SPS Commerce

SPSC

Market cap $2.13B

Granahan Investment Management sold 368,776 shares of SPS Commerce, an estimated $34.19 million trade based on quarterly average pricing. Meanwhile, the quarter-end position value decreased by $38.82 million, reflecting both share sales and price changes.

I'm upgrading SPS Commerce to a Buy at around $64, since I'm anticipating a stronger H2 2026 despite recent revenue headwinds. SPSC maintains a disciplined cost structure, robust free cash flow, and shareholder-friendly capital allocation, including a recently expanded $300 million buyback authorization. AI-driven MAX platform rollout and retail enablement programs are expected to drive customer adds and client value-add in late 2026.

SPS Commerce, Inc. (SPSC) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript

MINNEAPOLIS, Feb. 25, 2026 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), the leading intelligent supply chain network, today announced that management will present at the Morgan Stanley Technology, Media & Telecom Conference on Wednesday, March 4, 2026, at 8:30 AM P.T.

Irenic Capital acquired 452,066 shares of SPS Commerce in the fourth quarter. The quarter-end position value for SPS Commerce was $40.29 million, reflecting a new position established in the quarter.

SPS Commerce, Inc. (SPSC) Q4 2025 Earnings Call Transcript

SPS Commerce (SPSC) came out with quarterly earnings of $1.14 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $0.89 per share a year ago.

MINNEAPOLIS, Feb. 12, 2026 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), the leading intelligent supply chain network, announced today that its Board of Directors appointed Michael McConnell and Fumbi Chima as independent directors, effective immediately. Mr. McConnell previously served as a member of the SPS Board from 2018-19, and is an experienced director currently serving at several publicly traded companies, including Beonic, OneSpan, PowerFleet and QuickFee.

MINNEAPOLIS--(BUSINESS WIRE)--SPS Commerce (NASDAQ: SPSC), the leading intelligent supply chain network, today announced MAX, delivering new and unparalleled agentic capabilities. MAX draws on 300,000 trading connections, decades of expertise, proprietary network intelligence, and billions of transactions to help customers unlock greater value from AI. This announcement builds on SPS Commerce's recent introduction of AI-driven Fulfillment capabilities, representing a meaningful step forward in.

Tran Capital Management (TCM) sold 147,591 shares of SPS Commerce, valued at $15.37 million at the quarterly average price. TCM's quarter-end position value decreased by $15.37 million, reflecting share sales and stock price movement.