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MINNEAPOLIS—Dan Juckniess, Executive Vice President and Chief Sales Officer at SPS Commerce Inc. (NASDAQ:SPSC), recently reported a series of stock transactions involving the company’s common stock. According to a filing with the Securities and Exchange Commission, Juckniess sold shares totaling $489,579 over a period of two days. The sales come as SPSC shares have declined nearly 27% over the past six months, with the stock currently trading near its 52-week low of $142.81. InvestingPro analysis shows the company maintains strong financial health with a market capitalization of $5.47 billion.
On February 19, 2025, Juckniess sold a total of 2,591 shares at prices ranging from $146.52 to $149.31. The following day, he sold an additional 735 shares at prices between $143.47 and $145.61. These transactions were conducted under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan for selling stocks to avoid allegations of insider trading.
Prior to these sales, Juckniess acquired 1,350,000 shares through a Restricted Stock Unit award, which vests over four years. After these transactions, Juckniess holds direct ownership of approximately 1,366,849 shares of SPS Commerce common stock.
In other recent news, SPS Commerce reported fourth-quarter earnings that slightly exceeded analyst expectations, with earnings per share (EPS) of $0.89 and revenue of $170.9 million, surpassing consensus estimates. Despite this performance, the company’s guidance for the first quarter of 2025 fell short of expectations, projecting an EPS range of $0.82-$0.84, below the consensus estimate of $0.92. The full-year 2025 guidance also showed a slight shortfall, with an EPS forecast of $3.78-$3.84 and revenue between $758-763 million, compared to consensus estimates of $3.92 EPS and $761.2 million in revenue.
Analysts have responded with mixed outlooks. Citi and Needham both lowered their price targets while maintaining Buy ratings, citing concerns about organic growth but noting potential for margin improvements. Piper Sandler adjusted its price target to $175 from $198, maintaining a Neutral rating due to concerns over net customer additions. Meanwhile, DA Davidson maintained a Buy rating with a $245 target, expressing optimism about the company’s profit outlook and market potential. Stifel also adjusted its price target to $200, highlighting the company’s new Total (EPA:TTEF) Addressable Market framework and its potential for growth in recurring revenue. These developments reflect a range of perspectives on SPS Commerce’s growth trajectory and market opportunities.
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