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Why Are Shares of Shopify (SHOP) Down Today?

Shopify stock is trading -7.61% below its average target price of $162.0 after dropping -4.7% during today's afternoon session. Analysts are giving the Large-Cap Software company an average rating of buy and target prices ranging from $118.0 to $200.0 per share.

The stock has a very low short interest at 1.5%, and a short ratio of 2.14. The company's insiders own 0.19% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 74.0% of Shopify's shares being owned by this investor type.

Institutions Invested in Shopify

Date Reported Holder Percentage Shares Value
2025-06-30 Capital World Investors 5% 57,977,406 $8,677,478,249
2025-06-30 Vanguard Group Inc 4% 49,316,695 $7,381,229,650
2025-06-30 FMR, LLC 4% 45,203,978 $6,765,679,304
2025-06-30 Capital International Investors 3% 40,056,659 $5,995,280,079
2025-06-30 BAILLIE GIFFORD & CO 3% 37,748,072 $5,649,753,867
2025-06-30 Price (T.Rowe) Associates Inc 3% 31,673,935 $4,740,637,793
2025-06-30 Morgan Stanley 2% 29,332,704 $4,390,225,753
2025-06-30 JPMORGAN CHASE & CO 2% 28,559,514 $4,274,502,408
2025-06-30 Royal Bank of Canada 2% 21,269,888 $3,183,464,098
2025-06-30 FIL LTD 2% 19,126,979 $2,862,734,911

Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Shopify.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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