Katamaran Capital LLP Purchases Shares of 21,111 Shopify Inc. $SHOP

Key Points

• Katamaran Capital LLP opened a new position in Shopify, buying 21,111 shares valued at about $3.4 million. The stake now represents roughly 2.6% of the fund’s portfolio.
• Institutional ownership in Shopify remains high, with 69.27% of shares held by institutional investors. Several other funds also recently initiated or added to positions in the stock.
• Analyst sentiment is still generally positive but mixed: Shopify has a Moderate Buy consensus with an average price target of $158.42, even as some firms lowered targets or kept a more cautious stance.

Katamaran Capital LLP purchased a new stake in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 21,111 shares of the software maker's stock, valued at approximately $3,398,000. Shopify makes up about 2.6% of Katamaran Capital LLP's investment portfolio, making the stock its 16th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Shopify in the fourth quarter valued at $29,000. Lodestone Wealth Management LLC bought a new stake in Shopify in the fourth quarter valued at $31,000. Sound Income Strategies LLC increased its stake in Shopify by 82.4% in the fourth quarter. Sound Income Strategies LLC now owns 197 shares of the software maker's stock valued at $31,000 after purchasing an additional 89 shares in the last quarter. JPL Wealth Management LLC bought a new stake in Shopify in the third quarter valued at $32,000. Finally, Caitlin John LLC bought a new stake in Shopify in the third quarter valued at $36,000. 69.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Barclays set a $126.00 price target on shares of Shopify and gave the company an "equal weight" rating in a research note on Wednesday. Benchmark reduced their price objective on shares of Shopify from $195.00 to $145.00 and set a "buy" rating for the company in a report on Tuesday, February 10th. Weiss Ratings cut shares of Shopify from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday. Robert W. Baird set a $150.00 price objective on shares of Shopify in a report on Wednesday. Finally, TD Cowen upgraded shares of Shopify from a "hold" rating to a "buy" rating and set a $159.00 price objective for the company in a report on Wednesday, February 11th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Shopify currently has an average rating of "Moderate Buy" and a consensus target price of $158.42.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify’s Q1 2026 results showed strong revenue growth, robust gross merchandise volume, and continued free-cash-flow strength, reinforcing that the core business is still expanding. Shopify's Revenue Is Surging, but Stock Falls. Here's Why It's a Buying Opportunity.
• Positive Sentiment: Cathie Wood reportedly bought about $32 million of Shopify after the earnings report, which may be seen as a vote of confidence from a high-profile growth investor. Cathie Wood buys $32M of e-commerce goliath after strong earnings
• Positive Sentiment: AI is increasingly being highlighted as a growth driver for Shopify’s merchant tools and platform, supporting the longer-term growth narrative. Shopify's Revenue Is Surging, but Stock Falls. Here's Why It's a Buying Opportunity.
• Neutral Sentiment: Several brokerages adjusted price targets this week, with some lowering targets but others reaffirming bullish views such as RBC’s outperform rating, suggesting expectations remain divided rather than clearly negative. Shopify NASDAQ: SHOP Receives Outperform Rating from Royal Bank Of Canada
• Neutral Sentiment: Commentary around unusual options activity and Shopify’s inclusion in high-conviction ETF holdings points to continued investor interest, but not necessarily a near-term catalyst. Unusual Shopify stock options activity signals a unique trade for income and upside
• Negative Sentiment: Recent coverage says Shopify’s valuation remains a near-term headwind, which helps explain why the stock has been sliding despite strong operating results. As Shopify Sinks 14% Following Earnings, Here's What Barchart Data Says Comes Next for SHOP Stock
• Negative Sentiment: Some investors remain cautious after the earnings report, arguing the stock is still too expensive and that patience may be needed before the shares can recover. MarketBeat Week in Review – 05/04 - 05/08

Shopify Price Performance

Shares of NASDAQ SHOP opened at $110.00 on Monday. Shopify Inc. has a 1 year low of $88.90 and a 1 year high of $182.19. The stock has a market capitalization of $143.45 billion, a P/E ratio of 108.91, a P/E/G ratio of 3.11 and a beta of 2.64. The company has a 50-day moving average price of $121.76 and a 200-day moving average price of $140.96.

Shopify (NASDAQ:SHOP - Get Free Report) 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, equities research analysts anticipate that Shopify Inc. will post 1.36 earnings per share 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.

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