Shopify SHOP
$148.91 +$5.16 (+3.59%)
Market closed · Nov 7, 10:00 pm ET · Last extended-hours $148.75 -0.11%
Open$143.45
Prev close$143.75
Day range$142.62 – $151.38
Volume7.97M
Market cap$191.58B
P/E (TTM)91.4
Dividend yield–
Ownership & positioning
Who holds it, who is betting against it, and where the big money is moving
Institutional ownership70.8%-0.29 pts vs. prior quarter
Institutions holding2,132+57 vs. prior quarter
Insider trades (recent)4 buys / 46 sellsNet selling
ARK fund activity-304,766 sh9 recent transactions · last 22 Oct 2026
Short interest1.61% of floatDays to cover 2.6 · as of 15 Oct 2026
Short-sale volume share11.3%5-day average of daily volume
Short-sale volume as % of daily volume
Large-order net flow, last 20 sessions
Net of large-order buying minus selling, in USD. Over this window: +$159.69M (11 inflow days, 9 outflow days).
Net flow by order size, last 20 sessions
Super/Big orders approximate institutional-size trades; Mid/Small approximate retail-size trades. Net buy minus sell value in each bucket, summed over the window.
The five largest holders on file together own 25.6% of shares outstanding.
Largest holders
By investor type
Reported short interest has risen from 1.55% to 1.61% of float over the last 6 biweekly reports (31 Jul 2026 to 15 Oct 2026).
Recent institutional activity
| Holder | Type | Period | Share change | New stake |
|---|---|---|---|---|
| Baron Capital Group, Inc. | Mutual Fund | 2026/Q3 | +6,437,316 | 0.9% |
| Wellington Management Group | Mutual Fund | 2026/Q3 | +2,782,480 | 0.9% |
| Citadel Advisors LLC | Hedge Fund | 2026/Q3 | +1,644,591 | 0.2% |
| The Toronto-Dominion Bank | Public Company | 2026/Q3 | +1,582,234 | 0.5% |
| Susquehanna International Group, LLP | Private Company | 2026/Q3 | +1,558,887 | 0.3% |
| FMR | Mutual Fund | 2026/Q3 | +1,551,280 | 3.6% |
| UBS Asset Management | Mutual Fund | 2026/Q3 | +1,458,175 | 0.5% |
| Geode Capital Management, LLC | Mutual Fund | 2026/Q3 | +1,428,500 | 1.1% |
| Durable Capital Partners, LP | Hedge Fund | 2026/Q3 | +1,363,880 | 0.2% |
| Capital Research | Mutual Fund | 2026/Q3 | +1,317,212 | 7.7% |
| Royal Bank of Canada | Public Company | 2026/Q3 | +1,256,848 | 0.2% |
| Victory Capital Management Inc. | Mutual Fund | 2026/Q3 | +1,175,751 | 0.3% |
| Morgan Stanley | Public Company | 2026/Q3 | +1,154,019 | 0.8% |
| Public Sector Pension Investment Board | Government Pension Fund | 2026/Q3 | +1,152,910 | 0.1% |
| The Goldman Sachs Group, Inc. | Public Company | 2026/Q3 | +1,087,335 | 0.6% |
Institutional buy/sell activity by reporting period, largest moves first.
Insider transactions
| Date | Insider | Title | Transaction | Shares | Price | Held after |
|---|---|---|---|---|---|---|
| 13 Sep 2026 | Jeff Hoffmeister | Chief Financial Officer | Intent to Sell (Form 144) | -11,647 | $128.79 | – |
| 8 Sep 2026 | Tobias Lutke | Founder, CEO, Head of R&D and Director | Intent to Sell (Form 144) | -550,500 | $147.37 | – |
| 26 Aug 2026 | Jessica Hertz | Chief Operating Officer | Intent to Sell (Form 144) | -10,394 | $154.54 | – |
| 13 Aug 2026 | Harley Finkelstein | President | Derivative Exercise and Sale | -96,000 | $157.95 | 4,949 |
| 13 Aug 2026 | Harley Finkelstein | President | Derivative Exercise and Retained | +38,000 | $46.56 | 4,949 |
| 7 Jun 2026 | Tobias Lutke | Founder, CEO, Head of R&D and Director | Intent to Sell (Form 144) | -690,000 | $118.71 | – |
| 28 May 2026 | Tobias Lutke | Founder, CEO, Head of R&D and Director | Derivative Exercise and Retained | +47,626 | – | 1,118,813 |
| 27 May 2026 | Harley Finkelstein | President | Open Market Disposition | -3,306 | $109.89 | 16,521 |
| 27 May 2026 | Harley Finkelstein | President | Derivative Exercise and Retained | +6,754 | – | 16,521 |
| 27 May 2026 | Jessica Hertz | Chief Operating Officer | Open Market Disposition | -5,048 | $109.89 | 26,925 |
| 27 May 2026 | Jessica Hertz | Chief Operating Officer | Derivative Exercise and Retained | +11,606 | – | 26,925 |
| 4 May 2026 | Gail Goodman | Former Independent Director | Intent to Sell (Form 144) | -1,200 | $127.55 | – |
| 5 Apr 2026 | Gail Goodman | Former Independent Director | Intent to Sell (Form 144) | -1,200 | $118.25 | – |
| 22 Mar 2026 | Toby Shannan | Independent Director | Intent to Sell (Form 144) | -1,164 | $122.93 | – |
| 22 Mar 2026 | Harley Finkelstein | President | Intent to Sell (Form 144) | -202,257 | $122.96 | – |
| 22 Mar 2026 | Jessica Hertz | Chief Operating Officer | Intent to Sell (Form 144) | -11,361 | $126.17 | – |
| 22 Mar 2026 | Jeff Hoffmeister | Chief Financial Officer | Intent to Sell (Form 144) | -6,091 | $122.96 | – |
| 22 Mar 2026 | Jean Niehaus | General Counsel | Intent to Sell (Form 144) | -1,307 | $122.95 | – |
| 17 Mar 2026 | Tobias Lutke | Founder, CEO, Head of R&D and Director | Intent to Sell (Form 144) | -719,016 | $120.31 | – |
| 9 Mar 2026 | Jean Niehaus | General Counsel | Intent to Sell (Form 144) | -1,230 | $133.50 | – |
From Form 4/Form 144 filings. Negative share counts are disposals (sales, gifts, or shares withheld for taxes); positive are acquisitions.
Short interest, by report
| Report date | Shares short | % of float | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 20,775,010 | 1.6% | 2.6 |
| 30 Sep 2026 | 20,163,161 | 1.6% | 1.8 |
| 15 Sep 2026 | 16,447,162 | 1.3% | 1.8 |
| 31 Aug 2026 | 18,506,945 | 1.4% | 3.1 |
| 14 Aug 2026 | 15,388,800 | 1.2% | 1.1 |
| 31 Jul 2026 | 20,123,318 | 1.6% | 2.3 |
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