SPS Commerce Inc. (SPSC) reported first-quarter 2026 revenue of $192.1 million, an increase of 5.8% year over year, and gross profit of $132.9 million, up 6.6% versus the prior year. Operating profit declined to $24.6 million (down 5.4%), while net income attributable to common shareholders fell to $19.7 million (down 11.1%). Diluted earnings per share came in at $0.53, an 8.6% decrease year over year.
Cash flow and balance-sheet items showed strength, supporting liquidity and operating capacity:
Market reaction: the stock moved by 4.88% since market close.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
SPS Commerce Inc. Insider Trading Activity
SPS Commerce Inc. insiders have traded $SPSC stock on the open market 13 times in the past 6 months. Of those trades, 0 have been purchases and 13 have been sales.
Here’s a breakdown of recent trading of $SPSC stock by insiders over the last 6 months:
- CHADWICK COLLINS (Chief Executive Officer) has made 0 purchases and 3 sales selling 13,384 shares for an estimated $785,128.
- KIMBERLY K. NELSON (EVP & CFO) has made 0 purchases and 3 sales selling 6,300 shares for an estimated $369,527.
- MARTY M REAUME has made 0 purchases and 5 sales selling 4,732 shares for an estimated $360,344.
- JAMIE THINGELSTAD (EVP, Chief Technology Officer) has made 0 purchases and 2 sales selling 2,418 shares for an estimated $132,851.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.
SPS Commerce Inc. Hedge Fund Activity
We have seen 165 institutional investors add shares of SPS Commerce Inc. stock to their portfolio, and 248 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS GROUP AG added 836,407 shares (+182.3%) to their portfolio in Q4 2025, for an estimated $74,548,955
- CONESTOGA CAPITAL ADVISORS, LLC removed 634,534 shares (-98.7%) from their portfolio in Q1 2026, for an estimated $35,324,507
- MACQUARIE GROUP LTD removed 600,975 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $53,564,901
- BANK OF AMERICA CORP /DE/ added 567,720 shares (+142.1%) to their portfolio in Q4 2025, for an estimated $50,600,883
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC removed 555,644 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $49,524,549
- IRENIC CAPITAL MANAGEMENT LP added 452,066 shares (+inf%) to their portfolio in Q4 2025, for an estimated $40,292,642
- GRANAHAN INVESTMENT MANAGEMENT, LLC removed 368,776 shares (-92.9%) from their portfolio in Q4 2025, for an estimated $32,869,004
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.
SPS Commerce Inc. Price Targets
Multiple analysts have issued price targets for $SPSC recently. We have seen 5 analysts offer price targets for $SPSC in the last 6 months, with a median target of $65.0.
Here are some recent targets:
- Lachlan Brown from Rothschild & Co set a target price of $60.0 on 04/16/2026
- Clark Wright from DA Davidson set a target price of $65.0 on 02/17/2026
- Parker Lane from Stifel set a target price of $65.0 on 02/13/2026
- George Kurosawa from Citigroup set a target price of $84.0 on 02/13/2026
- Chris Quintero from Morgan Stanley set a target price of $100.0 on 11/11/2025
