SPS Commerce, Inc. (NASDAQ:SPSC) Short Interest Update

SPS Commerce, Inc. (NASDAQ:SPSC) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 2,641,219 shares, a growth of 22.9% from the February 26th total of 2,148,896 shares. Based on an average daily volume of 708,441 shares, the short-interest ratio is presently 3.7 days. Currently, 7.1% of the company’s stock are sold short.

Insider Buying and Selling at SPS Commerce

In related news, CFO Kimberly K. Nelson sold 6,300 shares of SPS Commerce stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $58.66, for a total transaction of $369,558.00. Following the transaction, the chief financial officer directly owned 145,452 shares of the company’s stock, valued at $8,532,214.32. This trade represents a 4.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jamie Thingelstad sold 2,418 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $54.94, for a total transaction of $132,844.92. Following the completion of the transaction, the executive vice president directly owned 56,344 shares of the company’s stock, valued at $3,095,539.36. This trade represents a 4.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,834 shares of company stock valued at $1,527,223 in the last ninety days. Company insiders own 0.98% of the company’s stock.

Hedge Funds Weigh In On SPS Commerce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in SPS Commerce by 5.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,944,449 shares of the software maker’s stock valued at $514,915,000 after purchasing an additional 249,351 shares during the last quarter. State Street Corp raised its stake in shares of SPS Commerce by 0.6% in the fourth quarter. State Street Corp now owns 1,468,312 shares of the software maker’s stock worth $130,871,000 after purchasing an additional 8,163 shares during the last quarter. UBS Group AG lifted its holdings in shares of SPS Commerce by 182.3% during the fourth quarter. UBS Group AG now owns 1,295,267 shares of the software maker’s stock worth $115,447,000 after purchasing an additional 836,407 shares during the period. Conestoga Capital Advisors LLC lifted its holdings in shares of SPS Commerce by 2.5% during the third quarter. Conestoga Capital Advisors LLC now owns 1,281,511 shares of the software maker’s stock worth $133,457,000 after purchasing an additional 30,769 shares during the period. Finally, Disciplined Growth Investors Inc. MN boosted its position in SPS Commerce by 86.4% in the third quarter. Disciplined Growth Investors Inc. MN now owns 792,472 shares of the software maker’s stock valued at $82,528,000 after buying an additional 367,346 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

SPSC has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of SPS Commerce in a research note on Thursday, January 22nd. Morgan Stanley set a $95.00 price target on shares of SPS Commerce in a report on Friday, February 13th. DA Davidson cut 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. Wall Street Zen upgraded shares of SPS Commerce from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Finally, Citigroup restated a “buy” rating and issued a $84.00 target price (down from $110.00) on shares of SPS Commerce in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $87.40.

SPS Commerce Stock Performance

Shares of SPSC stock opened at $55.67 on Wednesday. SPS Commerce has a fifty-two week low of $52.56 and a fifty-two week high of $153.16. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 22.72 and a beta of 0.62. The stock’s 50-day simple moving average is $67.15 and its 200-day simple moving average is $84.70.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, February 12th. The software maker reported $1.14 EPS for the quarter, beating 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 firm had revenue of $192.65 million during the quarter, compared to analyst estimates of $193.60 million. During the same period last year, the firm posted $0.89 EPS. SPS Commerce’s 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, equities analysts forecast that SPS Commerce will post 2.73 earnings per share for the current year.

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.