Some Manhattan Associates, Inc. (NASDAQ:MANH) shareholders may be a little concerned to see that the Executive Vice President of Professional Services - Americas, J. Gantt, recently sold a substantial US$1.5m worth of stock at a price of US$257 per share. That sale reduced their total holding by 16% which is hardly insignificant, but far from the worst we've seen.

Manhattan Associates Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the President, Eddie Capel, for US$11m worth of shares, at about US$251 per share. So we know that an insider sold shares at around the present share price of US$244. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. 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.

In the last year Manhattan Associates insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and 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!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of Manhattan Associates

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Manhattan Associates insiders own 0.8% of the company, currently worth about US$121m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The Manhattan Associates Insider Transactions Indicate?

An insider hasn't bought Manhattan Associates stock in the last three months, but there was some selling. 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. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 1 warning sign for Manhattan Associates that deserve your attention before buying any shares.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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 of direct interests only, but not derivative transactions or indirect interests.

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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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com