SPS Commerce, Inc. (NASDAQ:SPSC) EVP Sells $1,813,176.54 in Stock

SPS Commerce, Inc. (NASDAQ:SPSC) EVP Dan Juckniess sold 9,819 shares of the business’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 sale, the executive vice president now owns 22,570 shares in the company, valued at approximately $4,167,776.20. This trade represents a 30.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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 Stock Up 0.5 %

Shares of SPSC stock opened at $182.16 on Thursday. The company has a 50 day moving average price of $189.21 and a 200-day moving average price of $190.64. SPS Commerce, Inc. has a 52 week low of $160.58 and a 52 week high of $218.74. The firm has a market capitalization of $6.84 billion, a PE ratio of 87.16 and a beta of 0.88.

Analysts Set New Price Targets

SPSC has been the topic of a number of analyst 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 price target on the stock. Citigroup dropped their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Robert W. Baird raised their price target on SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 price target on shares of SPS Commerce in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus cut their price objective 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. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $219.22.

Institutional Investors Weigh In On SPS Commerce

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPSC. Blue Trust Inc. boosted its stake in shares of SPS Commerce by 140.8% in the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock worth $32,000 after buying an additional 100 shares during the last quarter. Advisors Asset Management Inc. boosted its position in SPS Commerce by 129.9% in the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after purchasing an additional 100 shares during the last quarter. R Squared Ltd purchased a new stake in shares of SPS Commerce during the 4th quarter valued at about $57,000. Arcadia Investment Management Corp MI bought a new position in shares of SPS Commerce in the 4th quarter worth approximately $57,000. Finally, Signaturefd LLC boosted 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 worth $65,000 after buying an additional 69 shares during the last quarter. Hedge funds and other 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.