Insiders At Manhattan Associates Sold US$26m In Stock, Alluding To Potential Weakness
Insiders At Manhattan Associates Sold US$26m In Stock, Alluding To Potential Weakness
Over the past year, many Manhattan Associates, Inc. (NASDAQ:MANH) insiders sold a significant stake in the company which may have piqued investors' interest. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, if numerous insiders are selling, shareholders should investigate more.
在過去的一年中，許多曼哈頓聯合公司（納斯達克股票代碼：MANH）內部人士出售了該公司的大量股份，這可能激起了投資者的興趣。在評估內幕交易時，了解內部人士是否在買入通常更有幫助，因爲內幕賣出可以有多種解釋。但是，如果有許多內部人士出售，股東應該進行更多調查。
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
儘管我們認爲股東不應該簡單地關注內幕交易，但邏輯要求你應該注意內部人士是在買入還是賣出股票。
The Last 12 Months Of Insider Transactions At Manhattan Associates
曼哈頓協會過去 12 個月的內幕交易
The President, Eddie Capel, made the biggest insider sale in the last 12 months. That single transaction was for US$11m worth of shares at a price of US$251 each. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of US$218. So it may not tell us anything about how insiders feel about the current share price.
總裁埃迪·卡佩爾進行了過去12個月中最大規模的內幕出售。這筆單筆交易以每股251美元的價格購買了價值1100萬美元的股票。雖然我們通常不喜歡看到內幕銷售，但更令人擔憂的是是否以較低的價格進行銷售。好消息是，此次大宗銷售遠高於當前的218美元價格。因此，它可能無法告訴我們內部人士對當前股價的看法。
In the last year Manhattan Associates insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
去年，曼哈頓協會內部人士沒有購買任何公司股票。您可以看到下圖所示的去年的內幕交易（公司和個人）。如果你想確切地知道誰賣了、賣了多少以及何時出售，只需點擊下圖！
I will like Manhattan Associates better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
如果我看到一些重大的內幕收購，我會更喜歡曼哈頓同業的。在我們等待的同時，請查看這份免費清單，列出了最近有大量內幕收購的成長型公司。
Manhattan Associates Insiders Are Selling The Stock
曼哈頓協會內部人士正在出售該股票
The last quarter saw substantial insider selling of Manhattan Associates shares. In total, insiders dumped US$3.5m worth of shares in that time, and we didn't record any purchases whatsoever. Overall this makes us a bit cautious, but it's not the be all and end all.
上個季度，曼哈頓聯合公司的股票遭到大量內幕拋售。在此期間，內部人士總共拋售了價值350萬美元的股票，我們沒有記錄任何購買記錄。總的來說，這使我們有點謹慎，但這並不是萬能的。
Insider Ownership Of Manhattan Associates
曼哈頓同業的內部所有權
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. I reckon it's a good sign if insiders own a significant number of shares in the company. Manhattan Associates insiders own 0.7% of the company, currently worth about US$100m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
我喜歡看看內部人士在一家公司擁有多少股票，以幫助我了解他們與內部人士的看法。我認爲，如果內部人士擁有該公司的大量股份，這是一個好兆頭。曼哈頓協會內部人士擁有該公司0.7％的股份，根據最近的股價，目前價值約1億美元。大多數股東會很高興看到這種內部所有權，因爲這表明管理層的激勵措施與其他股東非常一致。
What Might The Insider Transactions At Manhattan Associates Tell Us?
曼哈頓協會的內幕交易能告訴我們什麼？
Insiders sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. But it is good to see that Manhattan Associates is growing earnings. It is good to see high insider ownership, but the insider selling leaves us cautious. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we found 1 warning sign for Manhattan Associates that deserve your attention before buying any shares.
內部人士最近出售了股票，但他們一直沒有買入。在過去的一年裏，沒有任何能讓我們感到安慰的購買。但很高興看到曼哈頓協會的收益正在增長。看到較高的內部所有權是件好事，但內幕拋售使我們持謹慎態度。因此，雖然了解內部人士在買入或賣出方面的所作所爲很有幫助，但了解特定公司面臨的風險也很有幫助。在Simply Wall St，我們發現了曼哈頓同業的1個警告信號，在購買任何股票之前，值得你注意。
But note: Manhattan Associates may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
但請注意：曼哈頓聯合公司可能不是最值得購買的股票。因此，來看看這份投資回報率高、債務低的有趣公司的免費清單。
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 of direct interests only, but not derivative transactions or indirect interests.
就本文而言，內部人士是指向相關監管機構報告其交易的個人。我們目前只考慮公開市場交易和私下處置的直接利益，不包括衍生品交易或間接權益。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對這篇文章有反饋嗎？對內容感到擔憂？直接聯繫我們。 或者，給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論，我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議，也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意，我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之，華爾街沒有持有任何上述股票的頭寸。
譯文內容由第三人軟體翻譯。