SPS Commerce, Inc. (NASDAQ:SPSC) CEO Archie C. Black sold 1,997 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $95.08, for a total transaction of $189,874.76. Following the completion of the sale, the chief executive officer now directly owns 92,321 shares in the company, valued at $8,777,880.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
SPSC opened at $95.90 on Friday. The firm has a market capitalization of $1.66 billion, a P/E ratio of 228.33, a P/E/G ratio of 3.62 and a beta of 0.78. SPS Commerce, Inc. has a 12 month low of $45.02 and a 12 month high of $100.68.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Macquarie Group Ltd. increased its stake in SPS Commerce by 223.7% in the 2nd quarter. Macquarie Group Ltd. now owns 2,564 shares of the software maker’s stock valued at $188,000 after buying an additional 1,772 shares during the last quarter. Spark Investment Management LLC acquired a new stake in SPS Commerce in the 2nd quarter valued at $1,976,000. LPL Financial LLC acquired a new stake in SPS Commerce in the 1st quarter valued at $217,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in SPS Commerce in the 2nd quarter valued at $270,000. Finally, Rhumbline Advisers increased its stake in SPS Commerce by 4.2% in the 2nd quarter. Rhumbline Advisers now owns 41,185 shares of the software maker’s stock valued at $3,026,000 after buying an additional 1,645 shares during the last quarter. 94.41% of the stock is currently owned by institutional investors and hedge funds.
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SPS Commerce Company Profile
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It provides solutions through the SPS Commerce platform, a cloud-based product suite that enhances the way retailers, suppliers, distributors, logistics firms, and other trading partners manage and fulfill orders, manage sell-through performance, and source new items.
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