Raymond James initiates QXO stock with Outperform rating on acquisition strategy
James Stewart Gantt, Executive Vice President of Professional Services at Manhattan Associates Inc (NASDAQ:MANH), a supply chain software company with a market capitalization of $12.69 billion and "GREAT" financial health according to InvestingPro, sold 2,300 shares of common stock on August 28, 2025. The sales were executed in two separate transactions, with prices ranging from $218.62 to $218.795, for a total value of $503,005.
Specifically, Gantt sold 1,026 shares at $218.795 per share and 1,274 shares at $218.62 per share. Following these transactions, Gantt directly owns 49,168 shares of Manhattan Associates Inc.
In other recent news, Manhattan Associates reported strong financial results for the second quarter of 2025, exceeding analyst expectations. The company achieved an adjusted earnings per share of $1.31, surpassing the forecasted $1.13. Additionally, Manhattan Associates’ revenue reached $272 million, which was higher than the anticipated $263.64 million. These results were driven by new logo wins and disciplined expense management. Following these developments, DA Davidson raised its price target for Manhattan Associates to $250, maintaining a Buy rating. The firm’s analysis reflects confidence in the company’s financial performance. These updates highlight Manhattan Associates’ ability to outperform in its recent financial quarter.
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