Marty Reaume Sells 1,000 Shares of SPS Commerce (NASDAQ:SPSC) Stock

SPS Commerce, Inc. (NASDAQ:SPSC) Director Marty Reaume sold 1,000 shares of SPS Commerce stock in a transaction on 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 sale, the director directly owned 9,158 shares in the company, valued at $731,907.36. This represents a 9.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

SPS Commerce Stock Performance

NASDAQ:SPSC opened at $64.75 on Friday. The stock has a market capitalization of $2.44 billion, a PE ratio of 29.04 and a beta of 0.56. SPS Commerce, Inc. has a fifty-two week low of $64.18 and a fifty-two week high of $154.76. The company has a fifty day moving average of $87.78 and a two-hundred day moving average of $97.50.

SPS Commerce (NASDAQ:SPSC) last released its 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 net margin of 11.65% and a return on equity of 12.17%. The business had revenue of $192.65 million during the quarter, compared to analysts’ expectations of $193.60 million. During the same quarter in the previous year, the company earned $0.89 earnings per share. The company’s quarterly 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. Research analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

SPS Commerce News Summary

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

• Positive Sentiment: Q4 EPS beat consensus — SPS reported $1.14 EPS vs $1.00 expected and $0.89 a year ago; revenue was up 12.7% year‑over‑year. The EPS beat supports profitability and helped offset other negatives. SPS Commerce (SPSC) Q4 Earnings Beat Estimates
• Positive Sentiment: FY2026 EPS guidance raised above consensus — management issued FY EPS guidance of $4.420–$4.500 vs the ~$4.07 consensus, signaling stronger full‑year earnings power. That outperformance on EPS guidance supports medium‑term valuation. View Press Release
• Positive Sentiment: New product capabilities launched — SPS introduced “MAX,” new capabilities embedded in its agentic supply‑chain network, which could drive product adoption and upsell opportunities over time. SPS Commerce Introduces MAX, New Capabilities Embedded in SPS’ Agentic Supply Chain Network
• Neutral Sentiment: Board refresh — SPS appointed two independent directors (Michael McConnell and Fumbi Chima), improving governance depth but with limited immediate revenue/earnings impact. SPS Commerce Appoints New Independent Directors to the Board
• Neutral Sentiment: Q1 EPS guide roughly in line — Q1 EPS guidance of $0.950–$0.990 is centered near the $0.97 consensus, so near‑term profitability expectations are mostly unchanged. View Press Release
• Negative Sentiment: Revenue misses and conservative near‑term revenue guide — Q4 revenue was $192.65M vs $193.6M expected, and Q1 revenue guidance ($191.6M–$193.6M) sits below the ~$197M consensus. The near‑term revenue softness appears to be the main catalyst for the selloff despite the EPS beat. SPS Commerce earnings & transcript
• Negative Sentiment: Insider sale disclosed — Director Marty Reaume sold 1,000 shares at about $79.92; small in absolute dollars but often read negatively by market participants. SPS Commerce Director Marty Reaume Sells 1,000 Shares

Analyst Ratings Changes

SPSC has been the subject of several recent research reports. DA Davidson reduced their price objective on SPS Commerce from $125.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 target price (down from $160.00) on shares of SPS Commerce in a research report on Friday, October 31st. Northland Securities set a $109.00 price target on shares of SPS Commerce in a research note on Friday, October 31st. Wall Street Zen lowered shares of SPS Commerce from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of SPS Commerce in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, SPS Commerce has an average rating of “Hold” and a consensus target price of $99.22.

Institutional Investors Weigh In On SPS Commerce

Several hedge funds and other institutional investors have recently bought and sold shares of SPSC. Advisors Asset Management Inc. boosted its holdings in SPS Commerce by 45.7% in the 4th quarter. Advisors Asset Management Inc. now owns 1,145 shares of the software maker’s stock valued at $102,000 after purchasing an additional 359 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of SPS Commerce during the 4th quarter valued at approximately $295,000. Cibc World Markets Corp acquired a new position in SPS Commerce in the fourth quarter valued at approximately $225,000. Federated Hermes Inc. lifted its holdings in SPS Commerce by 38,429.2% in the fourth quarter. Federated Hermes Inc. now owns 245,046 shares of the software maker’s stock valued at $21,841,000 after acquiring an additional 244,410 shares during the last quarter. Finally, QSV Equity Investors LLC purchased a new position in SPS Commerce in the fourth quarter worth approximately $918,000. 98.96% of the stock is currently owned by institutional investors and hedge funds.

About SPS Commerce

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.