Insight Holdings Group LLC Invests $4.59 Million in Shopify Inc. $SHOP

Key Points

• Insight Holdings Group LLC opened a new position in Shopify during the fourth quarter, buying 28,530 shares worth about $4.59 million. Shopify now makes up roughly 0.3% of the firm’s portfolio.
• Shopify shares were down 4.5% in Thursday trading, opening at $108.09. The stock remains well below its 52-week high of $182.19, with a market cap of about $140.26 billion.
• Analysts remain broadly positive despite recent price-target cuts: Shopify has a Moderate Buy consensus rating and an average target price of $157.17. Recent earnings also beat expectations, with revenue of $3.17 billion topping estimates.

Insight Holdings Group LLC acquired a new position in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 28,530 shares of the software maker's stock, valued at approximately $4,592,000. Shopify comprises about 0.3% of Insight Holdings Group LLC's investment portfolio, making the stock its 22nd biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of SHOP. Norges Bank acquired a new stake in Shopify in the fourth quarter valued at $2,611,797,000. Sands Capital Management LLC increased its holdings in Shopify by 37.0% in the fourth quarter. Sands Capital Management LLC now owns 9,506,036 shares of the software maker's stock valued at $1,530,187,000 after purchasing an additional 2,568,765 shares during the period. Thrivent Financial for Lutherans increased its holdings in Shopify by 7,207.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,148,259 shares of the software maker's stock valued at $184,883,000 after purchasing an additional 1,132,545 shares during the period. Select Equity Group L.P. increased its holdings in Shopify by 92.5% in the second quarter. Select Equity Group L.P. now owns 2,246,473 shares of the software maker's stock valued at $259,124,000 after purchasing an additional 1,079,494 shares during the period. Finally, Steadfast Capital Management LP acquired a new stake in Shopify in the third quarter valued at $140,930,000. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Shopify Trading Down 4.5%

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 market cap of $140.26 billion, a P/E ratio of 107.02, a price-to-earnings-growth ratio of 3.17 and a beta of 2.60. The company has a fifty day moving average price of $113.56 and a two-hundred day moving average price of $130.44.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last posted its quarterly earnings results on Tuesday, May 5th. The software maker reported $999.00 earnings per share for the quarter, beating 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 firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.08 billion. On average, research analysts forecast that Shopify Inc. will post 1.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SHOP shares. Jefferies Financial Group restated a "hold" rating and issued a $140.00 price objective (down from $150.00) on shares of Shopify in a report on Tuesday, May 5th. Weiss Ratings downgraded Shopify from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, May 6th. Wells Fargo & Company decreased their price objective on Shopify from $166.00 to $144.00 and set an "overweight" rating for the company in a report on Wednesday, May 6th. Royal Bank Of Canada restated an "outperform" rating and issued a $170.00 price objective on shares of Shopify in a report on Wednesday, May 6th. Finally, Citizens Jmp decreased their price objective on 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 given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Shopify presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.17.

Trending Headlines about Shopify

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

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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