10,300 Shares in Shopify Inc. $SHOP Bought by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC bought a new stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,300 shares of the software maker’s stock, valued at approximately $1,222,000.

Several other hedge funds have also bought and sold shares of the stock. Kingdom Financial Group LLC. purchased a new position in shares of Shopify during the 4th quarter valued at about $26,000. Curio Wealth LLC bought a new position in shares of Shopify during the 4th quarter valued at approximately $27,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Shopify in the 4th quarter worth approximately $29,000. Lloyd Advisory Services LLC. purchased a new stake in Shopify in the 4th quarter worth approximately $31,000. Finally, Lodestone Wealth Management LLC bought a new stake in Shopify during the 4th quarter worth approximately $31,000. Institutional investors own 69.27% of the company’s stock.

Shopify Trading Up 1.6%

Shares of Shopify stock opened at $113.75 on Friday. The firm has a market cap of $147.61 billion, a PE ratio of 112.62, a PEG ratio of 2.42 and a beta of 2.58. The stock has a 50 day moving average of $114.39 and a 200 day moving average of $122.13. Shopify Inc. has a 12 month low of $94.00 and a 12 month high of $182.19.

Wall Street Analysts Forecast Growth

SHOP has been the topic of several analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $175.00 price target on shares of Shopify in a report on Wednesday, May 6th. National Bank Financial set a $155.00 price objective on shares of Shopify and gave the stock an “outperform” rating in a research note on Monday, July 20th. Morgan Stanley downgraded shares of Shopify from an “overweight” rating to a “buy” rating in a research report on Monday, July 13th. Royal Bank Of Canada restated an “outperform” rating on shares of Shopify in a research note on Monday. Finally, BMO Capital Markets assumed coverage on shares of Shopify in a report on Friday, July 10th. They issued a “market perform” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Shopify has an average rating of “Moderate Buy” and an average price target of $157.69.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Citigroup lowered its price target on Shopify to $150 from $156 but kept a Buy rating, implying meaningful upside from current levels. Benzinga
• Positive Sentiment: Several analyst-focused articles highlighted Shopify as a buy and pointed to roughly 28% upside based on consensus price targets, which can support sentiment around the stock. Wall Street Analysts See Shopify (SHOP) as a Buy: Should You Invest?
• Positive Sentiment: Growth-oriented coverage continued to argue that Shopify’s strong fundamentals and growth profile could make it attractive for long-term investors. 3 Reasons Why Growth Investors Shouldn’t Overlook Shopify (SHOP)
• Neutral Sentiment: Reports about Shopify merchants processing record GMV and the broader merchant ecosystem underscore platform momentum, but they were more of an industry/operating backdrop than a direct stock-moving announcement. DSCP Smart Fulfillment Addresses Critical Gap as Shopify Merchants Process Record $378 Billion in Annual Sales
• Negative Sentiment: Rothschild & Co Redburn cut Shopify to Hold, a downgrade that likely pressured the shares and signaled more caution on the stock’s near-term upside. Shopify (NASDAQ:SHOP) Cut to “Hold” at Rothschild & Co Redburn

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.