Rare Wolf Capital LLC Takes $1.90 Million Position in Shopify Inc. $SHOP

Rare Wolf Capital LLC bought a new position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) during the 4th quarter, Holdings Channel reports. The institutional investor bought 11,824 shares of the software maker’s stock, valued at approximately $1,903,000. Shopify comprises approximately 1.2% of Rare Wolf Capital LLC’s holdings, making the stock its 18th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Kingdom Financial Group LLC. acquired a new stake in Shopify during the fourth quarter worth approximately $26,000. Curio Wealth LLC acquired a new position in shares of Shopify in the 4th quarter valued at $27,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Shopify in the 4th quarter valued at $29,000. Lodestone Wealth Management LLC purchased a new position in shares of Shopify in the 4th quarter valued at $31,000. Finally, Sound Income Strategies LLC raised its stake in Shopify by 82.4% during the 4th quarter. Sound Income Strategies LLC now owns 197 shares of the software maker’s stock worth $31,000 after acquiring an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SHOP shares. Barclays set a $126.00 price target on shares of Shopify and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Piper Sandler reiterated an “overweight” rating and set a $150.00 target price (down from $165.00) on shares of Shopify in a research report on Tuesday, May 5th. Wells Fargo & Company cut their target price on Shopify from $166.00 to $144.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Oppenheimer reissued an “outperform” rating and issued a $175.00 target price on shares of Shopify in a report on Wednesday, May 6th. Finally, Canaccord Genuity Group decreased their target price on Shopify from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $157.17.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify reaffirmed shareholder support at its 2026 annual meeting, with management proposals approved, all director nominees elected, and investors backing the company’s current AI strategy by rejecting a separate AI policy proposal. Shopify (SHOP) Backs Management At 2026 Meeting As Shareholders Reject AI Policy
• Positive Sentiment: Shopify’s expanded US$5 billion share repurchase authorization signals confidence from the board and provides a potential source of support for the stock. What Shopify (SHOP)’s US$5 Billion Buyback and AI Commerce Push Means For Shareholders
• Positive Sentiment: New app ecosystem releases from partners like Bloomreach and Loox highlight continued merchant demand for Shopify-related tools, reinforcing platform engagement and developer activity. New Sidekick Extension in Loomi for Shopify Gives Merchants Instant Search Ranking Visibility
• Neutral Sentiment: Analysts continue to rate Shopify around “Moderate Buy,” suggesting a generally constructive but not overly bullish Street view. Shopify Inc. (NASDAQ:SHOP) Given Average Rating of “Moderate Buy” by Analysts
• Neutral Sentiment: Shopify also disclosed results from its 2026 annual shareholder meeting, another event that mainly confirms governance and capital-allocation decisions already in focus. Shopify Inc.: Shopify Announces Results of its 2026 Annual Meeting of Shareholders
• Negative Sentiment: Shopify stock fell notably as part of a broader market move, with investor sentiment likely weighed by the recent decline rather than a single negative operating headline. Shopify (SHOP) Declines More Than Market: Some Information for Investors

Shopify Price Performance

Shopify stock opened at $108.85 on Friday. Shopify Inc. has a 12 month low of $94.00 and a 12 month high of $182.19. The business has a 50 day simple moving average of $113.40 and a 200-day simple moving average of $130.09. The stock has a market capitalization of $141.25 billion, a PE ratio of 107.77, a price-to-earnings-growth ratio of 3.03 and a beta of 2.60.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued 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 return on equity of 12.07% and a net margin of 10.77%.The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.08 billion. As a group, equities research analysts anticipate that Shopify Inc. will post 1.36 EPS for the current year.

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.