SPSC - Strategic Move: Marty M Reaume Acquires SPS Commerce Stock Options Worth $135K | Benzinga
A substantial insider move unfolded on May 21, as Reaume, Board Member 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, Reaume, Board Member at SPS Commerce, acquired stock options for 1,136 shares of SPSC. These options provide Reaume with the right to purchase the company's stock at $80.31 per share.
During Tuesday's morning session, SPS Commerce shares down by 0.0%, currently priced at $199.42. Considering the current price, Reaume's 1,136 shares have a total value of $135,308.
About SPS Commerce
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's Economic Impact: An Analysis
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