undamentalytics Newsletter

SPS Commerce Inc insider trading

Every open-market purchase and sale by SPS Commerce Inc's officers, directors and largest shareholders since November 4, 2021, and what the share price did next.

No insider has bought shares on the open market in five years.

Insider purchase Insider sale Marker size reflects trade value. Weekly closes adjusted for splits; may be delayed.
SPS Commerce Inc insider open-market trades
DateInsiderTrade SharesPriceValue 1M after 3M after 6M after

From insiders' Form 4 filings with the SEC: open-market purchases and sales only (awards, option exercises and shares withheld for tax are excluded), combined to one line per insider per day. "Plan" marks trades the filing says were made under a pre-set Rule 10b5-1 trading plan, which are scheduled in advance. Price changes run from the close on the trade date; hover a figure for the change relative to the S&P 500. Past moves don't predict future ones.

Does following SPS Commerce Inc’s insiders pay?

From April 29, 2010 to December 20, 2024, 20 insiders reported 1 open-market purchase and 153 sales not made under a pre-set plan in SPS Commerce Inc. Twelve months after each purchase was reported, the shares were −10.0% against the S&P 500 on average (median −10.0%), over 1 purchase with a full year of prices; 0% beat the index. After sales, the shares moved +14.9% against the index over 12 months (a negative figure means selling was the right call). That rests on fewer than 20 purchases, too few to read much into.

SPS Commerce Inc: each insider's record
InsiderRolePurchases12 months after their purchasesBeat the S&P 500Sales12 months after their salesLatest report
Black Archie C. CEO 0 — — 32 +5.2% (32) February 19, 2019
Frome James J. EVP & Chief Operating Officer 0 — — 28 +29.3% (28) February 16, 2018
Wehrwein Sven Director 0 — — 28 +2.8% (28) August 13, 2024
Nelson Kimberly K. EVP & CFO 0 — — 14 +16.6% (14) February 26, 2021
Novak David J. JR. EVP of Business Develpmt 0 — — 7 +42.1% (7) July 3, 2012
Spencer George H. III Director 0 — — 7 +20.9% (7) June 12, 2013
Smerklo Michael A Director 0 — — 6 +1.2% (6) May 4, 2018
Gorman Michael B Director 0 — — 5 +38.1% (5) May 18, 2012
Soran Philip Director 1 −10.0% (1) 0% 4 −2.5% (4) August 9, 2022
Gray Michael J. EVP of Operations 0 — — 4 +41.3% (4) July 3, 2012
Leestma Martin J Director 0 — — 4 −0.2% (4) November 5, 2020
Cobb Steve A. Director 0 — — 3 +47.0% (3) June 1, 2011
Ramsey James Burr Director 0 — — 3 −1.3% (3) May 24, 2024
Juckniess Dan EVP, Chief Sales Officer 0 — — 2 −67.4% (2) December 20, 2024
Cid Mezzanine Capital L P 10% owner 0 — — 1 +4.4% (1) April 29, 2010
Cid Mezzanine Partners, L.P. 10% owner 0 — — 1 +71.8% (1) December 6, 2010
Rccf Management, Inc. 10% owner 0 — — 1 +4.4% (1) April 29, 2010
Reaume Marty M Director 0 — — 1 +24.5% (1) August 9, 2022
River Citites Sbic III, L.P. 10% owner 0 — — 1 +71.8% (1) December 6, 2010
Wilson Murray R. Director 0 — — 1 +4.4% (1) April 29, 2010

Moves are the shares’ return including dividends minus the S&P 500’s, from the close on the first trading day after each report; the number of trades with a finished 12-month window is in brackets. Green means the trade went the insider’s way (a purchase ahead of the index, a sale followed by the shares trailing it). A trade reported both by a director or officer and by a fund or company they are linked to counts once here, under the person. Purchases count only where the share price actually traded was at least $5. These figures describe what the shares did, not why anyone traded. Insiders across all companies.

When several insiders traded SPS Commerce Inc

Months when 2 or more insiders became net buyers, or 3 or more net sellers, of SPS Commerce Inc in reports dated in the 91 days before the month end, and how the stock did against the S&P 500 from that month end. After 10 selling crowds, +15.1%. One company's history is too short to judge by; the test across every company is the better guide.

MonthCrowd3 months on, vs S&P 5006 months12 months
August 31, 20223 selling+12.9%+19.4%+32.2%
March 31, 20213 selling−7.8%+54.5%+17.3%
March 29, 20193 selling−7.9%−18.8%−7.6%
August 31, 20164 selling+4.2%−28.9%−22.8%
February 27, 20154 selling−6.0%+3.7%−28.7%
February 28, 20134 selling+35.8%+56.7%+56.0%
November 30, 20116 selling−6.0%+10.2%+40.1%
June 30, 20115 selling+7.3%+53.8%+65.4%
December 31, 20103 selling−12.2%+5.1%+62.3%
April 30, 201011 selling−14.4%−4.4%+4.4%

Colours show whether the crowd was right: green when buyers were followed by a rise above the index, or sellers by a fall below it. Total returns from the month end; past patterns are not a forecast.

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