Today it was reported that a Director at SPS Commerce (SPSC), Sven Wehrwein, exercised options to sell 2,672 SPSC shares at $27.55 a share, for a total transaction value of $290.5K.
Following Sven Wehrwein’s last SPSC Sell transaction on August 04, 2016, the stock climbed by 42.5%. This is Wehrwein’s first transaction since reporting a Sell transaction on PRLB back in June 2018
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Based on SPS Commerce’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $65.19 million and quarterly net profit of $7.14 million. In comparison, last year the company earned revenue of $58.2 million and had a GAAP net loss of $9.1 million. SPSC’s market cap is $1.86B and the company has a P/E ratio of 79.28. Currently, SPS Commerce has an average volume of 153.3K.
Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $108.00, reflecting a -0.7% downside.
The insider sentiment on SPS Commerce has been negative according to 27 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Sven Wehrwein’s trades have generated a -13.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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SPS Commerce, Inc. engages in the provision of cloud-based supply chain management solutions company, which network-proven fulfillment, sourcing, and item assortment management solutions, along with comprehensive retail performance analytics to thousands of customers worldwide.