Citites Sbic Iii L.p. River, 10% Owner at SPS COMMERCE INC (SPSC), sold 1,011,947 shares at $11.52 ($11.7M) on 2010-12-02, disclosed to the SEC on 2010-12-06.
Open-market sale of $11.7M 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.