Shopify Inc.

NYSE:SHOP Stock Report

Market Cap: US$149.6b

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
DateValueNameEntityRoleSharesMax Price
13 Feb 25SellUS$6,326,155Toby ShannanIndividual50,000US$126.52
12 Feb 25SellUS$6,040,485Kasra NejatianIndividual50,000US$120.81
12 Dec 24SellUS$583,939Jessica HertzIndividual4,963US$117.66
14 Nov 24SellUS$3,437,019Kasra NejatianIndividual31,250US$109.98
14 Nov 24SellUS$218,440Colleen JohnstonIndividual2,000US$109.22
13 Nov 24SellUS$954,278Harley FinkelsteinIndividual8,877US$107.50
13 Nov 24SellUS$3,353,946Kasra NejatianIndividual31,250US$108.69
13 Nov 24SellUS$1,671,300Toby ShannanIndividual15,000US$111.42
08 Aug 24SellUS$3,137,413Kasra NejatianIndividual48,387US$64.84
06 Jun 24SellUS$61Toby ShannanIndividual1US$61.28
28 May 24SellUS$43,557Jessica HertzIndividual768US$56.71
01 Apr 24SellUS$4,709Harley FinkelsteinIndividual60US$78.83
11 Mar 24SellUS$400,944Harley FinkelsteinIndividual5,353US$74.90
29 Feb 24SellUS$80,314Harley FinkelsteinIndividual1,066US$75.75
28 Feb 24SellUS$42,036Jessica HertzIndividual561US$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 TypeNumber of SharesOwnership Percentage
Private Companies6,3200.000488%
State or Government736,5020.0569%
Individual Insiders81,094,8556.26%
General Public366,869,15328.3%
Institutions846,113,90565.3%

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

Top Shareholders

Top 25 shareholders own 47.18% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
8.89%
Capital Research and Management Company
115,135,776US$13.3b-7.47%0.66%
6.14%
Tobias Lütke
79,550,132US$9.2b0%no data
4.62%
Baillie Gifford & Co.
59,776,512US$6.9b-5.67%3.16%
3.64%
The Vanguard Group, Inc.
47,080,112US$5.4b1.69%0.08%
3.31%
FMR LLC
42,862,281US$5.0b3.28%0.31%
3.24%
T. Rowe Price Group, Inc.
41,901,348US$4.8b-12.3%0.46%
1.73%
Morgan Stanley Investment Management Inc.
22,453,172US$2.6b-35%2.03%
1.32%
Polen Capital Management, LLC
17,082,458US$2.0b-9.95%5.6%
1.29%
JP Morgan Asset Management
16,641,122US$1.9b43.8%0.22%
1.27%
Arrowstreet Capital, Limited Partnership
16,487,579US$1.9b79.8%1.55%
1.22%
Fidelity International Ltd
15,774,148US$1.8b11.9%0.81%
1.13%
Loomis Sayles & Company, L.P.
14,612,866US$1.7b-3.12%2.23%
1.12%
Norges Bank Investment Management
14,504,856US$1.7b1.94%0.14%
1.06%
Sands Capital Management, LLC
13,778,939US$1.6b-9.18%4.17%
0.87%
BMO Asset Management Corp.
11,305,521US$1.3b9.11%0.55%
0.84%
RBC Global Asset Management Inc.
10,901,743US$1.3b-0.99%0.85%
0.72%
Franklin Resources, Inc.
9,297,718US$1.1b-14.5%0.4%
0.7%
TD Asset Management, Inc.
9,044,000US$1.0b0.21%0.82%
0.67%
National Bank Investments Inc.
8,701,656US$1.0b17.5%1.32%
0.63%
Canadian Imperial Bank of Commerce, Asset Management Arm
8,143,882US$941.1m-3.77%2.13%
0.57%
Artisan Partners Limited Partnership
7,332,465US$847.3m-25%0.7%
0.56%
Mackenzie Financial Corporation
7,222,328US$834.6m-2.48%0.9%
0.55%
Manulife Asset Management
7,168,363US$828.4m-12.7%0.66%
0.55%
Connor, Clark & Lunn Investment Management Ltd.
7,095,382US$819.9m30.2%3.73%
0.54%
Geode Capital Management, LLC
7,015,582US$810.7m30.2%0.06%

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/22 03:50
End of Day Share Price 2025/02/21 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

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 Github.

Analyst Sources

Shopify Inc. is covered by 78 analysts. 45 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Richard KramerArete Research Services LLP
Rocco StraussArete Research Services LLP