Key Points
- Director Marty Reaume sold 1,000 SPS Commerce shares on Feb. 9 at an average price of $79.92 (totaling $79,920), reducing his stake by 9.84% to 9,158 shares; the sale was disclosed on an SEC Form 4.
- SPS Commerce shares opened at $68.33 and are down about 8.7%, trading well below their 50‑day ($88.15) and 200‑day ($97.73) moving averages, with a market cap of $2.58 billion and a P/E of 30.64.
- Several analysts have cut ratings and price targets (many to about $80), leaving a consensus rating of Hold and a $99.22 target, even as large institutions like Nordea, UBS and Norges Bank have materially increased holdings; institutional ownership is ~98.96%.
SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report) Director Marty Reaume sold 1,000 shares of the business's stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $79.92, for a total value of $79,920.00. Following the completion of the sale, the director owned 9,158 shares in the company, valued at $731,907.36. This represents a 9.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
SPS Commerce Stock Down 8.7%
SPSC opened at $68.33 on Thursday. The firm has a 50-day moving average price of $88.15 and a 200-day moving average price of $97.73. SPS Commerce, Inc. has a twelve month low of $67.26 and a twelve month high of $155.16. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 30.64 and a beta of 0.56.
Analyst Upgrades and Downgrades
SPSC has been the topic of a number of recent analyst reports. DA Davidson lowered their price target on shares of SPS Commerce from $125.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, October 31st. Cantor Fitzgerald cut shares of SPS Commerce from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $135.00 to $80.00 in a research note on Friday, October 31st. Wall Street Zen lowered shares of SPS Commerce from a "buy" rating to a "hold" rating in a research report on Saturday, January 10th. Robert W. Baird set a $104.00 price objective on SPS Commerce in a research report on Friday, October 31st. Finally, Needham & Company LLC reissued a "buy" rating and set a $110.00 price objective (down previously from $160.00) on shares of SPS Commerce in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $99.22.
Get Our Latest Report on SPSC
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Nordea Investment Management AB grew its position in SPS Commerce by 505.3% during the 2nd quarter. Nordea Investment Management AB now owns 1,330,237 shares of the software maker's stock worth $177,587,000 after acquiring an additional 1,110,476 shares during the last quarter. UBS Group AG grew its holdings in SPS Commerce by 182.3% in the 4th quarter. UBS Group AG now owns 1,295,267 shares of the software maker's stock worth $115,447,000 after acquiring an additional 836,407 shares during the last quarter. Norges Bank purchased a new position in shares of SPS Commerce in the fourth quarter valued at about $49,883,000. Van Berkom & Associates Inc. bought a new position in shares of SPS Commerce during the third quarter valued at about $51,878,000. Finally, Disciplined Growth Investors Inc. MN boosted its holdings in shares of SPS Commerce by 86.4% during the third quarter. Disciplined Growth Investors Inc. MN now owns 792,472 shares of the software maker's stock worth $82,528,000 after purchasing an additional 367,346 shares during the period. Hedge funds and other institutional investors own 98.96% of the company's stock.
SPS Commerce Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
