Shopify Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NYSE:SHOP Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
12 Dec 24	SellUS$583,939	Jessica Hertz	Individual	4,963	US$117.66
14 Nov 24	SellUS$3,437,019	Kasra Nejatian	Individual	31,250	US$109.98
14 Nov 24	SellUS$218,440	Colleen Johnston	Individual	2,000	US$109.22
13 Nov 24	SellUS$954,278	Harley Finkelstein	Individual	8,877	US$107.50
13 Nov 24	SellUS$3,353,946	Kasra Nejatian	Individual	31,250	US$108.69
13 Nov 24	SellUS$1,671,300	Toby Shannan	Individual	15,000	US$111.42
08 Aug 24	SellUS$3,137,413	Kasra Nejatian	Individual	48,387	US$64.84
06 Jun 24	SellUS$61	Toby Shannan	Individual	1	US$61.28
28 May 24	SellUS$43,557	Jessica Hertz	Individual	768	US$56.71
01 Apr 24	SellUS$4,709	Harley Finkelstein	Individual	60	US$78.83
11 Mar 24	SellUS$400,944	Harley Finkelstein	Individual	5,353	US$74.90
29 Feb 24	SellUS$80,314	Harley Finkelstein	Individual	1,066	US$75.75
28 Feb 24	SellUS$42,036	Jessica Hertz	Individual	561	US$74.93

Insider Trading Volume

Insider Buying: SHOP insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of SHOP?
Owner Type	Number of Shares	Ownership Percentage
State or Government	712,732	0.0552%
Individual Insiders	81,188,425	6.28%
General Public	356,774,924	27.6%
Institutions	853,423,436	66%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 49.41% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
9.63%	Capital Research and Management Company	124,436,209	US$13.6b	9.52%	0.63%
6.16%	Tobias Lütke	79,550,132	US$8.7b	0%	no data
4.9%	Baillie Gifford & Co.	63,366,308	US$6.9b	14.7%	2.96%
3.7%	T. Rowe Price Group, Inc.	47,769,041	US$5.2b	4.92%	0.45%
3.58%	The Vanguard Group, Inc.	46,298,950	US$5.0b	1.67%	0.07%
3.21%	FMR LLC	41,500,126	US$4.5b	16.1%	0.26%
2.67%	Morgan Stanley Investment Management Inc.	34,541,700	US$3.8b	-14.6%	2.89%
1.47%	Polen Capital Management, LLC	18,970,816	US$2.1b	28.9%	4.89%
1.17%	Sands Capital Management, LLC	15,171,797	US$1.7b	2.95%	4.03%
1.17%	Loomis Sayles & Company, L.P.	15,083,210	US$1.6b	-2.85%	1.94%
1.1%	Norges Bank Investment Management	14,229,507	US$1.6b	0%	0.12%
1.09%	Fidelity International Ltd	14,091,822	US$1.5b	42.2%	0.64%
0.91%	Nikko Asset Management Co., Ltd.	11,784,184	US$1.3b	94.9%	0.45%
0.9%	JP Morgan Asset Management	11,574,363	US$1.3b	-38.6%	0.14%
0.85%	RBC Global Asset Management Inc.	11,010,621	US$1.2b	-1.61%	0.73%
0.84%	Franklin Resources, Inc.	10,868,399	US$1.2b	-4.77%	0.41%
0.8%	BMO Asset Management Corp.	10,361,542	US$1.1b	-8.25%	0.43%
0.76%	Artisan Partners Limited Partnership	9,775,471	US$1.1b	9.2%	0.81%
0.71%	Arrowstreet Capital, Limited Partnership	9,170,717	US$999.1m	8.53%	0.78%
0.7%	TD Asset Management, Inc.	9,024,787	US$983.3m	4.19%	0.71%
0.65%	Canadian Imperial Bank of Commerce, Asset Management Arm	8,462,873	US$922.0m	-1.85%	1.96%
0.64%	Legal & General Investment Management Limited	8,300,617	US$904.3m	0.81%	0.16%
0.64%	Manulife Asset Management	8,211,511	US$894.6m	6.27%	0.66%
0.58%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	7,470,369	US$813.9m	31.2%	0.19%
0.57%	National Bank Investments Inc.	7,408,880	US$807.2m	28%	1.04%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 01:54
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Shopify Inc. is covered by 80 analysts. 46 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Harshit Gupta	Accountability Research Corporation
Richard Kramer	Arete Research Services LLP
Rocco Strauss	Arete Research Services LLP