SPS Commerce, Inc. (NASDAQ:SPSC) Director Martin J. Leestma sold 8,316 shares of SPS Commerce stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $95.74, for a total value of $796,173.84. Following the completion of the transaction, the director now owns 12,619 shares of the company’s stock, valued at approximately $1,208,143.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
SPSC opened at $96.41 on Friday. The stock has a market capitalization of $1.70 billion, a P/E ratio of 229.55, a P/E/G ratio of 3.70 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.
SPSC has been the subject of several recent research reports. Zacks Investment Research lowered SPS Commerce from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. BidaskClub lowered SPS Commerce from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Oppenheimer lifted their price target on SPS Commerce from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, October 26th. Benchmark upgraded SPS Commerce from a “hold” rating to a “buy” rating in a research report on Friday, July 27th. Finally, Canaccord Genuity lifted their price target on SPS Commerce from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $90.56.
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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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