Sigma Planning Corp Sells 6,613 Shares of Shopify Inc. $SHOP

Posted by Francis Steltz on Jul 17th, 2026

Sigma Planning Corp reduced its stake in Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 24.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,040 shares of the software maker’s stock after selling 6,613 shares during the quarter. Sigma Planning Corp’s holdings in Shopify were worth $2,377,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. M&T Bank Corp increased its position in shares of Shopify by 37.1% during the fourth quarter. M&T Bank Corp now owns 81,082 shares of the software maker’s stock valued at $13,051,000 after acquiring an additional 21,945 shares during the last quarter. Triasima Portfolio Management inc. boosted its position in Shopify by 11.0% in the fourth quarter. Triasima Portfolio Management inc. now owns 182,338 shares of the software maker’s stock worth $29,398,000 after purchasing an additional 18,028 shares during the last quarter. Assetmark Inc. boosted its position in Shopify by 6.7% in the fourth quarter. Assetmark Inc. now owns 213,583 shares of the software maker’s stock worth $34,380,000 after purchasing an additional 13,415 shares during the last quarter. SG Americas Securities LLC grew its stake in Shopify by 286.6% in the 4th quarter. SG Americas Securities LLC now owns 508,723 shares of the software maker’s stock valued at $81,889,000 after purchasing an additional 377,129 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Shopify by 12.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 526,114 shares of the software maker’s stock valued at $84,689,000 after purchasing an additional 59,745 shares during the period. 69.27% of the stock is currently owned by institutional investors.

Shopify Stock Up 1.2%

NASDAQ SHOP opened at $125.06 on Friday. The firm has a market cap of $162.29 billion, a P/E ratio of 123.82, a price-to-earnings-growth ratio of 2.68 and a beta of 2.58. The company’s 50 day moving average is $112.19 and its 200-day moving average is $123.66. Shopify Inc. has a 12-month low of $94.00 and a 12-month high of $182.19.

Wall Street Analyst Weigh In

SHOP has been the topic of a number of recent analyst reports. Morgan Stanley cut Shopify from an “overweight” rating to a “buy” rating in a research note on Monday. Robert W. Baird set a $150.00 price objective on shares of Shopify in a report on Wednesday, May 6th. Bank of America initiated coverage on shares of Shopify in a research report on Tuesday, July 7th. They issued a “buy” rating and a $150.00 price objective on the stock. Canaccord Genuity Group dropped their target price on shares of Shopify from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Finally, Citigroup downgraded shares of Shopify from a “market outperform” rating to a “neutral” rating in a research report on Friday, July 10th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Shopify has an average rating of “Moderate Buy” and an average price target of $157.58.

Read Our Latest Research Report on SHOP

Shopify 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.