Well you probably noticed this already about MANU...nice volume today.
Also:
Amassing Manugistics
Meanwhile, over at Manugistics (Nasdaq:MANU - news) , a venture capitalist is boosting his stake in the supply-chain software company.
Michael Cline, a general partner of venture capital firm General Atlantic Partners has been buying shares of the supply-chain software maker. In the first half of October
alone, according to data from CDA/Investnet, a research firm that tracks insider activity, Cline bought nearly $4.5 million worth of the Rockland, Md., company's stock, even
as the share price fell to its all-time low of $6 1/8.
Cline, a director on Manugistics' board since last year, owned a 7.1% stake as of Sept. 30. His fund General Atlantic held a 7% stake. Manugistics said the shares Cline bought in
October were for the venture firm, not his own holdings. If so, it may mean the venture firm already holds more than 10% of Manugistics' stock. Institutional investors must
register as insider buyers once their stake exceeds 10%.
Cline wasn't available to comment on the insider buying.
Whether it's for General Atlantic or Cline himself, the buying could still be a sign that "something good is happening there," and it is well worth watching, says Bob Gabele,
director of research at CDA/Investnet. |
