The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of investors who purchased Manhattan Associates, Inc. (“Manhattan Associates” or the “Company”) (NASDAQ: MANH) securities between October 22, 2024, to January 28, 2025, inclusive (the “Class Period”). Manhattan Associates investors have until April 28, 2025 to file a lead plaintiff motion.

What Happened?

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.

What Is The Lawsuit About?

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.