SPS Commerce, Inc.
SPS Commerce, Inc. (SPSC) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · SPSC · as of Mar 31, 2025
Ownership Breakdown
455
Institutional Holders
▼ 11 vs Q4
$5.00B
Total Inst. Value
▼ $1.96B vs Q4
36.71M
Shares Outstanding
freeFloat 98.79%
37.63M
13F Shares Held
▼ 247,221 vs Q4
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
SPSC largest shareholders · institutional ownership
Q1 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
BLACKROCK, INC. services-prepackaged software | 5.86M | 15.42% | 15.42% | $777.36B | May 2, 2025 | ▼ 108.7K |
VANGUARD GROUP INC services-prepackaged software | 4.60M | 12.11% | 12.11% | $610.69B | May 9, 2025 | ▼ 29.8K |
NEUBERGER BERMAN GROUP LLC services-prepackaged software | 1.58M | 4.17% | 4.17% | $210.06B | May 13, 2025 | ▼ 73.6K |
STATE STREET CORP services-prepackaged software | 1.47M | 3.88% | 3.88% | $195.47B | May 15, 2025 | ▼ 37.7K |
CONESTOGA CAPITAL ADVISORS, LLC services-prepackaged software | 1.26M | 3.32% | 3.32% | $167.26B | Apr 17, 2025 | ▲ 11.6K |
FMR LLC services-prepackaged software | 1.17M | 3.07% | 3.07% | $154.82B | May 12, 2025 | ▼ 253.4K |
GEODE CAPITAL MANAGEMENT, LLC services-prepackaged software | 963.8K | 2.54% | 2.54% | $127.96B | May 13, 2025 | ▲ 26.5K |
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC services-prepackaged software | 887.6K | 2.34% | 2.34% | $117.81B | May 14, 2025 | ▲ 225.8K |
MORGAN STANLEY services-prepackaged software | 830.5K | 2.19% | 2.19% | $110.23B | May 15, 2025 | ▼ 8.0K |
CONGRESS ASSET MANAGEMENT CO /MA services-prepackaged software | 696.8K | 1.83% | 1.83% | $92.49B | Apr 11, 2025 | ▼ 111.5K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q1 2025 vs prior quarter
Q1 2025
27
Increased
+1.30M shares4
New Positions
first time holders19
Decreased
−1.71M shares0
Sold Out
fully exitedNet shares change (top 50)
409.9K
+1.30M / −1.71M
Net new holders
+12
4 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
SPSC insider trading · insider activity
Source: SEC Form 4
Insiders have been primarily selling shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
9
Buy transactions
15
Sell transactions
0.60
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Gaurav Razat director | May 28, 2026 | Award | 3,736 | — | — | 5.0K | Form 4 ↗ |
McConnell Michael J director | May 28, 2026 | Award | 3,736 | — | — | 7.2K | Form 4 ↗ |
Partin Mark director | May 28, 2026 | Award | 3,736 | — | — | 6.2K | Form 4 ↗ |
Reaume Marty M director | May 28, 2026 | Award | 3,736 | — | — | 12.9K | Form 4 ↗ |
Reller Tami director | May 28, 2026 | Award | 3,736 | — | — | 54.9K | Form 4 ↗ |
SORAN PHILIP director | May 28, 2026 | Award | 3,736 | — | — | 25.9K | Form 4 ↗ |
Chima Fumbi F. director | May 28, 2026 | Award | 3,736 | — | — | 7.2K | Form 4 ↗ |
Ward Anne Sempowski director | May 28, 2026 | Award | 3,736 | — | — | 7.9K | Form 4 ↗ |
Del Preto Joseph EXECUTIVE VP AND CFO | May 7, 2026 | Award | 33,240 | — | — | 141.7K | Form 4 ↗ |
Del Preto Joseph EXECUTIVE VP AND CFO | May 7, 2026 | Award | 108,467 | — | — | 108.5K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
SPS Commerce, Inc. (SPSC) is primarily owned by institutional investors, who hold approximately 100.0% of total shares outstanding. Company insiders own approximately 1.21%, while retail and public investors account for the remaining 0.00%.
The largest institutional shareholder of SPS Commerce, Inc. is BLACKROCK, INC., holding approximately 5.86 million shares — equal to 15.42% of outstanding shares — as of March 31, 2025.
A total of 455 institutional investors currently hold SPSC stock, with a combined institutional value of approximately $5.00 billion as of the most recent 13F filing period.
Frequently asked questions
SPSC ownershipSPS Commerce, Inc. (SPSC) is primarily owned by institutional investors, who hold approximately 100.0% of shares. The largest shareholder is BLACKROCK, INC. with a 15.42% stake. Company insiders hold 1.21%. Data sourced from SEC Form 13F as of March 31, 2025.