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MINNEAPOLIS—Jamie Thingelstad, Executive Vice President and Chief Technology Officer of SPS Commerce Inc. (NASDAQ:SPSC), recently executed a series of stock transactions involving the company’s common stock. According to a filing with the Securities and Exchange Commission, Thingelstad sold a total of 2,956 shares over multiple transactions from February 19 to February 20, 2025. The sales were conducted at prices ranging from $143.9947 to $149.2413 per share, amounting to a total value of $434,695. The transactions come as the stock trades near its 52-week low of $142.81, having declined approximately 27% over the past six months.
These transactions were made under a pre-established Rule 10b5-1 trading plan, which allows insiders to set up a schedule for selling stocks to avoid allegations of insider trading. Following these sales, Thingelstad retains direct ownership of 1,724,737 shares of SPS Commerce. According to InvestingPro data, the company maintains strong financial health with more cash than debt and liquid assets exceeding short-term obligations.
Additionally, the filing noted that Thingelstad acquired 1,700,000 shares through a restricted stock unit award, which vests incrementally over four years. The company, currently valued at $5.47 billion, has demonstrated solid performance with 18.78% revenue growth over the last twelve months. For deeper insights into SPS Commerce’s valuation and growth metrics, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, SPS Commerce reported its fourth-quarter earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.89 and revenue of $170.9 million, compared to the consensus estimates of $0.87 EPS and $168.76 million in revenue. Despite the positive results, the company’s guidance for the first quarter and full year of 2025 fell short of expectations, with projected EPS and revenue slightly below consensus estimates. Analysts have responded with mixed reactions; Citi and Needham maintained Buy ratings but lowered their price targets to $200 and $210, respectively, citing concerns over slower organic growth. Piper Sandler downgraded its price target to $175 with a Neutral rating, pointing to underwhelming net customer additions despite an expanded Total (EPA:TTEF) Addressable Market (TAM) estimate of $11.1 billion.
DA Davidson, however, reiterated a Buy rating with a $245 price target, expressing confidence in the company’s profit outlook and revised TAM. Stifel also retained a Buy rating but adjusted its price target to $200, highlighting the potential growth from SPS Commerce’s largest deal and entry into the revenue recovery sector. The company’s management remains optimistic about the future, emphasizing their ability to leverage business opportunities and expand their market share. These developments have sparked a range of analyst opinions, reflecting both optimism and caution about SPS Commerce’s future growth trajectory.
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