SPS Commerce (NASDAQ:SPSC) Sets New 52-Week Low on Insider Selling

SPS Commerce, Inc. (NASDAQ:SPSC)’s share price reached a new 52-week low on Wednesday after an insider sold shares in the company. The company traded as low as $70.10 and last traded at $69.5010, with a volume of 107590 shares. The stock had previously closed at $74.83.

Specifically, Director Marty M. Reaume sold 1,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $79.92, for a total transaction of $79,920.00. Following the completion of the transaction, the director directly owned 9,158 shares in the company, valued at approximately $731,907.36. This trade represents a 9.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Cantor Fitzgerald set a $70.00 price target on shares of SPS Commerce in a research report on Friday. Wall Street Zen lowered SPS Commerce from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Needham & Company LLC reissued a “buy” rating and set a $110.00 price target (down previously from $160.00) on shares of SPS Commerce in a research report on Friday, October 31st. DA Davidson cut their price target on SPS Commerce from $125.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of SPS Commerce in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $88.90.

Key Headlines Impacting SPS Commerce

Here are the key news stories impacting SPS Commerce this week:

• Positive Sentiment: Q4 EPS beat and solid profitability — SPS reported $1.14 EPS vs. $1.00 consensus and improved net margin/ROE, showing profitable growth that can support valuation. SPS Commerce (SPSC) Q4 Earnings Beat Estimates
• Positive Sentiment: FY 2026 EPS guidance well above street — management set FY EPS at $4.420–4.500 versus ~4.07 consensus, signaling confidence in full?year profitability and underlying margin leverage. SPSC Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Board refresh — company appointed two independent directors (Michael McConnell and Fumbi Chima), a governance move that may be viewed neutrally to mildly positive over time. SPS Commerce Appoints New Independent Directors to the Board
• Neutral Sentiment: Q1 EPS guidance roughly inline — management gave Q1 EPS guidance of $0.950–0.990 vs. consensus ~0.970, so near?term earnings expectations are broadly as anticipated. SPSC Q4 2025 Earnings Call Transcript
• Negative Sentiment: Quarterly revenue slightly missed estimates — Q4 revenue was $192.65M vs. $193.6M consensus, and while revenue grew 12.7% YoY this miss pressures top?line momentum expectations. SPS Commerce Q4 Earnings (MarketBeat)
• Negative Sentiment: Q1 revenue guidance below street — management guided Q1 revenue $191.6M–$193.6M vs. ~$197M consensus, implying near?term revenue softness that likely weighs on multiple and near?term growth expectations. SPSC Q4 2025 Earnings Call Transcript
• Negative Sentiment: Insider selling — a director sold 1,000 shares at ~$79.92 recently; small in size but often read negatively by the market when combined with other soft top?line signals. SPS Commerce Director Marty Reaume Sells 1,000 Shares

SPS Commerce Trading Down 4.4%

The company has a market capitalization of $2.34 billion, a PE ratio of 27.77 and a beta of 0.56. The company’s 50 day moving average price is $87.78 and its 200-day moving average price is $97.50.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, February 12th. The software maker reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.14. The firm had revenue of $192.65 million for the quarter, compared to analysts’ expectations of $193.60 million. SPS Commerce had a return on equity of 12.17% and a net margin of 11.65%.The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.89 earnings per share. 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, analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Bridgewater Associates LP grew its stake in SPS Commerce by 124.9% during the fourth quarter. Bridgewater Associates LP now owns 65,572 shares of the software maker’s stock worth $5,844,000 after buying an additional 36,413 shares during the period. Bank of Nova Scotia purchased a new position in shares of SPS Commerce in the 4th quarter valued at $451,000. Public Sector Pension Investment Board lifted its holdings in shares of SPS Commerce by 85.0% during the 4th quarter. Public Sector Pension Investment Board now owns 273,605 shares of the software maker’s stock valued at $24,386,000 after acquiring an additional 125,702 shares in the last quarter. Headlands Technologies LLC boosted its position in SPS Commerce by 25.0% during the 4th quarter. Headlands Technologies LLC now owns 13,194 shares of the software maker’s stock worth $1,176,000 after purchasing an additional 2,635 shares during the period. Finally, State Street Corp increased its holdings in SPS Commerce by 0.6% in the 4th quarter. State Street Corp now owns 1,468,312 shares of the software maker’s stock valued at $130,871,000 after purchasing an additional 8,163 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

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.