SPSC - James B. Ramsey Makes Strategic Play: Invests $135K In SPS Commerce Stock Options | Benzinga
A notable acquisition unfolded on May 21, as Ramsey, Director at SPS Commerce (NASDAQ:SPSC), reported the acquisition of stock options for 1,136 shares in an SEC filing.
What Happened: Ramsey, Director at SPS Commerce, engaged in a derivative transaction according to a Form 4 filing on Tuesday with the U.S. Securities and Exchange Commission. This involved the acquisition of stock options for 1,136 shares of SPSC, providing the right to purchase the company's stock at an exercise price of $80.31 per share.
The Tuesday morning update indicates SPS Commerce shares down by 0.0%, currently priced at $199.42. At this value, Ramsey's 1,136 shares are worth $135,308.
Get to Know SPS Commerce Better
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.