Insider Selling: SPS Commerce (NASDAQ:SPSC) CEO Sells $785,105.44 in Stock

SPS Commerce, Inc. (NASDAQ:SPSC) CEO Chadwick Collins sold 13,384 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $58.66, for a total transaction of $785,105.44. Following the sale, the chief executive officer directly owned 72,241 shares of the company’s stock, valued at $4,237,657.06. The trade was a 15.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

SPS Commerce Trading Up 5.7%

SPSC opened at $57.25 on Friday. The company’s 50 day moving average is $82.00 and its 200 day moving average is $93.36. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 23.37 and a beta of 0.56. SPS Commerce, Inc. has a 12-month low of $52.56 and a 12-month high of $153.16.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, February 12th. The software maker reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.14. SPS Commerce had a net margin of 12.42% and a return on equity of 12.73%. The business had revenue of $192.65 million for the quarter, compared to the consensus estimate of $193.60 million. During the same period last year, the firm earned $0.89 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. SPS Commerce has set its FY 2026 guidance at 4.420-4.500 EPS and its Q1 2026 guidance at 0.950-0.990 EPS. As a group, analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Institutional Investors Weigh In On SPS Commerce

Several large investors have recently made changes to their positions in SPSC. Invesco Ltd. boosted its stake in SPS Commerce by 20.6% during the fourth quarter. Invesco Ltd. now owns 133,027 shares of the software maker’s stock valued at $11,857,000 after buying an additional 22,704 shares during the last quarter. Alberta Investment Management Corp purchased a new stake in shares of SPS Commerce during the 4th quarter worth approximately $1,150,000. State of Tennessee Department of Treasury raised its holdings in shares of SPS Commerce by 1.0% during the 4th quarter. State of Tennessee Department of Treasury now owns 17,442 shares of the software maker’s stock worth $1,557,000 after acquiring an additional 175 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of SPS Commerce during the 4th quarter valued at approximately $210,000. Finally, Empowered Funds LLC purchased a new position in shares of SPS Commerce in the fourth quarter valued at $116,000. 98.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on SPSC. Northland Securities set a $109.00 price objective on SPS Commerce in a research report on Friday, October 31st. Robert W. Baird set a $86.00 price target on shares of SPS Commerce in a report on Friday, February 13th. Morgan Stanley set a $95.00 price objective on shares of SPS Commerce in a research note on Friday, February 13th. DA Davidson decreased their price objective on shares of SPS Commerce from $80.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. Finally, Citigroup reaffirmed a “buy” rating and issued a $84.00 target price (down from $110.00) on shares of SPS Commerce in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $87.40.

About SPS Commerce

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.