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

SPS Commerce, Inc. (NASDAQ:SPSC) CFO Kimberly K. Nelson sold 9,290 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were 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 approximately $28,864,006.56. This trade represents a 5.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

SPS Commerce Stock Up 0.6 %

Shares of SPS Commerce stock opened at $181.19 on Wednesday. The firm has a market cap of $6.81 billion, a PE ratio of 86.69 and a beta of 0.88. SPS Commerce, Inc. has a 12-month low of $160.58 and a 12-month high of $218.74. The company’s fifty day simple moving average is $189.42 and its two-hundred day simple moving average is $190.70.

Wall Street Analyst Weigh In

SPSC has been the topic of several research reports. Piper Sandler initiated coverage on shares of SPS Commerce in a research report on Monday, November 25th. They set a “neutral” rating and a $198.00 price objective on the stock. Citigroup lowered their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 target price on shares of SPS Commerce in a research report on Wednesday, January 15th. Stifel Nicolaus decreased their target price 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. Finally, Robert W. Baird lifted their target price 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. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, SPS Commerce currently has an average rating of “Moderate Buy” and a consensus price target of $219.22.

Institutional Investors Weigh In On SPS Commerce

A number of large investors have recently added to or reduced their stakes in SPSC. Barclays PLC boosted its stake in shares of SPS Commerce by 209.6% during the 3rd quarter. Barclays PLC now owns 66,387 shares of the software maker’s stock valued at $12,890,000 after purchasing an additional 44,946 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of SPS Commerce during the 3rd quarter valued at about $3,178,000. Synovus Financial Corp bought a new stake in shares of SPS Commerce during the 3rd quarter valued at about $1,809,000. JPMorgan Chase & Co. boosted its stake in shares of SPS Commerce by 69.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock valued at $49,404,000 after purchasing an additional 104,210 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of SPS Commerce by 1.1% during the 3rd quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock valued at $280,398,000 after purchasing an additional 16,357 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Company Profile

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.