Bogart Wealth LLC Sells 16,563 Shares of Shopify Inc. $SHOP

Bogart Wealth LLC decreased its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 24.3% during the fourth quarter, HoldingsChannel reports. The fund owned 51,588 shares of the software maker’s stock after selling 16,563 shares during the quarter. Bogart Wealth LLC’s holdings in Shopify were worth $8,304,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. AMG National Trust Bank bought a new position in shares of Shopify in the fourth quarter worth about $202,000. Wealthfront Advisers LLC grew its holdings in shares of Shopify by 30.4% in the fourth quarter. Wealthfront Advisers LLC now owns 25,759 shares of the software maker’s stock worth $4,146,000 after purchasing an additional 6,000 shares during the last quarter. Certuity LLC grew its holdings in shares of Shopify by 0.5% in the fourth quarter. Certuity LLC now owns 23,365 shares of the software maker’s stock worth $3,761,000 after purchasing an additional 126 shares during the last quarter. R Squared Ltd bought a new position in shares of Shopify in the fourth quarter worth about $226,000. Finally, M&T Bank Corp grew its holdings in shares of Shopify by 37.1% in the fourth quarter. M&T Bank Corp now owns 81,082 shares of the software maker’s stock worth $13,051,000 after purchasing an additional 21,945 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors.

Shopify Price Performance

Shares of Shopify stock opened at $122.05 on Wednesday. Shopify Inc. has a 1 year low of $88.14 and a 1 year high of $182.19. The firm’s 50-day moving average is $122.55 and its two-hundred day moving average is $142.44. The stock has a market cap of $159.17 billion, a price-to-earnings ratio of 131.24, a PEG ratio of 4.42 and a beta of 2.82.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Zacks and other analysts expect Shopify to report earnings growth and have the key ingredients for an earnings beat, which could be an upside catalyst if confirmed in the Q1 release. Shopify (SHOP) Earnings Expected to Grow
• Positive Sentiment: Analysts and bulls highlight long-term upside from agentic commerce, AI initiatives, and partnerships (including the Universal Commerce Protocol), with some price-target upgrades arguing for substantial upside if Shopify confirms strong GMV and revenue growth. Shopify Preview: Expensive, But Not Overhyped Ahead Of Q1
• Positive Sentiment: Company R&D on AI agents (Qwen3‑32B agent) and new automation tools could materially cut store automation costs and boost margins / product stickiness if rolled out broadly. Shopify Builds Qwen3-32B Agent
• Neutral Sentiment: Proactive notes Shopify heads into Q1 on “solid footing” but stresses the market will require a convincing beat, measured Q2 outlook, and visible agentic commerce progress — meaning the report could swing sentiment either way. Shopify set for solid Q1 as analysts eye agentic commerce progress
• Neutral Sentiment: Third‑party ecosystem news (agency private equity deals, partners expanding multi‑channel integrations) underscores healthy merchant demand but is unlikely to move the stock materially on its own. Shopify Plus agency secures £7.6m private equity investment
• Neutral Sentiment: Reddit testing a Shopify integration could broaden merchant channels if adopted, but impact is uncertain and likely gradual. Reddit Tests Shopping Tools To Turn High Intent Chats Into Ad Sales
• Negative Sentiment: Near-term technical pressure: headlines and market commentary note Shopify has already pulled back sharply YTD, the stock recently dipped in sessions, and current trading volume is below its average — raising the risk of further downside if the Q1 print disappoints. Shopify (SHOP) Stock Dips While Market Gains

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Barclays set a $130.00 price target on shares of Shopify and gave the stock an “equal weight” rating in a report on Thursday, February 12th. Evercore set a $135.00 price target on shares of Shopify in a report on Wednesday, February 11th. Robert W. Baird set a $160.00 price target on shares of Shopify in a report on Thursday, February 12th. ATB Cormark Capital Markets upgraded shares of Shopify from a “sector perform” rating to an “outperform” rating in a report on Tuesday, February 10th. Finally, Wedbush dropped their target price on shares of Shopify from $185.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, February 12th. Three equities 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $162.46.

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.