Shopify Inc. $SHOP Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd cut its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 57.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,053 shares of the software maker’s stock after selling 5,496 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Shopify were worth $468,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SHOP. Family Legacy Financial Solutions LLC acquired a new stake in Shopify in the 2nd quarter valued at about $25,000. Rothschild Investment LLC grew its position in shares of Shopify by 47.5% during the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock worth $27,000 after buying an additional 75 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of Shopify during the second quarter worth approximately $27,000. Tradewinds Capital Management LLC increased its stake in shares of Shopify by 71.4% during the second quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock worth $28,000 after buying an additional 100 shares during the period. Finally, Coastline Trust Co acquired a new stake in Shopify in the second quarter valued at approximately $29,000. 69.27% of the stock is owned by institutional investors and hedge funds.

Shopify Stock Up 5.1%

Shares of NASDAQ SHOP opened at $155.31 on Tuesday. The business has a 50-day moving average price of $156.80 and a 200 day moving average price of $134.63. The stock has a market cap of $202.19 billion, a PE ratio of 115.04, a price-to-earnings-growth ratio of 5.46 and a beta of 2.73. Shopify Inc. has a 52-week low of $69.84 and a 52-week high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings results on Tuesday, November 4th. The software maker reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. Shopify had a return on equity of 11.72% and a net margin of 16.65%. Shopify has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that Shopify Inc. will post 1.12 earnings per share for the current year.

Wall Street Analyst Weigh In

SHOP has been the subject of several analyst reports. Truist Financial set a $155.00 price target on shares of Shopify and gave the stock a “hold” rating in a report on Tuesday, November 4th. Stifel Nicolaus set a $175.00 target price on Shopify in a report on Tuesday, November 4th. Atb Cap Markets downgraded Shopify from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 6th. CIBC reissued an “outperform” rating on shares of Shopify in a research report on Wednesday, November 5th. Finally, Robert W. Baird boosted their target price on Shopify from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Twenty-two equities research analysts have rated the stock with a Buy rating and twenty-four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $163.89.

Shopify Company Profile

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.