Insider Selling: SPS Commerce, Inc. (NASDAQ:SPSC) EVP Sells 9,819 Shares of Stock

SPS Commerce, Inc. (NASDAQ:SPSCGet Free Report) EVP Dan Juckniess sold 9,819 shares of the firm’s stock in a transaction 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 owns 22,570 shares in the company, valued at $4,167,776.20. The trade was a 30.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through 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 shares were sold at an average price of $200.31, for a total transaction of $1,168,007.61.

SPS Commerce Trading Down 2.5 %

SPSC stock traded down $4.65 during trading on Monday, hitting $180.03. 216,030 shares of the stock traded hands, compared to its average volume of 211,773. SPS Commerce, Inc. has a one year low of $160.58 and a one year high of $218.74. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 86.14 and a beta of 0.88. The company has a 50 day simple moving average of $189.93 and a 200 day simple moving average of $191.02.

Hedge Funds Weigh In On SPS Commerce

Several institutional investors have recently added to or reduced their stakes in SPSC. Barclays PLC raised its stake in shares of SPS Commerce by 209.6% in the third quarter. Barclays PLC now owns 66,387 shares of the software maker’s stock worth $12,890,000 after acquiring an additional 44,946 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of SPS Commerce in the third quarter worth about $3,178,000. Synovus Financial Corp bought a new position in shares of SPS Commerce in the third quarter worth about $1,809,000. JPMorgan Chase & Co. raised its stake in shares of SPS Commerce by 69.4% in the third quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock worth $49,404,000 after acquiring an additional 104,210 shares during the last quarter. Finally, State Street Corp raised its stake 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 worth $280,398,000 after acquiring an additional 16,357 shares during the last quarter. 98.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Report on SPS Commerce

SPS Commerce Company Profile

(Get Free Report)

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.

Further Reading

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

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