SPS Commerce, Inc. (NASDAQ:SPSC) CEO Archie C. Black sold 1,997 shares of the stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $95.08, for a total value of $189,874.76. Following the sale, the chief executive officer now owns 92,321 shares of the company’s stock, valued at $8,777,880.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
NASDAQ SPSC opened at $96.00 on Thursday. SPS Commerce, Inc. has a fifty-two week low of $45.02 and a fifty-two week high of $100.68. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 228.57, a P/E/G ratio of 3.62 and a beta of 0.78.
A number of hedge funds and other institutional investors have recently bought and sold shares of SPSC. Harvest Fund Management Co. Ltd bought a new position in SPS Commerce during the third quarter valued at about $114,000. MERIAN GLOBAL INVESTORS UK Ltd bought a new position in SPS Commerce during the third quarter valued at about $119,000. First Quadrant L P CA bought a new position in SPS Commerce during the third quarter valued at about $151,000. NumerixS Investment Technologies Inc bought a new position in SPS Commerce during the second quarter valued at about $156,000. Finally, Macquarie Group Ltd. raised its holdings in SPS Commerce by 223.7% during the second 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 in the last quarter. Institutional investors own 94.41% of the company’s stock.
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About SPS Commerce
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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