James J. Frome Sells 3,772 Shares of SPS Commerce, Inc. (NASDAQ:SPSC) Stock

SPS Commerce, Inc. (NASDAQ:SPSC – Get Rating) COO James J. Frome sold 3,772 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $169.48, for a total transaction of $639,278.56. Following the sale, the chief operating officer now owns 34,332 shares in the company, valued at $5,818,587.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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SPS Commerce Trading Up 0.9 %

SPSC stock opened at $172.09 on Friday. The company has a market capitalization of $6.29 billion, a P/E ratio of 110.31 and a beta of 0.77. The business has a 50 day simple moving average of $155.00 and a 200-day simple moving average of $144.50. SPS Commerce, Inc. has a twelve month low of $97.75 and a twelve month high of $173.27.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SPSC. Needham & Company LLC reissued a “buy” rating and issued a $160.00 price objective on shares of SPS Commerce in a research report on Friday, March 3rd. Northland Securities raised their price objective on shares of SPS Commerce from $151.00 to $154.00 in a report on Thursday, April 27th. StockNews.com started coverage on shares of SPS Commerce in a report on Thursday, May 18th. They issued a “buy” rating for the company. Finally, Craig Hallum lifted their price target on shares of SPS Commerce from $160.00 to $165.00 in a research note on Thursday, April 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $157.50.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Belpointe Asset Management LLC acquired a new stake in shares of SPS Commerce in the 4th quarter worth $31,000. Ronald Blue Trust Inc. boosted its stake in shares of SPS Commerce by 1,792.3% during the first quarter. Ronald Blue Trust Inc. now owns 246 shares of the software maker’s stock valued at $32,000 after acquiring an additional 233 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of SPS Commerce during the 1st quarter worth about $32,000. CWM LLC boosted its position in SPS Commerce by 40.8% during the fourth quarter. CWM LLC now owns 314 shares of the software maker’s stock worth $40,000 after acquiring an additional 91 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of SPS Commerce by 74.2% during the first quarter. Cullen Frost Bankers Inc. now owns 270 shares of the software maker’s stock worth $41,000 after purchasing an additional 115 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

SPS Commerce Company Profile

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SPS Commerce, Inc provides cloud-based supply chain management services. The firm serves retailers, suppliers, grocers, distributors and logistics firms to orchestrate the management of item data, order fulfillment, inventory control and sales analytics across all channels. Its SPS Commerce cloud services platform offers Trading Partner Community, Fulfillment, Assortment, Analytics, Sourcing, and Other Trading Partner Solutions.