SPS Commerce, Inc. (NASDAQ:SPSC) CFO Sells $2,315,644.87 in Stock

SPS Commerce, Inc. (NASDAQ:SPSCGet Free Report) CFO Kimberly K. Nelson sold 12,907 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $179.41, for a total value of $2,315,644.87. Following the completion of the sale, the chief financial officer now owns 157,251 shares of the company’s stock, valued at $28,212,401.91. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

SPS Commerce Stock Performance

NASDAQ:SPSC opened at $179.85 on Monday. SPS Commerce, Inc. has a 1 year low of $136.10 and a 1 year high of $198.35. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of 107.05 and a beta of 0.82. The business has a fifty day moving average of $184.53 and a 200-day moving average of $176.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. lifted its holdings in shares of SPS Commerce by 654.0% in the fourth quarter. Alliancebernstein L.P. now owns 676,583 shares of the software maker’s stock valued at $86,894,000 after buying an additional 586,851 shares during the period. Morgan Stanley lifted its holdings in shares of SPS Commerce by 156.5% during the fourth quarter. Morgan Stanley now owns 800,226 shares of the software maker’s stock valued at $102,773,000 after purchasing an additional 488,227 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in shares of SPS Commerce during the second quarter valued at $91,900,000. Norges Bank purchased a new stake in shares of SPS Commerce during the fourth quarter valued at $42,215,000. Finally, Wellington Management Group LLP lifted its holdings in shares of SPS Commerce by 4,691.6% during the third quarter. Wellington Management Group LLP now owns 277,913 shares of the software maker’s stock valued at $47,415,000 after purchasing an additional 272,113 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SPSC. Northland Securities upgraded SPS Commerce from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $175.00 to $177.00 in a research note on Friday, October 27th. DA Davidson began coverage on SPS Commerce in a research note on Tuesday, November 14th. They set a “buy” rating and a $200.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $205.00 price objective on shares of SPS Commerce in a research note on Thursday, January 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $191.17.

Get Our Latest Report on SPSC

SPS Commerce Company Profile

(Get Free Report)

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

See Also

Insider Buying and Selling by Quarter for SPS Commerce (NASDAQ:SPSC)

Receive News & Ratings for SPS Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPS Commerce and related companies with MarketBeat.com's FREE daily email newsletter.