Shopify Inc. $SHOP Shares Sold by Westerkirk Capital Inc.

Westerkirk Capital Inc. cut its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 93.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,310 shares of the software maker’s stock after selling 47,800 shares during the quarter. Westerkirk Capital Inc.’s holdings in Shopify were worth $533,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SHOP. X Square Capital LLC raised its position in shares of Shopify by 1.7% during the 4th quarter. X Square Capital LLC now owns 9,904 shares of the software maker’s stock valued at $1,594,000 after buying an additional 161 shares during the period. Cerity Partners LLC lifted its holdings in Shopify by 9.2% in the fourth quarter. Cerity Partners LLC now owns 127,200 shares of the software maker’s stock valued at $20,475,000 after acquiring an additional 10,736 shares during the last quarter. Orion Investment Co lifted its holdings in Shopify by 1.6% in the fourth quarter. Orion Investment Co now owns 49,480 shares of the software maker’s stock valued at $7,965,000 after acquiring an additional 758 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Shopify by 11.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 211,068 shares of the software maker’s stock valued at $33,981,000 after acquiring an additional 21,235 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its holdings in Shopify by 8.4% in the fourth quarter. Manchester Capital Management LLC now owns 9,846 shares of the software maker’s stock valued at $1,585,000 after acquiring an additional 761 shares during the last quarter. 69.27% of the stock is owned by institutional investors and hedge funds.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify continues to show solid operating execution, with analysts highlighting strength in AI-driven traffic, payments, enterprise adoption, and overall revenue growth. Its Q1 2026 GMV reportedly topped $100.7 billion again, reinforcing that merchant activity remains healthy. Shopify’s GMV Tops $100B Again: What Investors Should Know
• Positive Sentiment: Analysts and market commentary remain constructive on Shopify’s long-term growth story, with some articles arguing the stock may still have room to run if management keeps delivering on execution and e-commerce expansion. Can Shopify’s Strong Execution Outweigh Valuation Concerns in H2 2026?
• Neutral Sentiment: Shopify remains a widely followed growth stock, and recent commentary from market strategists and analyst roundups has kept attention on the company’s fundamentals rather than any new company-specific setback. Shopify (SHOP) Fell With Software Sell Off
• Neutral Sentiment: Short-interest data showed no meaningful change in the reported figures, suggesting no clear new bearish catalyst from positioning.
• Negative Sentiment: The main headwind is valuation: Shopify trades at a premium forward sales multiple, leaving little room for disappointment if growth or margins slow. That concern, along with a broader software selloff, has weighed on the stock. Can Shopify’s Strong Execution Outweigh Valuation Concerns in H2 2026?

Shopify Price Performance

Shares of Shopify stock opened at $110.42 on Wednesday. The business has a 50-day moving average of $114.43 and a 200 day moving average of $132.29. Shopify Inc. has a 12 month low of $94.00 and a 12 month high of $182.19. The stock has a market capitalization of $143.29 billion, a price-to-earnings ratio of 109.33, a price-to-earnings-growth ratio of 3.11 and a beta of 2.60.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SHOP shares. KeyCorp reiterated an “overweight” rating and issued a $160.00 price objective on shares of Shopify in a report on Wednesday, February 11th. Wedbush cut their price objective on Shopify from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. Citigroup cut their price objective on Shopify from $163.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Wells Fargo & Company cut their price objective on Shopify from $166.00 to $144.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Finally, National Bank Financial cut their price objective on Shopify from $200.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.17.

Shopify 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.