SPS Commerce (SPSC)

SPS International, Inc. • SPS Commerce Australia Pty Ltd • SPS Commerce Canada, Ltd. • Intertrade Systems, Inc. • SPS Commerce Netherlands B.V. • SPS Europe Limited • SPS Ukraine LLC • SPS Commerce Philippines Inc. • D Masons Software, LLC • Genius Central Systems LLC ...

IRS number

411593154

SPSC stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$218.67

Low target

$198.00

High target

$233.00

Latest filings (excl ownership)

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8-K

SPS Commerce Reports Fourth Quarter and Fiscal Year 2024 Financial Results

10 Feb 25

8-K/A

SPS Commerce Completes Acquisition of Carbon6 Technologies

7 Feb 25

8-K

Registration Rights and Lock-up Agreement

24 Oct 24

SPS Commerce Reports Third Quarter 2024 Financial Results

24 Oct 24

S-3ASR

Automatic shelf registration

16 Aug 24

$87.00 mm in Common Stock, sold $87.00 mm, 16 investors

13 Aug 24

8-K

Entry into a Material Definitive Agreement

1 Aug 24

8-K/A

SPS Commerce Reports Second Quarter 2024 Financial Results

25 Jul 24

Transcripts

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SPSC

Earnings call transcript

2024 Q4

10 Feb 25

SPSC

Earnings call transcript

2024 Q3

24 Oct 24

SPSC

Earnings call transcript

2024 Q2

25 Jul 24

SPSC

Earnings call transcript

2024 Q1

25 Apr 24

SPSC

Earnings call transcript

2023 Q4

8 Feb 24

SPSC

Earnings call transcript

2023 Q3

26 Oct 23

SPSC

Earnings call transcript

2023 Q2

27 Jul 23

SPSC

Earnings call transcript

2023 Q2

27 Jul 23

SPSC

Earnings call transcript

2023 Q1

26 Apr 23

SPSC

Earnings call transcript

2022 Q4

9 Feb 23

Latest ownership filings

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Kimberly K. Nelson

7 Feb 25

144

Notice of proposed sale of securities

Notice of proposed sale of securities

31 Jan 25

144

Notice of proposed sale of securities

31 Jan 25

144

Notice of proposed sale of securities

30 Jan 25

144

Notice of proposed sale of securities

30 Jan 25

144

Notice of proposed sale of securities

30 Jan 25

Financial summary

Financial statements Chart SPSC financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	198.84 mm	198.84 mm	198.84 mm	198.84 mm	198.84 mm	198.84 mm
Cash burn (monthly)	13.80 mm	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	64.45 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	134.39 mm	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	9.7	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

SPSC institutional ownership history Ownership history

96.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	451	439	+2.7%
Opened positions	49	66	-25.8%
Closed positions	37	36	+2.8%
Increased positions	173	182	-4.9%
Reduced positions	170	139	+22.3%

13F shares	Current	Prev Q	Change
Total value	6.68 tn	6.57 tn	+1.7%
Total shares	36.13 mm	36.41 mm	-0.8%
Total puts	5.40 k	4.00 k	+35.0%
Total calls	8.00 k	3.10 k	+158.1%
Total put/call ratio	0.7	1.3	-47.7%

Largest owners	Shares	Value	Change
BlackRock	5.84 mm	$1.13 tn	NEW
Vanguard	4.56 mm	$886.03 bn	+3.6%
Neuberger Berman	1.64 mm	$317.54 bn	-1.5%
STT State Street	1.44 mm	$280.40 bn	+1.1%
Conestoga Capital Advisors	1.25 mm	$242.44 bn	+1.7%
Geode Capital Management	937.32 k	$182.29 bn	+1.5%
Congress Asset Management	841.24 k	$163.34 bn	+0.1%
MS Morgan Stanley	816.42 k	$158.52 bn	+31.0%
Kayne Anderson Rudnick Investment Management	711.61 k	$138.17 bn	-12.0%
Riverbridge Partners	701.98 k	$136.30 bn	-9.0%

Largest transactions	Shares	Bought/sold	Change
BlackRock	5.84 mm	+5.84 mm	NEW
BLK BlackRock	0.00	-5.82 mm	EXIT
Norges Bank	0.00	-423.44 k	EXIT
APG Asset Management	675.34 k	-409.00 k	-37.7%
BEN Franklin Resources	432.80 k	+210.28 k	+94.5%
MS Morgan Stanley	816.42 k	+193.33 k	+31.0%
Vanguard	4.56 mm	+158.36 k	+3.6%
William Blair Investment Management	0.00	-151.99 k	EXIT
FMR	677.15 k	+104.77 k	+18.3%
JPM JPMorgan Chase & Co.	254.44 k	+104.21 k	+69.4%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SPSC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
5 Feb 25	Nelson Kimberly K.	Common Stock	Sell	Dispose S	No	Yes	182.7358	200	36.55 k	147,002
5 Feb 25	Nelson Kimberly K.	Common Stock	Sell	Dispose S	No	Yes	181.8681	1,654	300.81 k	147,202
5 Feb 25	Nelson Kimberly K.	Common Stock	Sell	Dispose S	No	Yes	181.0721	5,424	982.14 k	148,856
5 Feb 25	Nelson Kimberly K.	Common Stock	Sell	Dispose S	No	Yes	180.3309	2,012	362.83 k	154,280
31 Jan 25	Jamie Thingelstad	Common Stock	Sell	Dispose S	No	Yes	184.7776	68	12.56 k	27,693
31 Jan 25	Dan Juckniess	Common Stock	Sell	Dispose S	No	Yes	186.34	200	37.27 k	20,175
31 Jan 25	Dan Juckniess	Common Stock	Sell	Dispose S	No	Yes	185.038	1,171	216.68 k	20,375
31 Jan 25	Dan Juckniess	Common Stock	Sell	Dispose S	No	Yes	184.3162	1,024	188.74 k	21,546
30 Jan 25	Jamie Thingelstad	Common Stock	Sell	Dispose S	No	Yes	188.55	100	18.86 k	27,761
30 Jan 25	Jamie Thingelstad	Common Stock	Sell	Dispose S	No	Yes	187.5756	700	131.30 k	27,861