SPS Commerce, Inc. (NASDAQ:SPSC) CFO Sells $1,682,326.10 in Stock

SPS Commerce, Inc. (NASDAQ:SPSC) CFO Kimberly K. Nelson sold 9,290 shares of SPS Commerce stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $181.09, for a total value of $1,682,326.10. Following the sale, the chief financial officer now directly owns 147,002 shares in the company, valued at $26,620,592.18. The trade was a 5.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

SPS Commerce Stock Performance

Shares of NASDAQ SPSC traded down $1.89 during mid-day trading on Friday, hitting $178.31. 193,547 shares of the stock were exchanged, compared to its average volume of 213,774. The company has a market cap of $6.70 billion, a P/E ratio of 85.32 and a beta of 0.88. SPS Commerce, Inc. has a twelve month low of $160.58 and a twelve month high of $218.74. The stock’s fifty day simple moving average is $188.96 and its two-hundred day simple moving average is $190.56.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On SPS Commerce

Several institutional investors have recently bought and sold shares of SPSC. HighTower Advisors LLC lifted its position in shares of SPS Commerce by 157.2% during the fourth quarter. HighTower Advisors LLC now owns 21,161 shares of the software maker’s stock worth $3,893,000 after purchasing an additional 12,933 shares in the last quarter. Moran Wealth Management LLC grew its holdings in SPS Commerce by 7.0% during the 4th quarter. Moran Wealth Management LLC now owns 2,998 shares of the software maker’s stock worth $552,000 after acquiring an additional 195 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of SPS Commerce by 11.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,653 shares of the software maker’s stock valued at $1,776,000 after purchasing an additional 1,022 shares during the period. Amundi boosted its position in shares of SPS Commerce by 199.1% in the 4th quarter. Amundi now owns 19,534 shares of the software maker’s stock worth $3,581,000 after purchasing an additional 13,003 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. grew its stake in shares of SPS Commerce by 6.0% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,255 shares of the software maker’s stock worth $231,000 after purchasing an additional 71 shares during the period. Institutional investors own 98.96% of the company’s stock.

About SPS Commerce

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.