Lp Bvcf IV, 10% Owner at SPS COMMERCE INC (SPSC), sold 136,940 shares at $15.50 ($2.1M) on 2011-02-28, disclosed to the SEC on 2011-03-01.
Open-market sale of $2.1M 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.