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Kimberly K. Nelson, the Executive Vice President and Chief Financial Officer of SPS Commerce Inc. (NASDAQ:SPSC), recently sold a substantial number of shares in the company. According to InvestingPro data, SPSC currently trades near its Fair Value with a market capitalization of $6.7 billion and maintains strong financial health with a current ratio of 2.36x. According to a recent SEC filing, Nelson sold a total of 9,290 shares of common stock on February 5, 2025. The sales were executed at prices ranging from $180.33 to $182.74 per share, amounting to a total transaction value of approximately $1.68 million. The company, which has shown solid revenue growth of 19% over the last twelve months, is scheduled to report earnings in just 3 days.
Following these transactions, Nelson holds 147,002 shares directly. Additionally, she has an indirect ownership of 435.313 shares through a 401(k) plan. The sales were made under a pre-established Rule 10b5-1 trading plan, which was adopted on May 20, 2024. For deeper insights into insider trading patterns and comprehensive financial analysis, including 14 additional ProTips, check out the full SPSC research report on InvestingPro.
In other recent news, retail cloud services provider SPS Commerce has finalized its acquisition of software provider Carbon6 Technologies, aiming to augment its services for both first and third-party sellers in the retail space. This strategic move is expected to strengthen SPS Commerce’s standing in the revenue recovery market. In response to this acquisition, Stifel analysts have revised their price target for SPS Commerce, while maintaining a Buy rating. They believe this acquisition, along with the company’s vertical focus on Fulfillment, Analytics, and invoice deduction functions, will bolster cross-selling opportunities in the future.
Loop Capital has also reiterated a Buy rating and a price target of $230.00 for SPS Commerce, reflecting confidence in the company’s ongoing performance and future prospects. Similarly, Needham maintains a Buy rating and a $230.00 price target, viewing the Carbon6 acquisition as a financially sensible move that presents a substantial sales opportunity. Meanwhile, Piper Sandler has initiated coverage on SPS Commerce with a Neutral rating, noting the company’s position in the growing Electronic Data Interchange market, but expressing concern over the slowed rate of new customer acquisitions.
These developments reflect a period of strategic expansion and market activity for SPS Commerce, with analyst firms indicating varying levels of confidence in the company’s growth trajectory.
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