SPS Commerce (NASDAQ:SPSC) Director Sells $79,920.00 in Stock

SPS Commerce, Inc. (NASDAQ:SPSC) Director Marty Reaume sold 1,000 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $79.92, for a total transaction of $79,920.00. Following the completion of the sale, the director directly owned 9,158 shares of the company’s stock, valued at $731,907.36. This trade represents a 9.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

SPS Commerce Stock Down 8.7%

Shares of SPSC traded down $6.50 during mid-day trading on Wednesday, reaching $68.33. 1,051,620 shares of the stock traded hands, compared to its average volume of 584,829. The stock has a fifty day simple moving average of $88.15 and a 200 day simple moving average of $97.73. SPS Commerce, Inc. has a 12-month low of $67.26 and a 12-month high of $155.16. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 30.64 and a beta of 0.56.

Analysts Set New Price Targets

SPSC has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $110.00 target price (down from $160.00) on shares of SPS Commerce in a research note on Friday, October 31st. DA Davidson lowered their price objective on SPS Commerce from $125.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Morgan Stanley set a $100.00 target price on SPS Commerce and gave the company an “equal weight” rating in a research report on Tuesday, November 11th. Wall Street Zen downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of SPS Commerce in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $99.22.

Institutional Trading of SPS Commerce

Several large investors have recently added to or reduced their stakes in SPSC. Bank of Montreal Can raised its position in SPS Commerce by 95.6% in the second quarter. Bank of Montreal Can now owns 24,403 shares of the software maker’s stock worth $3,321,000 after acquiring an additional 11,927 shares in the last quarter. Fenimore Asset Management Inc grew its stake in shares of SPS Commerce by 17.8% in the 3rd quarter. Fenimore Asset Management Inc now owns 145,888 shares of the software maker’s stock worth $15,193,000 after purchasing an additional 22,036 shares during the last quarter. Van Berkom & Associates Inc. bought a new stake in shares of SPS Commerce in the 3rd quarter worth approximately $51,878,000. Buckhead Capital Management LLC lifted its stake in SPS Commerce by 284.7% during the third quarter. Buckhead Capital Management LLC now owns 35,945 shares of the software maker’s stock valued at $3,743,000 after purchasing an additional 26,602 shares during the last quarter. Finally, Caxton Associates LLP bought a new stake in SPS Commerce during the second quarter worth approximately $2,007,000. 98.96% of the stock is currently owned by institutional investors and hedge funds.

About SPS Commerce

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.