SPSC - Anne Sempowski Ward Expands Holdings With $135K SPS Commerce Stock Options Acquisition | Benzinga
A noteworthy insider acquisition was disclosed on May 21, as Ward, Director at SPS Commerce (NASDAQ:SPSC), reported the acquisition of stock options for 1,136 shares.
What Happened: Ward, Director at SPS Commerce, acquired stock options for 1,136 shares of SPSC. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The options allow Ward to buy the company's stock at $80.31 per share.
The Tuesday morning update indicates SPS Commerce shares down by 0.0%, currently priced at $199.42. At this value, Ward's 1,136 shares are worth $135,308.
Delving into SPS Commerce's Background
SPS Commerce Inc is a provider of cloud-based supply chain management services for retailers, grocers, distributors, suppliers, and logistics firms to increase supply chain performance, optimize inventory levels and sell-through, reduce operational costs, improve order visibility, and satisfy consumer demands for a seamless omnichannel experience. Its solutions are delivered through the SPS Commerce platform and provide integrations and retail performance analytics to its customers. Its products are; Fulfillment, Analytics, and Other products like Assortment and Community also it provides one-time services such as professional services and testing and certification. The group derives revenue from recurring monthly fees and set-up fees.
Financial Milestones: SPS Commerce's Journey
Revenue Growth: SPS Commerce ...