Insight Holdings Group LLC Purchases Shares of 28,530 Shopify Inc. $SHOP

Insight Holdings Group LLC purchased a new stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) in the 4th quarter, HoldingsChannel reports. The fund purchased 28,530 shares of the software maker’s stock, valued at approximately $4,592,000. Shopify accounts for approximately 0.3% of Insight Holdings Group LLC’s portfolio, making the stock its 22nd biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHOP. Kingdom Financial Group LLC. bought a new stake in Shopify in the fourth quarter valued at $26,000. Curio Wealth LLC bought a new stake in shares of Shopify during the fourth quarter worth about $27,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Shopify during the fourth quarter worth about $29,000. Lodestone Wealth Management LLC bought a new stake in shares of Shopify during the fourth quarter worth about $31,000. Finally, Sound Income Strategies LLC increased its position in shares of Shopify by 82.4% during the fourth quarter. Sound Income Strategies LLC now owns 197 shares of the software maker’s stock worth $31,000 after acquiring an additional 89 shares in the last quarter. 69.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SHOP shares. Wells Fargo & Company decreased their target price on shares of Shopify from $166.00 to $144.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. National Bank Financial decreased their target price on shares of Shopify from $200.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Citigroup decreased their target price on shares of Shopify from $163.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Citizens Jmp decreased their target price on shares of Shopify from $160.00 to $150.00 and set a “market outperform” rating for the company in a research report on Wednesday, May 6th. Finally, Robert W. Baird set a $150.00 target price on shares of Shopify in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.17.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify shareholders approved all director nominees and reappointed PricewaterhouseCoopers as auditor at the 2026 annual meeting, while also backing executive compensation and rejecting a proposed AI policy, which supports management’s current AI strategy. Article title
• Positive Sentiment: Shopify’s $5 billion buyback authorization remains a bullish signal for investors because it gives the company flexibility to repurchase shares and support per-share value. Article title
• Positive Sentiment: Bloomreach launched a new Sidekick extension for its Loomi for Shopify app, adding instant search-ranking visibility for merchants and reinforcing Shopify’s expanding AI/app ecosystem. Article title
• Positive Sentiment: Loox launched Reviewers.com, a product-sampling platform built exclusively for Shopify brands, highlighting continued third-party product development around the Shopify merchant base. Article title
• Neutral Sentiment: Shopify announced the results of its 2026 annual meeting, but the filing itself does not indicate a major new catalyst for the stock beyond the governance outcome. Article title
• Negative Sentiment: Despite supportive strategic news, Shopify has still been trading lower, suggesting investors may be taking profits or focusing on valuation after a strong run. Article title

Shopify Stock Performance

Shopify stock opened at $108.09 on Thursday. Shopify Inc. has a fifty-two week low of $94.00 and a fifty-two week high of $182.19. The stock has a market cap of $140.26 billion, a PE ratio of 107.02, a price-to-earnings-growth ratio of 3.17 and a beta of 2.60. The firm’s 50-day simple moving average is $113.56 and its 200 day simple moving average is $130.44.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings results on Tuesday, May 5th. The software maker reported $999.00 earnings per share for the quarter, topping the consensus estimate of $0.22 by $998.78. Shopify had a net margin of 10.77% and a return on equity of 12.07%. The business had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.08 billion. As a group, analysts predict that Shopify Inc. will post 1.36 EPS for the current fiscal year.

Shopify Company Profile

Shopify is a Canadian commerce technology company that provides a cloud-based platform for businesses to create, manage and scale online and physical retail stores. Its core offering is a software-as-a-service e-commerce platform that enables merchants to build customizable storefronts, manage product catalogs, process orders, and handle inventory. Shopify also supports omnichannel selling through integrated point-of-sale (POS) systems for in-person transactions.

Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.