SPSC - Big News: Philip Soran Adds $132K In SPS Commerce Stock Options Io Portfolio | Benzinga
A notable acquisition unfolded on May 21, as Soran, Director at SPS Commerce (NASDAQ:SPSC), reported the acquisition of stock options for 1,136 shares in an SEC filing.
What Happened: In a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday, Soran, Director at SPS Commerce, acquired stock options for 1,136 shares of SPSC. These options provide Soran with the right to purchase the company's stock at $80.31 per share.
As of Tuesday morning, SPS Commerce shares are down by 1.14%, with a current price of $197.15. This implies that Soran's 1,136 shares have a value of $132,730.
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.
SPS Commerce: Delving into Financials
Revenue ...