Press release
Investors who lost money with shares of Manhattan Associates, Inc. (NASDAQ: MANH) should contact the Shareholders Foundation
A lawsuit was filed on behalf of investors in Manhattan Associates, Inc. (NASDAQ: MANH) shares.
Investors who purchased shares of Manhattan Associates, Inc. (NASDAQ: MANH) have certain options and for certain investors are short and strict deadlines running. Deadline: April 28, 2025. NASDAQ: MANH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Atlanta, GA based Manhattan Associates, Inc. develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations.
On January 28, 2025, Manhattan Associates published its financial results for the fourth quarter and full fiscal year 2024. Manhattan Associates, Inc. (NASDAQ: MANH) reported that its annual Total Revenue rose from $928.72 million in 2023 to over $1.04 billion in 2024, and that its Net Income increased from $176.56 million in 2023, to $218.36 million in 2024.
Manhattan Associates, Inc also announced reduced revenue guidance for the full fiscal year 2025, attributing the results and lowered guidance on the "shift in professional services work for future periods . . . and to a lesser extent, reduced customization and higher partner utilization."
Shares of Manhattan Associates, Inc. (NASDAQ: MANH) declined from $307.50 per share on October 15, 2024, to as low as $173.02 per share on February 28, 2025.
The plaintiff claims that between October 22, 2024, to January 28, 2025, the defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) defendants created the false impression that they possessed reliable information pertaining to Manhattan Associates' projected revenue outlook and anticipated growth while also minimizing the risk from seasonality and macroeconomic fluctuations; (ii) in truth, Manhattan Associates' optimistic reports of growth in its professional services and overall confidence, despite the macroeconomic fluctuations and streamlining of professional services, fell short of reality; and (iii) Manhattan Associates' Service Segment was ill equipped to achieve the purportedly "responsible targets" set by Manhattan Associates.
Those who purchased shares of Manhattan Associates, Inc. (NASDAQ: MANH) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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