William Blair Reaffirms Their Hold Rating on SPS Commerce (SPSC)

William Blair analyst Dylan Becker maintained a Hold rating on SPS Commerce (SPSC – Research Report) today. The company’s shares closed yesterday at $169.43.

According to TipRanks, Becker is a 3-star analyst with an average return of 4.1% and a 50.00% success rate. Becker covers the Technology sector, focusing on stocks such as Autodesk, The Descartes Systems Group, and Altair Engineering.

SPS Commerce has an analyst consensus of Strong Buy, with a price target consensus of $201.33.

SPSC market cap is currently $6.33B and has a P/E ratio of 97.10.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SPSC in relation to earlier this year. Most recently, in February 2024, Sven Wehrwein, a Director at SPSC sold 5,408.00 shares for a total of $1,055,859.56.

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SPS Commerce (SPSC) Company Description:

SPS Commerce, Inc. provides cloud-based supply chain management services. The firm serves retailers, suppliers, grocers, distributors and logistics firms to orchestrate the management of item data, order fulfillment, inventory control and sales analytics across all channels. Its SPS Commerce cloud services platform offers Trading Partner Community, Fulfillment, Assortment, Analytics, Sourcing, and Other Trading Partner Solutions. The company was founded by Gary W. Anderson and Roger Anderson on January 28, 1987 and is headquartered in Minneapolis, MN.