SPS Commerce Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

BST:S86 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
22 Feb 24	Sell€3,983,941	Archie Black	Individual		23,578	€172.13
15 Feb 24	Sell€302,457	Sven Wehrwein	Individual		1,640	€184.43

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of S86?
Owner Type	Number of Shares	Ownership Percentage
State or Government	17,882	0.0475%
Individual Insiders	282,961	0.752%
Institutions	37,342,921	99.2%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.

Top Shareholders

Top 25 shareholders own 70.96% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
15.5%	BlackRock, Inc.	5,762,779	€1.1b	-0.57%	0.02%
11.7%	The Vanguard Group, Inc.	4,347,206	€807.6m	1.36%	0.01%
4.73%	Neuberger Berman Investment Advisers LLC	1,755,123	€326.1m	-2.45%	0.29%
3.79%	State Street Global Advisors, Inc.	1,407,679	€261.5m	2.28%	0.01%
3.31%	Conestoga Capital Advisors, LLC	1,227,411	€228.0m	2.42%	3.55%
2.95%	Stichting Pensioenfonds ABP	1,096,043	€203.6m	2.87%	0.23%
2.37%	Geode Capital Management, LLC	879,243	€163.3m	4.12%	0.01%
2.34%	Kayne Anderson Rudnick Investment Management, LLC	869,048	€161.4m	-3.09%	0.39%
2.27%	Congress Asset Management Company, LLP	843,310	€156.7m	1.49%	1.26%
2.08%	Riverbridge Partners, LLC	771,603	€143.3m	-7%	2.09%
1.98%	AllianceBernstein L.P.	733,297	€136.2m	-2.07%	0.05%
1.66%	Columbia Management Investment Advisers, LLC	617,415	€114.7m	2.37%	0.03%
1.63%	William Blair Investment Management, LLC	602,962	€112.0m	2.97%	0.16%
1.55%	Fred Alger Management, LLC	575,405	€106.9m	-7.83%	0.58%
1.45%	Macquarie Investment Management Business Trust	539,601	€100.2m	6.73%	0.12%
1.45%	FMR LLC	537,163	€99.8m	5.66%	0.01%
1.31%	Dimensional Fund Advisors LP	484,803	€90.1m	-1.62%	0.02%
1.26%	Northern Trust Global Investments	467,706	€86.9m	-2.1%	0.02%
1.22%	Nationwide Fund Advisors	453,105	€84.2m	0%	0.81%
1.19%	Charles Schwab Investment Management, Inc.	441,512	€82.0m	0%	0.02%
1.1%	T. Rowe Price Group, Inc.	408,846	€76.0m	-9.35%	0.01%
1.08%	Eaton Vance Management	399,668	€74.2m	0%	0.02%
1.07%	American Century Investment Management Inc	397,225	€73.8m	1.8%	0.04%
1.04%	Norges Bank Investment Management	386,796	€71.9m	0%	0.01%
0.85%	Wellington Management Group LLP	316,671	€58.8m	-7.37%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/08/03 04:22
End of Day Share Price	2024/05/06 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

SPS Commerce, Inc. is covered by 22 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Joseph Vruwink	Baird
Ishan Majumdar	Baptista Research
Jeffrey Houston	Barrington Research Associates, Inc.