SPS Commerce, Inc. (NASDAQ:SPSC) EVP Sells $1,813,176.54 in Stock

SPS Commerce, Inc. (NASDAQ:SPSC) EVP Dan Juckniess sold 9,819 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the completion of the transaction, the executive vice president now directly owns 22,570 shares of the company’s stock, valued at approximately $4,167,776.20. This represents a 30.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Dan Juckniess also recently made the following trade(s):

• On Wednesday, December 18th, Dan Juckniess sold 5,831 shares of SPS Commerce stock. The stock was sold at an average price of $200.31, for a total transaction of $1,168,007.61.

SPS Commerce Stock Performance

Shares of SPSC opened at $180.03 on Tuesday. The firm has a market cap of $6.76 billion, a PE ratio of 86.14 and a beta of 0.88. The firm’s 50 day moving average price is $189.66 and its 200 day moving average price is $190.84. SPS Commerce, Inc. has a twelve month low of $160.58 and a twelve month high of $218.74.

Hedge Funds Weigh In On SPS Commerce

A number of institutional investors have recently modified their holdings of the company. State Street Corp raised its position in shares of SPS Commerce by 1.1% in the third quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock valued at $280,398,000 after purchasing an additional 16,357 shares during the period. Conestoga Capital Advisors LLC raised its position in shares of SPS Commerce by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 1,248,581 shares of the software maker’s stock valued at $242,437,000 after purchasing an additional 21,170 shares during the period. Geode Capital Management LLC raised its position in shares of SPS Commerce by 1.5% in the third quarter. Geode Capital Management LLC now owns 937,321 shares of the software maker’s stock valued at $182,287,000 after purchasing an additional 14,174 shares during the period. FMR LLC raised its position in shares of SPS Commerce by 18.3% in the third quarter. FMR LLC now owns 677,145 shares of the software maker’s stock valued at $131,481,000 after purchasing an additional 104,769 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of SPS Commerce by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 465,144 shares of the software maker’s stock valued at $90,317,000 after purchasing an additional 8,186 shares during the period. Institutional investors own 98.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $230.00 price objective on shares of SPS Commerce in a research note on Wednesday, January 15th. Stifel Nicolaus reduced their price objective on shares of SPS Commerce from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Citigroup dropped their target price on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Robert W. Baird increased their price objective on shares of SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Finally, Piper Sandler initiated coverage on shares of SPS Commerce in a research note on Monday, November 25th. They set a “neutral” rating and a $198.00 target price on the stock. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, SPS Commerce presently has a consensus rating of “Moderate Buy” and an average target price of $219.22.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.