Alta Park Capital LP Buys New Stake in Shopify Inc. $SHOP

Key Points

• Alta Park Capital LP initiated a new position in Shopify during the fourth quarter, buying 125,412 shares valued at about $20.2 million. Shopify now accounts for roughly 2.4% of Alta Park’s portfolio.
• Other institutions also added to or opened positions in SHOP, and the stock remains widely held by hedge funds and other investors, with 69.27% ownership by institutional investors.
• Recent company updates have been broadly supportive: shareholders approved all director nominees, reappointed PricewaterhouseCoopers as auditor, backed executive pay, and Shopify’s $5 billion buyback authorization continues to be a bullish signal for investors.

Alta Park Capital LP bought a new stake in shares of Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 125,412 shares of the software maker's stock, valued at approximately $20,188,000. Shopify makes up approximately 2.4% of Alta Park Capital LP's portfolio, making the stock its 15th largest position.

Several other institutional investors also recently bought and sold shares of SHOP. Kingdom Financial Group LLC. bought a new position in shares of Shopify in the 4th quarter valued at about $26,000. Curio Wealth LLC bought a new position in shares of Shopify in the 4th quarter valued at about $27,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Shopify in the 4th quarter valued at about $29,000. Lodestone Wealth Management LLC bought a new position in shares of Shopify in the 4th quarter valued at about $31,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of Shopify by 82.4% in the 4th quarter. Sound Income Strategies LLC now owns 197 shares of the software maker's stock valued at $31,000 after acquiring an additional 89 shares during the last quarter. 69.27% of the stock is owned by hedge funds and other institutional investors.

Shopify News Summary

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 Price Performance

Shares of SHOP opened at $108.09 on Thursday. Shopify Inc. has a 1-year low of $94.00 and a 1-year high of $182.19. The company has a 50-day moving average of $113.56 and a 200 day moving average of $130.44. The firm has a market capitalization of $140.26 billion, a price-to-earnings ratio of 107.02, a PEG ratio of 3.17 and a beta of 2.60.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last announced its quarterly earnings data on Tuesday, May 5th. The software maker reported $999.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $998.78. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.08 billion. Shopify had a net margin of 10.77% and a return on equity of 12.07%. On average, equities analysts anticipate that Shopify Inc. will post 1.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SHOP shares. Jefferies Financial Group reaffirmed a "hold" rating and issued a $140.00 price target (down from $150.00) on shares of Shopify in a report on Tuesday, May 5th. Robert W. Baird set a $150.00 price target on shares of Shopify in a report on Wednesday, May 6th. Weiss Ratings lowered shares of Shopify from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, May 6th. Canaccord Genuity Group lowered their target price on shares of Shopify from $165.00 to $145.00 and set a "buy" rating for the company in a report on Wednesday, May 6th. Finally, Citizens Jmp lowered their target price on shares of Shopify from $160.00 to $150.00 and set a "market outperform" rating for the company in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, Shopify presently has a consensus rating of "Moderate Buy" and an average target price of $157.17.

About Shopify

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.

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