SPS Commerce, Inc. (NASDAQ:SPSC) Short Interest Update

SPS Commerce, Inc. (NASDAQ:SPSC) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 2,641,219 shares, a growth of 22.9% from the February 26th total of 2,148,896 shares. Based on an average daily volume of 708,441 shares, the days-to-cover ratio is currently 3.7 days. Approximately 7.1% of the shares of the company are sold short.

Insider Transactions at SPS Commerce

In related news, CFO Kimberly K. Nelson sold 6,300 shares of SPS Commerce stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $58.66, for a total transaction of $369,558.00. Following the completion of the sale, the chief financial officer directly owned 145,452 shares of the company’s stock, valued at approximately $8,532,214.32. This trade represents a 4.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Chadwick Collins sold 13,384 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $58.66, for a total value of $785,105.44. Following the completion of the sale, the chief executive officer owned 72,241 shares of the company’s stock, valued at $4,237,657.06. This trade represents a 15.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,834 shares of company stock worth $1,527,223 in the last ninety days. 0.98% of the stock is currently owned by company insiders.

Institutional Trading of SPS Commerce

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC acquired a new stake in shares of SPS Commerce during the 4th quarter worth approximately $1,097,000. Rockefeller Capital Management L.P. raised its position in SPS Commerce by 20.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,145 shares of the software maker’s stock valued at $369,000 after purchasing an additional 699 shares in the last quarter. Invesco Ltd. raised its position in SPS Commerce by 20.6% during the fourth quarter. Invesco Ltd. now owns 133,027 shares of the software maker’s stock valued at $11,857,000 after purchasing an additional 22,704 shares in the last quarter. Alberta Investment Management Corp bought a new stake in SPS Commerce during the fourth quarter worth $1,150,000. Finally, State of Tennessee Department of Treasury lifted its stake in SPS Commerce by 1.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 17,442 shares of the software maker’s stock worth $1,557,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

Analyst Ratings Changes

SPSC has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of SPS Commerce in a research report on Thursday, January 22nd. Robert W. Baird set a $86.00 price target on shares of SPS Commerce in a research report on Friday, February 13th. Citigroup reiterated a “buy” rating and issued a $84.00 price objective (down from $110.00) on shares of SPS Commerce in a research note on Friday, February 13th. Craig Hallum downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a report on Friday, February 13th. Finally, DA Davidson decreased their target price on shares of SPS Commerce from $80.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $87.40.

SPS Commerce Stock Up 0.8%

Shares of NASDAQ:SPSC traded up $0.43 during trading on Tuesday, reaching $55.51. 350,290 shares of the company traded hands, compared to its average volume of 774,810. The firm has a market capitalization of $2.08 billion, a PE ratio of 22.74 and a beta of 0.63. SPS Commerce has a 52 week low of $52.56 and a 52 week high of $153.16. The company’s 50 day moving average is $67.82 and its two-hundred day moving average is $85.05.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, February 12th. The software maker reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.14. SPS Commerce had a return on equity of 12.73% and a net margin of 12.42%.The company had revenue of $192.65 million for the quarter, compared to analysts’ expectations of $193.60 million. During the same quarter last year, the business earned $0.89 earnings per share. SPS Commerce’s revenue was up 12.7% on a year-over-year basis. SPS Commerce has set its FY 2026 guidance at 4.420-4.500 EPS and its Q1 2026 guidance at 0.950-0.990 EPS. As a group, research analysts anticipate that SPS Commerce will post 2.73 EPS for the current year.

SPS Commerce Company Profile

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.