16,450 Shares in Shopify Inc. $SHOP Purchased by Colorado Capital Management Inc.

Colorado Capital Management Inc. acquired a new position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,450 shares of the software maker’s stock, valued at approximately $2,445,000.

Several other institutional investors have also recently made changes to their positions in SHOP. Accurate Wealth Management LLC boosted its position in shares of Shopify by 2.0% during the third quarter. Accurate Wealth Management LLC now owns 3,438 shares of the software maker’s stock valued at $526,000 after purchasing an additional 67 shares in the last quarter. Rothschild Investment LLC raised its holdings in Shopify by 47.5% in the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Sivia Capital Partners LLC lifted its position in Shopify by 0.9% during the third quarter. Sivia Capital Partners LLC now owns 8,265 shares of the software maker’s stock valued at $1,228,000 after buying an additional 75 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Shopify by 13.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 631 shares of the software maker’s stock valued at $72,000 after buying an additional 77 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC boosted its holdings in shares of Shopify by 6.5% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 1,315 shares of the software maker’s stock valued at $195,000 after buying an additional 80 shares in the last quarter. Institutional investors own 69.27% of the company’s stock.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Wolfe Research upgraded Shopify to “Outperform,” a clear near-term catalyst that can support buying interest from institutional investors. Wolfe Research Upgrades Shopify (NASDAQ:SHOP) to “Outperform”
• Positive Sentiment: RBC reiterated an Outperform rating and set a $200 price target (~20% upside vs. recent levels), reinforcing bullish analyst momentum and giving investors a clear upside benchmark. Shopify still has big upside, RBC says
• Positive Sentiment: Scotiabank and other coverage highlight “agentic commerce” (AI-driven shopping assistants) as a growth area that plays to Shopify’s platform strengths — a thematic tailwind investors are valuing coming into 2026. Agentic commerce ‘plays right into Shopify’s strength’ — Scotiabank
• Positive Sentiment: The Motley Fool notes Shopify’s revenue growth improved in 2025 and points to agentic commerce as a promising long-term opportunity — supporting the narrative that growth is re-accelerating. Shopify Stock Soared Last Year. Can It Do It Again?
• Positive Sentiment: iDenfy launched an automated ID-verification app for high-risk Shopify orders, which could reduce fraud, protect GMV and improve merchant trust on the platform. iDenfy launches automated ID verification app for high risk Shopify orders
• Neutral Sentiment: MarketWatch noted a recent one-day pullback even as Shopify continues to outperform the broader market — a reminder of volatility despite the bullish backdrop. Shopify Inc. Cl A stock falls Wednesday, still outperforms market
• Neutral Sentiment: Coverage asking whether Shopify’s uptrend will continue highlights both upside potential and the need to monitor execution, margins and macro-driven consumer spending. Will Shopify’s uptrend continue in 2026?
• Negative Sentiment: A competitor, Swap, raised $100M shortly after a prior round, signaling increased funding in Shopify’s competitive set — a potential pressure point if rivals accelerate product development or merchant incentives. Shopify competitor Swap raises $100M six months after raising $40M

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SHOP. Wedbush reissued an “outperform” rating and set a $185.00 price target (up from $160.00) on shares of Shopify in a research report on Tuesday, November 4th. Wells Fargo & Company reiterated an “overweight” rating and set a $198.00 target price (up from $125.00) on shares of Shopify in a report on Wednesday, December 17th. UBS Group set a $195.00 price target on Shopify in a research note on Wednesday, December 3rd. Wolfe Research upgraded Shopify from a “hold” rating to an “outperform” rating in a research note on Tuesday. Finally, TD Cowen reissued a “hold” rating and issued a $156.00 target price on shares of Shopify in a research note on Friday, October 3rd. Twenty-four research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $170.08.

Shopify Trading Up 0.9%

SHOP stock opened at $168.28 on Friday. The stock’s 50 day simple moving average is $160.21 and its 200 day simple moving average is $147.29. Shopify Inc. has a 12-month low of $69.84 and a 12-month high of $182.19. The stock has a market capitalization of $219.07 billion, a PE ratio of 124.65, a price-to-earnings-growth ratio of 4.95 and a beta of 2.83.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings results on Tuesday, November 4th. The software maker reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. Shopify had a return on equity of 11.72% and a net margin of 16.65%. On average, research analysts predict that Shopify Inc. will post 1.12 earnings per share for the current year.

About Shopify

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.