A securities class action has been filed in the USDC –N.D.GA. against Manhattan Associates, Inc. (MANH) (“Manhattan Associates” or the “Company”) on behalf of all persons or entities who purchased or otherwise acquired Manhattan Associates common stock between October 22, 2024, and January 28, 2025 (the “Class Period”).

Manhattan Associates is a global company that develops, sells, deploys, services, and maintains software solutions for the purpose of assisting in the management of supply chains, inventory, and omnichannel operations for its customers.

The Company offers its “Manhattan Active” applications through the cloud and provides them to customers via its software-as-a-service subscription model (the “Cloud Segment”). Manhattan Associates also offers assistance in the planning and implementation of such solutions thorough its Professional Services Organization (the “Services Segment”)

The complaint alleges Defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Manhattan Associates’ forecasting ability for its professional services; notably, the Company was either not truly equipped to deliver “responsible targets” for growth or, otherwise, Manhattan Associates’ services were not equipped to achieve such targets. Such statements absent these material facts caused Plaintiff and other shareholders to purchase Manhattan Associates’ securities at artificially inflated prices.

As a result, the price of Manhattan Associates’ common stock declined dramatically from a closing market price of $295.10 per share on January 28, 2025, to $222.84 per share on January 29, 2025, a decline of about 24.49% in the span of just a single day.

If you purchased Manhattan Associates common stock during the Class Period, and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.