piper Sandler reduced their target price on Manhattan Associates from $268.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Robert W. Baird set a $212.00 price objective on Manhattan Associates and gave the stock an "outperform" rating in a report on Wednesday, May 21st. DA Davidson lifted their price objective on Manhattan Associates from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Loop Capital reissued a "hold" rating and set a $170.00 target price (down previously from $275.00) on shares of Manhattan Associates in a research report on Thursday, April 10th. Finally, Truist Financial raised their price target on shares of Manhattan Associates from $190.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $210.14.

Manhattan Associates Stock Down 0.1%

MANH stock traded down $0.25 during midday trading on Friday, reaching $188.64. The company had a trading volume of 214,498 shares, compared to its average volume of 590,508. The firm has a market capitalization of $11.45 billion, a PE ratio of 53.81 and a beta of 1.13. The stock has a 50 day moving average price of $175.40 and a 200 day moving average price of $218.65. Manhattan Associates, Inc. has a fifty-two week low of $140.81 and a fifty-two week high of $312.60.

Manhattan Associates Company Profile

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.