Shopify Inc. $SHOP Holdings Lowered by Ardsley Advisory Partners LP

Posted by George Bondi on Jun 18th, 2026

Ardsley Advisory Partners LP reduced its holdings in Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,400 shares of the software maker’s stock after selling 4,800 shares during the period. Shopify comprises about 1.4% of Ardsley Advisory Partners LP’s holdings, making the stock its 23rd largest holding. Ardsley Advisory Partners LP’s holdings in Shopify were worth $12,622,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SHOP. Kingdom Financial Group LLC. purchased a new stake in Shopify in the 4th quarter worth about $26,000. Curio Wealth LLC acquired a new position in shares of Shopify during the 4th quarter valued at about $27,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Shopify during the 4th quarter valued at about $29,000. Lodestone Wealth Management LLC acquired a new position in shares of Shopify during the 4th quarter valued at about $31,000. Finally, Sound Income Strategies LLC boosted 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 valued at $31,000 after purchasing an additional 89 shares during the period. 69.27% of the stock is owned by hedge funds and other institutional investors.

Shopify Stock Down 4.5%

Shares of Shopify stock opened at $108.09 on Thursday. Shopify Inc. has a 12 month low of $94.00 and a 12 month high of $182.19. The business has a fifty day simple moving average of $113.56 and a 200 day simple moving average of $130.44. The stock has a market cap of $140.26 billion, a PE ratio of 107.02, a price-to-earnings-growth ratio of 3.17 and a beta of 2.60.

Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last posted its 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. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. Shopify had a return on equity of 12.07% and a net margin of 10.77%. Analysts expect that Shopify Inc. will post 1.36 EPS for the current fiscal year.

Key Shopify News

Here are the key news stories impacting Shopify this week:

Positive Sentiment: Shopify shareholders approved all director nominees and reappointed PricewaterhouseCoopers as auditor at the 2026 annual meeting, while also backing executive compensation and rejecting a proposed AI policy, which supports management’s current AI strategy. Article title
Positive Sentiment: Shopify’s $5 billion buyback authorization remains a bullish signal for investors because it gives the company flexibility to repurchase shares and support per-share value. Article title
Positive Sentiment: Bloomreach launched a new Sidekick extension for its Loomi for Shopify app, adding instant search-ranking visibility for merchants and reinforcing Shopify’s expanding AI/app ecosystem. Article title
Positive Sentiment: Loox launched Reviewers.com, a product-sampling platform built exclusively for Shopify brands, highlighting continued third-party product development around the Shopify merchant base. Article title
Neutral Sentiment: Shopify announced the results of its 2026 annual meeting, but the filing itself does not indicate a major new catalyst for the stock beyond the governance outcome. Article title
Negative Sentiment: Despite supportive strategic news, Shopify has still been trading lower, suggesting investors may be taking profits or focusing on valuation after a strong run. Article title

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SHOP. Jefferies Financial Group restated a “hold” rating and set a $140.00 target price (down from $150.00) on shares of Shopify in a research note on Tuesday, May 5th. UBS Group restated a “neutral” rating on shares of Shopify in a research report on Thursday, May 28th. Weiss Ratings downgraded Shopify from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Piper Sandler reiterated an “overweight” rating and issued a $150.00 price objective (down from $165.00) on shares of Shopify in a research report on Tuesday, May 5th. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $157.17.

View Our Latest Stock Report on SHOP

About Shopify

(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.