SPS Commerce, Inc. (NASDAQ:SPSC) CFO Kimberly K. Nelson Sells 9,290 Shares

SPS Commerce, Inc. (NASDAQ:SPSC) CFO Kimberly K. Nelson sold 9,290 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the sale, the chief financial officer now owns 156,292 shares in the company, valued at $28,864,006.56. This trade represents a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

SPS Commerce Stock Down 2.5 %

SPS Commerce stock traded down $4.65 during trading hours on Monday, hitting $180.03. The stock had a trading volume of 216,030 shares, compared to its average volume of 211,773. The company has a 50-day moving average of $189.93 and a two-hundred day moving average of $191.02. The company has a market cap of $6.76 billion, a PE ratio of 86.14 and a beta of 0.88. SPS Commerce, Inc. has a fifty-two week low of $160.58 and a fifty-two week high of $218.74.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Robert W. Baird boosted 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. Stifel Nicolaus dropped their target price on shares of SPS Commerce from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Piper Sandler started coverage on shares of SPS Commerce in a report on Monday, November 25th. They issued a “neutral” rating and a $198.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 target price on shares of SPS Commerce in a report on Wednesday, January 15th. Finally, 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. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, SPS Commerce has a consensus rating of “Moderate Buy” and an average target price of $219.22.

Institutional Investors Weigh In On SPS Commerce

A number of large investors have recently bought and sold shares of the business. Pathstone Holdings LLC boosted its position in SPS Commerce by 0.3% in the 3rd quarter. Pathstone Holdings LLC now owns 19,675 shares of the software maker’s stock valued at $3,820,000 after buying an additional 54 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in SPS Commerce by 4.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,317 shares of the software maker’s stock worth $256,000 after buying an additional 55 shares during the period. Coldstream Capital Management Inc. raised its stake in SPS Commerce by 5.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,224 shares of the software maker’s stock worth $237,000 after buying an additional 58 shares during the period. First Trust Direct Indexing L.P. raised its stake in SPS Commerce by 2.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,312 shares of the software maker’s stock worth $449,000 after buying an additional 62 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of SPS Commerce by 26.0% in the third quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock valued at $65,000 after purchasing an additional 69 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors.

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.