9,290 Shares in Shopify Inc. $SHOP Purchased by Dynamic Technology Lab Private Ltd

Posted by on Jun 13th, 2026

Dynamic Technology Lab Private Ltd purchased a new position in shares of Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,290 shares of the software maker’s stock, valued at approximately $1,495,000.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in Shopify during the 4th quarter valued at about $2,611,797,000. Thrivent Financial for Lutherans lifted its holdings in Shopify by 7,207.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,148,259 shares of the software maker’s stock valued at $184,883,000 after buying an additional 1,132,545 shares in the last quarter. Select Equity Group L.P. lifted its holdings in Shopify by 92.5% during the 2nd quarter. Select Equity Group L.P. now owns 2,246,473 shares of the software maker’s stock valued at $259,124,000 after buying an additional 1,079,494 shares in the last quarter. Steadfast Capital Management LP bought a new stake in Shopify during the 3rd quarter valued at about $140,930,000. Finally, Vanguard Group Inc. lifted its holdings in Shopify by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 50,670,627 shares of the software maker’s stock valued at $8,158,643,000 after buying an additional 743,803 shares in the last quarter. 69.27% of the stock is owned by hedge funds and other institutional investors.

Shopify Stock Performance

NASDAQ:SHOP opened at $108.24 on Friday. Shopify Inc. has a one year low of $94.00 and a one year high of $182.19. The firm has a market cap of $140.46 billion, a P/E ratio of 107.17, a P/E/G ratio of 3.10 and a beta of 2.60. The firm has a 50-day simple moving average of $113.99 and a 200-day simple moving average of $131.61.

Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last posted its quarterly earnings results on Tuesday, May 5th. The software maker reported $999.00 EPS for the quarter, beating the consensus estimate of $0.22 by $998.78. Shopify had a net margin of 10.77% and a return on equity of 12.07%. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.08 billion. On average, research analysts predict that Shopify Inc. will post 1.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. National Bank Financial decreased their price objective on shares of Shopify from $200.00 to $155.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. BMO Capital Markets decreased their price objective on shares of Shopify from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Oppenheimer reiterated an “outperform” rating and set a $175.00 price objective on shares of Shopify in a report on Wednesday, May 6th. Needham & Company LLC reiterated a “buy” rating and set a $180.00 price objective on shares of Shopify in a report on Tuesday, May 5th. Finally, Canaccord Genuity Group decreased their price objective on shares of Shopify from $165.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Two investment 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $157.17.

View Our Latest Analysis on SHOP

Shopify Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Shopify (NASDAQ:SHOP)

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