Brown Capital Dumps $42 Million of Manhattan Associates Amid Stock's 42% Pullback

What happened According to a Securities and Exchange Commission (SEC) filing dated Feb. 17, 2026, Brown Capital Management sold 232,073 shares of Manhattan Associates (NASDAQ:MANH) during the fourth quarter of 2025. The estimated transaction value was $42.42 million, based on the average closing price for the period. At quarter’s end, the position’s reported value fell by $53.51 million, reflecting both the share sale and stock price movement. What else to know The sale reduced the stake to 2.67% of rep ...