We wouldn’t blame Manhattan Associates, Inc. (NASDAQ:MANH) shareholders if they were a little worried about the fact that Eddie Capel, the President recently netted about US$3.5m selling shares at an average price of US$87.48. Probably the most concerning element of the whole transaction is that the dump amounted to 53.8% of their entire holding.
The Last 12 Months Of Insider Transactions At Manhattan Associates
Notably, that recent sale by Eddie Capel is the biggest insider sale of Manhattan Associates shares that we’ve seen in the last year. That means that an insider was selling shares at around the current price of US$81.49. We generally don’t like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn’t a major concern, though it’s hardly a good sign.
We note that in the last year insiders divested 62870 shares for a total of US$4.7m. In the last year Manhattan Associates insiders didn’t buy any company stock. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Manhattan Associates insiders own about US$32m worth of shares. That equates to 0.6% of the company. While this is a strong but not outstanding level of insider ownership, it’s enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Manhattan Associates Tell Us?
An insider hasn’t bought Manhattan Associates stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn’t show any insider buying. Insiders own shares, but we’re still pretty cautious, given the history of sales. We’re in no rush to buy! Of course, the future is what matters most. So if you are interested in Manhattan Associates, you should check out this free report on analyst forecasts for the company.
Of course Manhattan Associates may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.