SPS Commerce Company Insiders

SPSC Stock

USD 58.41 0.46 0.79%

SPS Commerce's insiders are aggressively selling. The analysis of insider sentiment suggests that all SPS Commerce insiders are, at present, panicking. SPS Commerce employs about 2.9 K people.

Archie Black CEO

CEO and President and Director

Insider Sentiment

Mostly Selling

Selling

Buying

Latest Trades

2026-02-24	Jamie Thingelstad	Disposed 2418 @ 54.94	View
2026-02-20	Kimberly K Nelson	Disposed 6300 @ 58.66	View
2026-02-09	Marty M Reaume	Disposed 1000 @ 79.92	View
2026-01-07	Marty M Reaume	Disposed 1732 @ 92.26	View

Monitoring insider sentiment in SPS Commerce can give investors another window into how people closest to the business may be assessing current prospects. The stronger workflow is to compare insider behavior with earnings, guidance, and business changes instead of reading the transactions in isolation.

Build portfolio with SPS Stock

SPS Commerce's Workforce Through the Years

A workforce review of SPS Commerce matters because hiring and staffing trends often say something about growth plans, cost discipline, and management expectations. Based on the current model, SPS is expected to maintain about 2,950 employees by April 2026.

Macro event markers

Credit Downgrade

Yuan Drop

Covid

Interest Hikes

Management Team Effectiveness

The company has return on total asset (ROA) of 6.72 % which means that on every $100 spent on assets, it made $6.72 of profit. This is representative of the industry norm. Similarly, it shows a return on stockholder's equity (ROE) of 10.21 %, which means that for every $100 of equity, $10.21 was returned as profit.

As of the week of March 23, Net Income Applicable To Common Shares is projected to grow to approximately 66.6 M, even as demand moderates, Common Stock Shares Outstanding is positioned to soften to about 33.5 M.

Stock Institutional Investors

Institutions hold about 98.80% of shares while insiders own roughly 1.20%. Annual revenue is about 751.5 Million. How the institutional base reacts to earnings changes can move SPS Commerce in the short term. Shares outstanding are near 37.4 M. Whether the institutional base is growing or shrinking quarter over quarter matters more than the current snapshot.

		Shares
Van Berkom And Associates Inc	2025-12-31	616.9 K
Norges Bank	2025-12-31	559.7 K
Bnp Paribas Investment Partners Sa	2025-09-30	555.3 K
Northern Trust Corp	2025-09-30	505.1 K
Charles Schwab Investment Management Inc	2025-12-31	488.8 K
Riverbridge Partners Llc	2025-12-31	480.8 K
Ubs Group Ag	2025-09-30	458.9 K
D. E. Shaw & Co Lp	2025-12-31	452.5 K
Irenic Capital Management Lp	2025-12-31	452.1 K
Blackrock Inc	2025-09-30	5.6 M
Vanguard Group Inc	2025-12-31	4.9 M

At 2.2 Billion, SPS Commerce sits in smaller-cap territory where institutional context matters most alongside valuation and volatility readings. Whether SPS Commerce institutional base is index-driven or conviction-based changes how to read it - at this size active managers often hold meaningful weight.

Insider Trading Activities

Tracking SPS Commerce's insider filings adds context. Executives often respond to business conditions well before market sentiment shifts. The pattern is most useful when compared with earnings releases and guidance changes rather than treated alone.

		Jamie Thingelstad few days ago Acquisition by Jamie Thingelstad of 11627 shares of SPS Commerce subject to Rule 16 b-3
		Reaume Marty M six days ago Acquisition by Reaume Marty M of 1000 shares of SPS Commerce at 51.8 subject to Rule 16 b-3
		Reaume Marty M over a week ago Disposition of 1000 shares by Reaume Marty M of SPS Commerce at 51.8 subject to Rule 16 b-3
		Jamie Thingelstad over a month ago Acquisition by Jamie Thingelstad of 23295 shares of SPS Commerce subject to Rule 16 b-3
		Reaume Marty M over a month ago Disposition of 1000 shares by Reaume Marty M of SPS Commerce at 51.8 subject to Rule 16 b-3
		Reaume Marty M over two months ago Disposition of 1732 shares by Reaume Marty M of SPS Commerce at 51.8 subject to Rule 16 b-3
		Partin Mark over three months ago Acquisition by Partin Mark of 2485 shares of SPS Commerce subject to Rule 16 b-3
		Kimberly Nelson over three months ago Disposition of 300 shares by Kimberly Nelson of SPS Commerce at 150.0524 subject to Rule 16 b-3
		Dan Juckniess over three months ago Disposition of 1873 shares by Dan Juckniess of SPS Commerce at 185.3498 subject to Rule 16 b-3
		Partin Mark over six months ago Insider Trading
		Chad Collins over six months ago Disposition of 1300 shares by Chad Collins of SPS Commerce at 148.9585 subject to Rule 16 b-3
		Dan Juckniess over six months ago Disposition of 400 shares by Dan Juckniess of SPS Commerce at 148.2643 subject to Rule 16 b-3

Outstanding Bonds

Reviewing SPS Commerce bond obligations provides context for understanding how much of the business is financed with fixed-income capital rather than purely with equity. Maturity profile, refinancing windows, and coupon burden can all affect how resilient the capital structure looks in a weaker market.

	US7846ELAD98 Corp Bond US7846ELAD98	View
	SSC Technologies 55 Corp Bond US78466CAC01	View
	US7846ELAE71 Corp Bond US7846ELAE71	View

View All SPS Commerce Corporate Bonds

Corporate Filings

F4	17th of March 2026 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities	View Verify
F4	11th of March 2026 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities	View Verify
F4	24th of February 2026 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities	View Verify
F3	23rd of February 2026 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock	View Verify
10K	19th of February 2026 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance	View Verify
8K	12th of February 2026 Report filed with the SEC to announce major events that shareholders should know about	View Verify
F4	11th of February 2026 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities	View Verify
F4	9th of January 2026 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities	View Verify

The majority of SPS Commerce's outstanding shares are owned by institutional investors. Institutional investors such as pension funds, mutual funds, and asset managers typically hold large positions as part of their investment mandates, managing money on behalf of clients or beneficiaries. As a result, they are subject to reporting requirements and oversight rules - such as 13F filings and position disclosure thresholds - that do not apply to individual retail investors. Institutional investors hold approximately 99% of SPS Commerce's outstanding shares, with insiders holding 1% and 0% in the public float.

Shares in Circulation

First Issued

2008-12-31

Previous Quarter

38 M

Current Value

37.8 M

Average Shares Outstanding

32.1 M

Quarterly Volatility

7.7 M

Macro event markers

Credit Downgrade

Yuan Drop

Covid

Interest Hikes

Holders Distribution

Institutional investors in SPS Commerce typically operate with more research capacity, technology, and trading scale than retail holders, which is why their activity can materially affect price behavior. This matters because getting in early on a sponsorship cycle may help, but getting caught near a large-holder exit can have the opposite effect.

Market Cap and Value

Market Cap Enterprise Value

Workforce Comparison

SPS Commerce holds the #5 position for number of employees relative to top peers. The total workforce of Information Technology industry is at this time estimated at about 44,650. SPS Commerce holds roughly 2,948 in number of employees claiming about 7% of equities under Information Technology sector.

Workforce Valuation Capitalization Total debt Revenue

Compare SPS Commerce to Competition

Profit Margins

The company has Profit Margin (PM) of 12.0 %, which may reflect a scalable business model with improving unit economics. This is above the expected range for the sector. Similarly, it shows Operating Margin (OM) of 18.0 %, which means that operating costs leave $18.0 on every $100 of revenue.

Current Value

Last Year

Change From Last Year

10 Year Trend

Gross Profit Margin

0.76

0.6423

Fairly Up

Slightly volatile

Insider Trading History

The insider timeline for SPS Commerce shows how management behavior has tracked against the stock's price over time. Shares outstanding are near 37.4 M. Since insider trades are publicly filed, the record helps verify whether management actions match their words.

	Buy/Sell Ratio	# Purchases Trades	# Sales Trades	Total Shares Purchased	Total Shares Sold
2026-03-01	0.6	9	15	204,885	29,566
2025-12-01	1.0	4	4	96,860	24,188
2025-03-01	0.1728	14	81	10,710,975	80,220
2024-12-01	0.1667	2	12	6,131	22,759
2024-09-01	0.3684	7	19	18,001	26,824
2024-06-01	1.2727	14	11	22,225	48,835
2024-03-01	0.1096	8	73	150,548	159,871
2023-12-01	0.3091	17	55	136,047	192,424
2023-09-01	1.0	3	3	354.00	4,033
2023-06-01	1.3077	17	13	29,541	31,804
2023-03-01	0.1443	14	97	241,667	243,977
2022-12-01	0.4348	10	23	74,246	145,843
2022-09-01	0.25	5	20	18,617	54,581
2022-03-01	0.1481	8	54	105,254	110,486
2021-12-01	0.375	9	24	61,020	122,040
2021-09-01	0.4	6	15	73,416	146,832
2021-03-01	0.28	14	50	209,994	280,105
2020-12-01	0.4167	10	24	106,272	218,544
2020-09-01	0.4118	7	17	142,058	284,116
2020-06-01	0.7143	40	56	267,818	525,171
2020-03-01	0.4706	16	34	200,717	362,815
2019-12-01	0.4	2	5	18,580	38,506
2019-09-01	0.2857	4	14	36,059	97,118
2019-06-01	0.8571	24	28	64,321	81,984
2019-03-01	0.4063	13	32	96,457	64,761
2018-12-01	0.2857	2	7	33,929	76,174
2018-09-01	0.3889	7	18	85,324	152,684
2018-06-01	4.125	33	8	127,467	36,018
2018-03-01	4.0	8	2	137,648	8,357
2017-06-01	6.0	12	2	23,610	1,520
2017-03-01	0.5556	15	27	195,835	167,048
2016-12-01	0.5	3	6	18,640	37,280
2016-09-01	0.4231	11	26	36,050	67,709
2016-06-01	2.5556	23	9	82,823	60,000
2016-03-01	0.6667	12	18	223,262	68,423
2015-12-01	0.5263	10	19	50,316	89,458
2015-09-01	0.4167	5	12	32,799	66,099
2015-06-01	4.0	12	3	37,333	4,374
2015-03-01	0.5161	16	31	161,644	164,670
2014-09-01	0.3077	4	13	20,000	40,324
2014-06-01	2.3333	21	9	62,418	42,000
2014-03-01	0.6875	11	16	104,745	82,310
2013-12-01	0.2857	10	35	52,635	94,903
2013-09-01	0.4286	3	7	26,670	56,010
2013-06-01	0.8387	26	31	99,642	157,872
2013-03-01	0.6957	32	46	205,073	204,298
2012-12-01	0.25	3	12	13,000	42,764
2012-09-01	0.7143	10	14	104,687	199,898
2012-06-01	0.975	39	40	207,660	959,862
2012-03-01	0.7234	34	47	228,123	908,900
2011-12-01	0.4595	17	37	150,081	787,091
2011-09-01	0.5556	5	9	18,375	35,276
2011-06-01	1.25	15	12	123,190	2,506,354
2011-03-01	3.0	6	2	274,578	273,880
2010-06-01	0.6308	41	65	14,368,857	12,780,789

Notable Stakeholders

A SPS Commerce stakeholder is any individual or group with an interest in the outcome of the business, which is why stakeholder analysis can reveal who may influence strategy and oversight. SPS Commerce's stakeholders can support or challenge the entity's direction, which is why tracking them can add context around price-sensitive developments.

Chad Collins	CEO Director	Profile
Chadwick Collins	CEO Director	Profile
Archie Black	CEO and President and Director	Profile
Kimberly Nelson	CFO, Principal Accounting Officer and Executive VP	Profile
Joseph II	Executive CFO	Profile
James Frome	COO and Executive VP	Profile
Jamie Thingelstad	Executive CTO	Profile
Erica Koenig	Senior Officer	Profile
Karin MBA	VP Officer	Profile
Michael Svatek	Senior Officer	Profile
Dan Juckniess	Senior Officer	Profile
Daniel Juckniess	Executive Officer	Profile
Mark OLeary	Senior Officer	Profile
Eduardo Rosini	Executive Officer	Profile
Maria Pergolino	Senior Officer	Profile
Lynn Myhran	Chief Officer	Profile

Management Information & Data Sources

SPS Commerce is a mid-cap company in Application Software, Software - Application, Information Technology. Executive review focuses on insiders, senior management, and employee signals. Organizational trends can support analysis of efficiency, oversight, and decision-making consistency. CEO is Chad Collins with 2,948 employees and 16 reported executives.

The analytics block for SPS Commerce relies on periodic company reporting and market reference feeds, with quality checks and normalization applied before rendering. Timing can vary by data vendor. Insider and management fields are mapped from published filings and company disclosures.

This content is curated and reviewed by:

Rifka Kats - Member of Macroaxis Editorial Board

Last reviewed on March 7th, 2026

Workforce Efficiency and Productivity

Workforce metrics tied to SPS Commerce offer a useful way to test whether headcount and economic output are moving in a productive direction. The business is commonly classified in the Technology sector and the Software—Infrastructure industry.

SPS Commerce Manpower Efficiency

Return on SPS Commerce Manpower

	Revenue Per Employee	254.9K
	Revenue Per Executive	47M
	Net Income Per Employee	31.7K
	Net Income Per Executive	5.8M
	Working Capital Per Employee	61.4K
	Working Capital Per Executive	11.3M

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