Brown Capital Management LLC Decreases Stake in Shopify Inc. $SHOP

Brown Capital Management LLC lowered its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 8.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 379,136 shares of the software maker’s stock after selling 36,640 shares during the quarter. Shopify accounts for approximately 2.3% of Brown Capital Management LLC’s investment portfolio, making the stock its 20th biggest holding. Brown Capital Management LLC’s holdings in Shopify were worth $56,343,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Heartwood Wealth Advisors LLC bought a new stake in shares of Shopify during the 3rd quarter worth $27,000. Rothschild Investment LLC increased its position 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 buying an additional 75 shares during the last quarter. Financial Gravity Companies Inc. bought a new stake in shares of Shopify in the second quarter valued at $27,000. Tradewinds Capital Management LLC lifted its position in shares of Shopify by 71.4% during the 2nd quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock valued at $28,000 after buying an additional 100 shares during the last quarter. Finally, Estabrook Capital Management purchased a new position in shares of Shopify during the 2nd quarter valued at $29,000. 69.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Benchmark reissued a “buy” rating on shares of Shopify in a report on Wednesday, December 3rd. Wolfe Research upgraded shares of Shopify from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 6th. Oppenheimer reissued an “outperform” rating on shares of Shopify in a research report on Monday, December 1st. DZ Bank upgraded shares of Shopify from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. Finally, Barclays set a $140.00 price objective on shares of Shopify and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Twenty-five analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. According to MarketBeat.com, Shopify currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.70.

Shopify Stock Performance

Shopify stock opened at $132.20 on Tuesday. Shopify Inc. has a fifty-two week low of $69.84 and a fifty-two week high of $182.19. The stock has a market cap of $172.10 billion, a P/E ratio of 97.93, a price-to-earnings-growth ratio of 3.87 and a beta of 2.83. The firm’s fifty day moving average price is $157.91 and its 200-day moving average price is $151.57.

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

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Analysts at Seeking Alpha upgraded SHOP to a Buy ahead of Q4 2025, arguing Shopify’s AI and “agentic commerce” initiatives could re-accelerate revenue and expand addressable market; management’s Q4 guidance (25–29% sales growth, 20–25% gross profit growth) is positioned to be beatable, supporting upside expectations. Upgrading Shopify On Agentic Commerce Inflection Point (Earnings Preview)
• Positive Sentiment: Arete Research moved SHOP from Neutral to Buy, adding upward analyst momentum to the stock after the recent pullback; analyst upgrades can prompt short-term buying interest. Finviz
• Positive Sentiment: Technical analysts note Shopify bounced off a near six?month trendline during the recent pullback, suggesting a potential extension of the bounce if that support holds — a constructive setup for traders looking for mean reversion. Shopify Stock Could Extend a Bounce Off This Trendline
• Positive Sentiment: Broader market strength and improved macro data (better manufacturing prints and strong Q4 earnings across sectors) provide a tailwind that can lift high?beta, growth names like SHOP alongside the market rebound. Market Indexes Bounce Back to Start a New Trading Week
• Neutral Sentiment: The Information’s coverage of AI shopping competition outlines industry shifts (rival alliances vs. Amazon); this is a strategic backdrop that could benefit Shopify over time but does not create immediate earnings certainty. In AI Shopping Wars, Rivals Team Up to Take On Amazon
• Neutral Sentiment: Sector/style pieces and comparative analyses (e.g., AmericanBankingNews) are weighing SHOP relative to peers; useful for context but unlikely to move price materially on their own. Analyzing MiX Telematics (NYSE:MIXT) and Shopify (NASDAQ:SHOP)
• Neutral Sentiment: Public comments from co?founder Tobi Lütke (human interest/leadership tone) are notable for governance/culture context but are unlikely to change near?term fundamentals. ‘Companies Cocoon Them,’ Shopify Co-Founder Tobi Lütke Says—Why Ex-Entrepreneurs Get Pushed To The ‘Outskirts’ Instead Of Promoted
• Negative Sentiment: A bearish Forbes piece argues for selling SHOP around $130 after a ~22% drop since early January, highlighting downside risk and short-term momentum concerns — a narrative that can amplify selling pressure and volatility. Sell Shopify Stock At $130?

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.