Shopify Inc. (SHOP) is down 6.0% today. Here is some analysis on what might have caused this price movement.
Analysis: The move looks less like a single company-specific headline and more like risk-off, valuation-driven selling in a high-multiple software name. With the company’s next earnings update approaching, traders may be reducing exposure after recent strength and into a choppier tape.
Details:
Sources:
GlobeNewswire, Schaeffer’s Research
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$SHOP Hedge Fund Activity
We have seen 829 institutional investors add shares of $SHOP stock to their portfolio, and 818 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL RESEARCH GLOBAL INVESTORS removed 7,594,495 shares (-79.8%) from their portfolio in Q4 2025, for an estimated $1,222,485,860
- WCM INVESTMENT MANAGEMENT, LLC added 6,700,679 shares (+inf%) to their portfolio in Q4 2025, for an estimated $1,078,608,298
- CAPITAL WORLD INVESTORS removed 5,789,891 shares (-10.8%) from their portfolio in Q4 2025, for an estimated $931,998,754
- ROCKEFELLER CAPITAL MANAGEMENT L.P. added 5,435,549 shares (+476.9%) to their portfolio in Q4 2025, for an estimated $874,960,322
- 1832 ASSET MANAGEMENT L.P. added 4,373,310 shares (+127.1%) to their portfolio in Q4 2025, for an estimated $703,971,710
- BAILLIE GIFFORD & CO removed 4,237,555 shares (-12.0%) from their portfolio in Q4 2025, for an estimated $682,119,228
- POLEN CAPITAL MANAGEMENT LLC removed 3,859,034 shares (-34.9%) from their portfolio in Q4 2025, for an estimated $621,188,702
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$SHOP Congressional Stock Trading
Members of Congress have traded $SHOP stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $SHOP stock by members of Congress over the last 6 months:
- REPRESENTATIVE JONATHAN L. JACKSON has traded it 3 times. They made 1 purchase worth up to $100,000 on 12/08 and 2 sales worth up to $115,000 on 02/03, 01/30.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$SHOP Analyst Ratings
Wall Street analysts have issued reports on $SHOP in the last several months. We have seen 10 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Needham issued a "Buy" rating on 02/12/2026
- Mizuho issued a "Outperform" rating on 02/12/2026
- Scotiabank issued a "Sector Outperform" rating on 01/08/2026
- Morgan Stanley issued a "Overweight" rating on 11/05/2025
- BMO Capital issued a "Outperform" rating on 11/05/2025
- JP Morgan issued a "Overweight" rating on 11/05/2025
- CIBC issued a "Outperformer" rating on 11/05/2025
To track analyst ratings and price targets for $SHOP, check out Quiver Quantitative's $SHOP forecast page.
$SHOP Price Targets
Multiple analysts have issued price targets for $SHOP recently. We have seen 24 analysts offer price targets for $SHOP in the last 6 months, with a median target of $168.0.
Here are some recent targets:
- Ken Gawrelski from Wells Fargo set a target price of $166.0 on 04/06/2026
- James Callahan from Piper Sandler set a target price of $165.0 on 03/12/2026
- Samad Samana from Jefferies set a target price of $150.0 on 03/09/2026
- Terry Tillman from Truist Securities set a target price of $150.0 on 02/17/2026
- Tyler Radke from Citigroup set a target price of $172.0 on 02/13/2026
- Deepak Mathivanan from Cantor Fitzgerald set a target price of $126.0 on 02/12/2026
- Trevor Young from Barclays set a target price of $130.0 on 02/12/2026
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
