SPS Commerce CEO Sells $839,344 in Stock (SPSC)
SPS Commerce (NASDAQ:SPSC) CEO Archie Black sold 12,911 shares of SPS Commerce stock on the open market in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $65.01, for a total value of $839,344.11. Following the sale, the chief executive officer now directly owns 24,649 shares in the company, valued at approximately $1,602,431. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus raised their price target on shares of SPS Commerce from $60.00 to $80.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Separately, analysts at Northland Capital Partners raised their price target on shares of SPS Commerce from $66.00 to $82.00 in a research note to investors on Friday, October 25th. They now have an “outperform” rating on the stock. Finally, analysts at Needham & Company raised their price target on shares of SPS Commerce from $65.00 to $82.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $72.00.
Shares of SPS Commerce (NASDAQ:SPSC) traded up 2.19% during mid-day trading on Wednesday, hitting $68.55. 121,464 shares of the company’s stock traded hands. SPS Commerce has a 1-year low of $36.50 and a 1-year high of $79.98. The stock’s 50-day moving average is $65.30 and its 200-day moving average is $65.34. The company has a market cap of $1.047 billion and a P/E ratio of 894.40.
SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, October 24th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. The company had revenue of $27.01 million for the quarter, compared to the consensus estimate of $26.40 million. During the same quarter last year, the company posted $0.10 earnings per share. SPS Commerce’s revenue was up 33.3% compared to the same quarter last year. On average, analysts predict that SPS Commerce will post $0.52 earnings per share for the current fiscal year.
SPS Commerce, Inc is a provider of on-demand supply chain management solutions, providing integration, collaboration, connectivity, visibility and data analytics.
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