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 firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $184.66, for a total value of $1,813,176.54. Following the sale, the executive vice president now owns 22,570 shares in the company, valued at $4,167,776.20. The trade was a 30.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 value of $1,168,007.61.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC opened at $182.16 on Thursday. The stock’s 50-day moving average is $189.21 and its 200 day moving average is $190.64. The company has a market cap of $6.84 billion, a PE ratio of 87.16 and a beta of 0.88. SPS Commerce, Inc. has a 1 year low of $160.58 and a 1 year high of $218.74.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Piper Sandler began coverage on shares of SPS Commerce in a research report on Monday, November 25th. They set a “neutral” rating and a $198.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 target price on shares of SPS Commerce in a report on Wednesday, January 15th. Robert W. Baird upped their price target on shares of SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Stifel Nicolaus decreased their price objective on SPS Commerce from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Finally, Citigroup lowered their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, SPS Commerce currently has a consensus rating of “Moderate Buy” and a consensus target price of $219.22.

Hedge Funds Weigh In On SPS Commerce

Several hedge funds have recently made changes to their positions in SPSC. Blue Trust Inc. boosted its holdings in SPS Commerce by 140.8% in the third quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of SPS Commerce by 129.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after purchasing an additional 100 shares in the last quarter. R Squared Ltd purchased a new position in shares of SPS Commerce during the fourth quarter valued at about $57,000. Arcadia Investment Management Corp MI bought a new position in SPS Commerce in the fourth quarter worth about $57,000. Finally, Signaturefd LLC lifted its holdings in 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 period. 98.96% of the stock is owned by hedge funds and other 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.