Insider Selling: Sven Wehrwein Sells 1,000 Shares of SPS Commerce Stock (SPSC)
SPS Commerce (NASDAQ:SPSC) Director Sven Wehrwein unloaded 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $59.62, for a total transaction of $59,620.00. Following the completion of the transaction, the director now directly owns 2,895 shares of the company’s stock, valued at approximately $172,600. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of SPS Commerce (NASDAQ:SPSC) traded down 1.61% on Tuesday, hitting $58.80. 58,075 shares of the company’s stock traded hands. SPS Commerce has a 52 week low of $43.84 and a 52 week high of $79.98. The stock has a 50-day moving average of $53.91 and a 200-day moving average of $61.52. The company has a market cap of $952.7 million and a P/E ratio of 756.46.
SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.01. The company had revenue of $28.90 million for the quarter, compared to the consensus estimate of $28.67 million. During the same quarter last year, the company posted $0.12 earnings per share. SPS Commerce’s revenue was up 21.4% compared to the same quarter last year. On average, analysts predict that SPS Commerce will post $0.64 earnings per share for the current fiscal year.
Separately, analysts at Canaccord Genuity cut their price target on shares of SPS Commerce from $80.00 to $65.00 in a research note on Friday, April 25th. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $75.67.
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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