Insider sales are negligible relative to market cap and carry no informational signal per the academic literature on cluster sales. No action warranted. Monitor next quarterly filing for any fundamental changes.
Price Chart
Executive Summary
Two insiders at Manhattan Associates sold a combined $893K in open-market sales over a 7-day window. The CEO sold $593K and a director sold $300K. At an $11.4B market cap, these sales represent ~0.008% of market cap — well below the 0.1% threshold for materiality, making this a routine, non-informative cluster.
Key Financial Metrics
Key Facts
- CEO Eric Andrew Clark sold 3,000 shares at $197.76 for $593,280 on 2026-08-11
- Director Linda T. Hollembaek sold 1,579 shares at $189.88 for $299,821 on 2026-08-06
- Total cluster value: $893K, representing ~0.008% of MANH's $11.4B market cap
- Both transactions were open-market sales (code S)
- No insider buying activity in the cluster window
Financial Impact
$893K total insider sales, ~0.008% of market cap — trivial
Risk Factors
- CEO selling could be liquidity-driven (e.g., tax planning, diversification) — not a bearish signal at this scale
- No cross-filing context (earnings, restructuring, etc.) to suggest informed selling
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MANH-1786521788628 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 11, 2026 7w ago | Insider Cluster | $195.20 $206.10 | ▲ +5.58% | ▲ +6.64% | $204.68 (+4.86%) |
Aug 10, 2026 7w ago | Insider Cluster | $195.20 $206.10 | ▲ +5.58% | ▲ +6.64% | $204.68 (+4.86%) |
May 20, 2026 19w ago | 8-K | $136.25 $132.09 | ▼ −3.05% | ▼ −3.01% | $204.68 (+50.22%) |
Apr 24, 2026 22w ago | DEFA14A | $137.81 $139.67 | ▲ +1.35% | ▼ −3.61% | $204.68 (+48.52%) |
Apr 21, 2026 23w ago | 8-K | $142.91 $135.42 | ▼ −5.24% | ▼ −8.41% | $204.68 (+43.22%) |
Feb 26, 2026 31w ago | 8-K | $138.84 $132.10 | ▼ −4.85% | ▲ +1.55% | $204.68 (+47.42%) |
US Market Status
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