Lp Bvcf IV, 10% Owner at SPS COMMERCE INC (SPSC), sold 1,204,327 shares at $16.00 ($19.3M) on 2011-06-09, disclosed to the SEC on 2011-06-10.
Open-market sale of $19.3M SPSC by 10% Owner. Not flagged as scheduled, tax-driven, or recurring — but no specific bearish signal from our filters. Reasons for insider sales vary widely.
Negative factors outweigh the positive ones.