Manhattan Associates, Inc.
| Company Name | Manhattan Associates, Inc. |
| Stock Symbol | MANH |
| Class Period | October 22, 2024 to January 28, 2025 |
| Lead Plaintiff Motion Deadline | April 28, 2025 |
On January 28, 2024, Manhattan Associates released its fourth quarter and full year 2025 financial results and announced reduced revenue guidance for 2025 due to a “shift in professional services work to future periods . . . and to a lesser extent, reduced customization and higher partner utilization.”
On this news, Manhattan Associates’ stock price fell $72.26, or 24.5%, to close at $222.84 per share on January 29, 2025, thereby injuring investors.
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company’s Service Segment was ill equipped to achieve the purportedly “responsible targets” set by Manhattan Associates; and (2) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
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