BlackRock Amends SPS Commerce Stake to 21.6% as of Dec 31, 2023
Ticker: SPSC · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1092699
| Field | Detail |
|---|---|
| Company | Sps Commerce Inc (SPSC) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns a huge chunk of SPS Commerce, signaling long-term confidence.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 22, 2024, disclosing its ownership of SPS Commerce Inc. common stock as of December 31, 2023. This amendment (Amendment No. 3) indicates a change in BlackRock's beneficial ownership, which is now 8,020,405 shares, representing 21.6% of SPS Commerce Inc.'s outstanding common stock. This matters to investors because BlackRock, a major institutional investor, maintains a significant stake, signaling continued confidence in SPS Commerce Inc. and potentially influencing its stock stability.
Why It Matters
This filing shows that BlackRock, a massive investment firm, still holds a significant portion of SPS Commerce Inc. stock, which can be seen as a vote of confidence and might reduce price volatility.
Risk Assessment
Risk Level: low — The filing indicates a stable, significant institutional ownership, which generally reduces risk for a stock.
Analyst Insight
A smart investor would note BlackRock's continued substantial ownership as a positive signal, suggesting long-term stability and institutional confidence in SPS Commerce Inc., and might consider it a factor in their own investment thesis.
Key Numbers
- 8,020,405 — Shares Beneficially Owned (Represents BlackRock's total stake in SPS Commerce Inc.)
- 21.6% — Percentage of Class (Indicates BlackRock's significant influence and confidence in SPS Commerce Inc.)
- December 31, 2023 — Reporting Date (The snapshot date for BlackRock's ownership in SPS Commerce Inc.)
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and major institutional investor
- SPS Commerce Inc. (company) — the subject company whose securities are being reported
- 8,020,405 shares (dollar_amount) — the total number of shares beneficially owned by BlackRock, Inc.
- 21.6% (dollar_amount) — the percentage of SPS Commerce Inc.'s class of securities beneficially owned by BlackRock, Inc.
- December 31, 2023 (date) — the date of the event which required the filing of this statement
Forward-Looking Statements
- BlackRock will maintain a significant stake in SPS Commerce Inc. for the foreseeable future. (BlackRock, Inc.) — high confidence, target: December 31, 2024
FAQ
What is the purpose of this specific SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No. 3) by BlackRock, Inc. to update its beneficial ownership of Common Stock in SPS Commerce Inc. as of December 31, 2023, under Rule 13d-1(b) of the Securities Exchange Act of 1934.
How many shares of SPS Commerce Inc. does BlackRock, Inc. beneficially own according to this filing?
According to this SC 13G/A filing, BlackRock, Inc. beneficially owns 8,020,405 shares of Common Stock in SPS Commerce Inc. as of December 31, 2023.
What percentage of SPS Commerce Inc.'s common stock does BlackRock, Inc. own?
BlackRock, Inc. beneficially owns 21.6% of the Common Stock of SPS Commerce Inc., as reported in this filing dated January 22, 2024, for the period ending December 31, 2023.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the Common Stock of SPS Commerce Inc. reported in this filing is 78463M107.
When was the event date that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding SPS COMMERCE INC (SPSC).