Calamos Wealth Management LLC Sells 20,825 Shares of Shopify Inc. $SHOP

Calamos Wealth Management LLC decreased its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 70.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,539 shares of the software maker’s stock after selling 20,825 shares during the quarter. Calamos Wealth Management LLC’s holdings in Shopify were worth $1,013,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. M&T Bank Corp boosted its holdings in shares of Shopify by 37.1% during the 4th quarter. M&T Bank Corp now owns 81,082 shares of the software maker’s stock valued at $13,051,000 after purchasing an additional 21,945 shares during the last quarter. Triasima Portfolio Management inc. lifted its position in shares of Shopify by 11.0% in the fourth quarter. Triasima Portfolio Management inc. now owns 182,338 shares of the software maker’s stock worth $29,398,000 after buying an additional 18,028 shares in the last quarter. Assetmark Inc. lifted its position in shares of Shopify by 6.7% in the fourth quarter. Assetmark Inc. now owns 213,583 shares of the software maker’s stock worth $34,380,000 after buying an additional 13,415 shares in the last quarter. SG Americas Securities LLC boosted its stake in Shopify by 286.6% during the fourth quarter. SG Americas Securities LLC now owns 508,723 shares of the software maker’s stock valued at $81,889,000 after buying an additional 377,129 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Shopify by 12.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 526,114 shares of the software maker’s stock valued at $84,689,000 after buying an additional 59,745 shares during the last quarter. Institutional investors own 69.27% of the company’s stock.

Analysts Set New Price Targets

SHOP has been the subject of several research analyst reports. BMO Capital Markets assumed coverage on Shopify in a report on Friday. They set a “market perform” rating for the company. Stifel Nicolaus set a $150.00 target price on Shopify and gave the company a “buy” rating in a research report on Thursday, July 9th. Piper Sandler reissued an “overweight” rating and issued a $150.00 target price (down from $165.00) on shares of Shopify in a report on Tuesday, May 5th. Robert W. Baird set a $150.00 price target on shares of Shopify in a research report on Wednesday, May 6th. Finally, Canaccord Genuity Group decreased their price target on shares of Shopify from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $157.58.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Jefferies upgraded Shopify to Buy and lifted its price target to $160, citing early signs of strength in Q2, a reworked partner program, and potential pricing power as Shopify benefits from “agentic commerce.” Article Title
• Positive Sentiment: Stifel and Bank of America also recently turned more constructive on the stock, adding to the view that SHOP may be re-rating after a weak year-to-date stretch. Article Title
• Positive Sentiment: Zacks upgraded Shopify to Strong Buy, reflecting improving optimism around earnings prospects and the company’s ability to rebound from the recent pullback. Article Title
• Positive Sentiment: Coverage highlighted Shopify’s growing role in payments infrastructure and its position as a core platform for AI-driven and “agentic” commerce, reinforcing the long-term bull case. Article Title
• Neutral Sentiment: DoorDash launched a native Shopify App Store integration for local retailers, which expands merchant functionality on Shopify but is more of a partnership update than a direct earnings catalyst. Article Title
• Neutral Sentiment: Recent commentary also noted Shopify’s earlier share-price weakness, slower growth, and AI-related costs, which temper enthusiasm even as sentiment improves. Article Title

Shopify Stock Up 0.8%

NASDAQ SHOP opened at $125.68 on Wednesday. The company has a fifty day moving average of $111.57 and a two-hundred day moving average of $124.31. The firm has a market capitalization of $163.09 billion, a price-to-earnings ratio of 124.44, a PEG ratio of 2.71 and a beta of 2.58. Shopify Inc. has a 52 week low of $94.00 and a 52 week high of $182.19.

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.