SPS Commerce (NASDAQ:SPSC) Reaches New 12-Month Low Following Insider Selling

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) hit a new 52-week low on Wednesday after an insider sold shares in the company. The company traded as low as $70.10 and last traded at $69.5010, with a volume of 107590 shares. The stock had previously closed at $74.83.

Specifically, Director Marty M. Reaume sold 1,000 shares of SPS Commerce stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $79.92, for a total value of $79,920.00. Following the transaction, the director owned 9,158 shares of the company’s stock, valued at $731,907.36. The trade was a 9.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Analyst Upgrades and Downgrades

SPSC has been the topic of several recent analyst reports. DA Davidson reduced their target price on SPS Commerce from $125.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Morgan Stanley set a $95.00 price objective on shares of SPS Commerce in a research report on Friday. Northland Securities set a $109.00 target price on shares of SPS Commerce in a research note on Friday, October 31st. Citigroup restated a “buy” rating and set a $84.00 price target (down previously from $110.00) on shares of SPS Commerce in a research note on Friday. Finally, Cantor Fitzgerald set a $70.00 price target on shares of SPS Commerce in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $88.90.

Key SPS Commerce News

Here are the key news stories impacting SPS Commerce this week:

• Positive Sentiment: Q4 EPS beat and solid profitability — SPS reported $1.14 EPS vs. $1.00 consensus and improved net margin/ROE, showing profitable growth that can support valuation. SPS Commerce (SPSC) Q4 Earnings Beat Estimates
• Positive Sentiment: FY 2026 EPS guidance well above street — management set FY EPS at $4.420–4.500 versus ~4.07 consensus, signaling confidence in full‑year profitability and underlying margin leverage. SPSC Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Board refresh — company appointed two independent directors (Michael McConnell and Fumbi Chima), a governance move that may be viewed neutrally to mildly positive over time. SPS Commerce Appoints New Independent Directors to the Board
• Neutral Sentiment: Q1 EPS guidance roughly inline — management gave Q1 EPS guidance of $0.950–0.990 vs. consensus ~0.970, so near‑term earnings expectations are broadly as anticipated. SPSC Q4 2025 Earnings Call Transcript
• Negative Sentiment: Quarterly revenue slightly missed estimates — Q4 revenue was $192.65M vs. $193.6M consensus, and while revenue grew 12.7% YoY this miss pressures top‑line momentum expectations. SPS Commerce Q4 Earnings (MarketBeat)
• Negative Sentiment: Q1 revenue guidance below street — management guided Q1 revenue $191.6M–$193.6M vs. ~$197M consensus, implying near‑term revenue softness that likely weighs on multiple and near‑term growth expectations. SPSC Q4 2025 Earnings Call Transcript
• Negative Sentiment: Insider selling — a director sold 1,000 shares at ~$79.92 recently; small in size but often read negatively by the market when combined with other soft top‑line signals. SPS Commerce Director Marty Reaume Sells 1,000 Shares

SPS Commerce Stock Down 4.4%

The company has a market capitalization of $2.34 billion, a PE ratio of 27.77 and a beta of 0.56. The firm has a 50-day moving average of $87.78 and a two-hundred day moving average of $97.50.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, February 12th. The software maker reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.14. SPS Commerce had a net margin of 11.65% and a return on equity of 12.17%. The firm had revenue of $192.65 million for the quarter, compared to the consensus estimate of $193.60 million. During the same period in the prior year, the firm posted $0.89 earnings per share. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. SPS Commerce has set its FY 2026 guidance at 4.420-4.500 EPS and its Q1 2026 guidance at 0.950-0.990 EPS. Equities analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC acquired a new stake in shares of SPS Commerce in the 3rd quarter worth $28,000. NewEdge Advisors LLC lifted its holdings in SPS Commerce by 545.7% in the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock valued at $30,000 after acquiring an additional 191 shares during the last quarter. Advisory Services Network LLC purchased a new position in SPS Commerce in the third quarter worth approximately $32,000. Global Retirement Partners LLC increased its stake in SPS Commerce by 2,130.0% during the fourth quarter. Global Retirement Partners LLC now owns 446 shares of the software maker’s stock worth $40,000 after acquiring an additional 426 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of SPS Commerce in the 3rd quarter valued at $48,000. 98.96% of the stock is owned by hedge funds and other institutional investors.

SPS Commerce Company Profile

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.