Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. SPS Commerce Inc shares valued at $7,946,019 were purchased by FROME LIVING TRUST on Jan 03 ’25. At $182.81 per share, FROME LIVING TRUST acquired 43,466 shares.
Also, Juckniess Dan sold 5,831 shares, netting a total of over 1,168,023 in proceeds. Following the sale of shares at $200.31 each, the insider now holds 23,833 shares.
Before that, Juckniess Dan had sold 300 shares from its account. In a trade valued at $60,038, the EVP, Chief Sales Officer traded SPS Commerce Inc shares for $200.13 each. Upon closing the transaction, the insider’s holdings decreased to 300 shares, worth approximately $4.35 million.
As published in their initiating research note from Piper Sandler on November 25, 2024, SPS Commerce Inc [SPSC] has been a Neutral and the price target has been revised to $198. Analysts at Northland Capital downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late July. As of May 14, 2024, Redburn Atlantic has initiated its “Buy” rating for SPSC. Earlier on March 13, 2024, Citigroup initiated its rating. Their recommendation was “a Buy” for SPSC stock.
Analyzing SPSC Stock Performance
During the last five days, there has been a drop of approximately -0.37%. Over the course of the year, SPS Commerce Inc shares have dropped approximately -0.37%. Shares of the company reached a 52-week high of $188.69 on 01/02/25 and a 52-week low of $181.02 on 01/08/25. A 50-day SMA is recorded $185.68, while a 200-day SMA reached $188.74. Nevertheless, trading volume fell to 0.14 million shares from 0.17 million shares the previous day.
Support And Resistance Levels for SPS Commerce Inc (SPSC)
According to the 24-hour chart, there is a support level at 181.48, which, if violated, would cause prices to drop to 179.64. In the upper region, resistance lies at 184.69. The next price resistance is at 186.07. RSI (Relative Strength Index) is 42.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.92, which suggests the price will decrease in the coming days. Percent R is at 87.25%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
