SPS Commerce, Inc. (NASDAQ:SPSC) EVP Dan Juckniess Sells 9,819 Shares of Stock

SPS Commerce, Inc. (NASDAQ:SPSC) EVP Dan Juckniess sold 9,819 shares of SPS Commerce stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 22,570 shares in the company, valued at approximately $4,167,776.20. The trade was a 30.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Dan Juckniess also recently made the following trade(s):

• On Wednesday, December 18th, Dan Juckniess sold 5,831 shares of SPS Commerce stock. The stock was sold at an average price of $200.31, for a total transaction of $1,168,007.61.

SPS Commerce Stock Performance

Shares of SPSC stock opened at $180.03 on Tuesday. The firm’s 50 day moving average price is $189.66 and its 200-day moving average price is $190.84. SPS Commerce, Inc. has a one year low of $160.58 and a one year high of $218.74. The firm has a market cap of $6.76 billion, a P/E ratio of 86.14 and a beta of 0.88.

Institutional Investors Weigh In On SPS Commerce

Hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its holdings in SPS Commerce by 140.8% during 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 in the last quarter. Advisors Asset Management Inc. grew its position in shares of SPS Commerce by 129.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after buying an additional 100 shares during the last quarter. R Squared Ltd purchased a new position in shares of SPS Commerce in the 4th quarter valued at $57,000. Arcadia Investment Management Corp MI acquired a new stake in SPS Commerce during the 4th quarter worth $57,000. Finally, Signaturefd LLC boosted its stake in SPS Commerce by 26.0% during the 3rd quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock worth $65,000 after purchasing an additional 69 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SPSC has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and set a $230.00 price objective on shares of SPS Commerce in a research note on Wednesday, January 15th. 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 price objective for the company. Citigroup cut their target price on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Robert W. Baird boosted their target price on shares of SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Finally, Stifel Nicolaus dropped their price objective on shares of SPS Commerce from $250.00 to $225.00 and set a “buy” rating for the company 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. Based on data from MarketBeat.com, SPS Commerce currently has a consensus rating of “Moderate Buy” and an average price target of $219.22.

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.