← Signals · Technology · TSX
$SHOP
Shopify
Signal as of July 25, 2026  ·  90-day rolling window  ·  Software & IT Services
Confluence Score
68
out of 100  ·  Confluence  ·  Full breakdown →
Score delayed 7 days on Free  ·  See today's score — Analyst →
Signals scoring 60–74 have historically hit 49% of the time (avg +5.2% over 90 days, 1310 backtested signals). Methodology →
🔒 Risk monitoring — insider-selling & reversal warnings (Analyst)
⚡ First insider buying in 26 months 📅 Buying into earnings — Aug 05 (4d)
Confluence Score
68
Insider Activity (90d)
9
7 buyers  ·  $923K  ·  open-market only
Current Price
$164.18
CAD  ·  5-min cache
Market Cap
$198.9B
CAD  ·  TMX
Lobbying & Contracts
Active
3 regs  ·  0 contracts
Technology on Form55: 53% hit rate · -6.0% alpha vs XIU.TO · 19 closed signals Track Record →
Signal Analyst
The Confluence Score and insider trade feed above are free. Signal Analyst adds the full component breakdown, lobbying registrations, and contract wins — plus alerts when this company's signal moves, so you don't have to keep checking back.
Monitor — CAD $29/mo
Price Chart
12 months daily  ·  TSX:SHOP
Insider Transactions
90-day window  ·  50 filings
Date Insider Role Nature Dir. Shares Buy Price Return Value
Jul 07, 2026 Finkelstein, Harley Michael Exercise Sell 3,000 $46.56 $140K
Jul 07, 2026 Finkelstein, Harley Michael Plan / DRIP Buy 3,000 $125.00 +31.3%  · 25d $375K
Jul 07, 2026 Finkelstein, Harley Michael Exercise Sell 3,000 $46.56 $140K
Jul 07, 2026 Finkelstein, Harley Michael Exercise Buy 3,000 $46.56 +252.6%  · 25d $140K
Jul 07, 2026 Finkelstein, Harley Michael Plan / DRIP Buy 675 $125.00 +31.3%  · 25d $84K
Jul 07, 2026 Finkelstein, Harley Michael Plan / DRIP Buy 675 $125.00 +31.3%  · 25d $84K
Jul 02, 2026 Finkelstein, Harley Michael Plan / DRIP Buy 675 $119.21 +37.7%  · 30d $80K
Jul 01, 2026 Lutke, Tobias Albin Plan / DRIP Buy 33,750 $121.68 +34.9%  · 31d $4.1M
Jul 01, 2026 Lutke, Tobias Albin Plan / DRIP Buy 6,750 $121.68 +34.9%  · 31d $821K
Jun 30, 2026 Shopify Inc. Buyback Buy 191,477 $114.32 +43.6%  · 32d $21.9M
Jun 30, 2026 Shopify Inc. Buyback Buy 194,036
Jun 29, 2026 Shopify Inc. Buyback Buy 194,036 $116.92 +40.4%  · 33d $22.7M
Jun 29, 2026 Shopify Inc. Buyback Buy 204,917
Jun 29, 2026 Finkelstein, Harley Michael Exercise Sell 3,377
Jun 29, 2026 Finkelstein, Harley Michael Exercise Buy 3,377
Jun 29, 2026 Finkelstein, Harley Michael Open Market Buy 1,704 $116.27 +41.2%  · 33d $198K
Jun 29, 2026 Hertz, Jessica Exercise Sell 5,065
Jun 29, 2026 Hertz, Jessica Exercise Buy 5,065
Jun 29, 2026 Hertz, Jessica Open Market Buy 2,605 $116.27 +41.2%  · 33d $303K
Jun 29, 2026 Hertz, Jessica Exercise Sell 738
Jun 29, 2026 Hertz, Jessica Exercise Buy 738
Jun 29, 2026 Hertz, Jessica Open Market Buy 381 $116.27 +41.2%  · 33d $44K
Jun 29, 2026 Hertz, Jessica Exercise Sell 1,644
Jun 29, 2026 Hertz, Jessica Exercise Buy 1,644
Jun 29, 2026 Hertz, Jessica Exercise Buy 1,644
Jun 29, 2026 Hertz, Jessica Open Market Buy 848 $116.27 +41.2%  · 33d $99K
Jun 29, 2026 Hoffmeister, Jeff Exercise Sell 4,157
Jun 29, 2026 Hoffmeister, Jeff Exercise Buy 4,157
Jun 29, 2026 Hoffmeister, Jeff Open Market Buy 1,972 $116.27 +41.2%  · 33d $229K
Jun 29, 2026 Niehaus, Jean Exercise Sell 1,096
Jun 29, 2026 Niehaus, Jean Exercise Buy 1,096
Jun 29, 2026 Niehaus, Jean Open Market Buy 405 $116.27 +41.2%  · 33d $47K
Jun 26, 2026 Shopify Inc. Buyback Buy 204,917 $115.59 +42.0%  · 36d $23.7M
Jun 26, 2026 Shopify Inc. Buyback Buy 212,321
Jun 25, 2026 Shopify Inc. Buyback Buy 212,321 $113.88 +44.2%  · 37d $24.2M
Jun 25, 2026 Shopify Inc. Buyback Buy 218,564
Jun 24, 2026 Shopify Inc. Buyback Buy 218,564 $111.48 +47.3%  · 38d $24.4M
Jun 24, 2026 Shopify Inc. Buyback Buy 220,494
Jun 24, 2026 Lutke, Tobias Albin Plan / DRIP Buy 37,500 $110.22 +49.0%  · 38d $4.1M
Jun 24, 2026 Lutke, Tobias Albin Plan / DRIP Buy 7,500 $110.22 +49.0%  · 38d $827K
Jun 23, 2026 Shopify Inc. Buyback Buy 220,494 $108.36 +51.5%  · 39d $23.9M
Jun 23, 2026 Shopify Inc. Buyback Buy 440,986
Jun 22, 2026 Shopify Inc. Buyback Buy 221,150 $108.24 +51.7%  · 40d $23.9M
Jun 18, 2026 Shopify Inc. Buyback Buy 219,836 $108.35 +51.5%  · 44d $23.8M
Jun 18, 2026 Shopify Inc. Buyback Buy 212,942
Jun 17, 2026 Shopify Inc. Buyback Buy 212,942 $112.16 +46.4%  · 45d $23.9M
Jun 17, 2026 Shopify Inc. Buyback Buy 214,546
Jun 17, 2026 Lutke, Tobias Albin Plan / DRIP Buy 60,000 $111.98 +46.6%  · 45d $6.7M
Jun 17, 2026 Lutke, Tobias Albin Plan / DRIP Buy 12,000 $111.98 +46.6%  · 45d $1.3M
Jun 16, 2026 Shopify Inc. Buyback Buy 214,546 $113.14 +45.1%  · 46d $24.3M
Score uses open-market buys only  ·  6 open-market  ·  36 plan / compensation shown but not scored  ·  Return is unrealized, to today's price; a “· Nd” mark means the 90-day window is still open (N of 90 days) — too early to judge.
Score Breakdown
Signal Analyst  ·  $29/mo
Component Points Max Detail Weight
Conviction (unique buyers)  ✓ FREE PREVIEW 15 30 7 unique buyers
Buy/sell ratio 20 41% buys (9B / 13S)
Dollar value 25 $923K
Lobbying activity 15 3 regs
Contract wins 10 None
Insider track record 10 Avg 51% credibility
Private placements 8 None
Confluence bonus 10 Partial confluence (2+ signal sources)
Cluster timing (velocity) 10 Loose cluster: 2+ insiders bought same-day or within ~2 weeks
Buy/sell reversal pattern 8 No buy/sell reversal pattern
Total 68 100
Unlock Component Detail — CAD $29/mo
Buying Insiders
Open-market · 90 days · 7 unique buyers
Insider Credibility Hit Rate Avg 90d Return Trades (eval'd) Buy Value (90d) Last Buy
Hertz, Jessica 55 /100 72% +11.3% 39 $446K Jun 29, 2026
Hoffmeister, Jeff 49 /100 76% +14.7% 17 $229K Jun 29, 2026
Finkelstein, Harley Michael 41 /100 67% +4.7% 230 $198K Jun 29, 2026
Niehaus, Jean $47K Jun 29, 2026
Hansson, David Heinemeier $1K Jun 11, 2026
Mahendra-Rajah, Prashanth $869 Jun 12, 2026
Cheng Meservey, Lulu $543 Jun 12, 2026
Credibility score: historical hit rate × avg 90d return × sample size. View full insider leaderboard →
Lobbying Registrations
OCL active  ·  3 registrations
Effective Registrant Subject Matter Institutions Status
Apr 01, 2026 Shopify Inc.  ✓ FREE PREVIEW Communicating with with government officials about the Canada Post strike and its impact on Canada's… Innovation, Science and Economic Development Canada (ISED); Employment… Active
Active
Active
Unlock 3 Registrations — CAD $29/mo
Government Contract Wins
90-day window  ·  none found
No government contract wins in the last 90 days. Analyst plan →
Private Placements
12 months  ·  Signal Analyst  ·  $29/mo
Private placement history, deal size, and lock-up expiry tracking. Analyst plan →
Political Footprint
Donations · lobbying · contracts

4 insiders linked to SHOP are also individual political donors — $32K across 93 donations (2007–2023).

Conservative Party of Canada · $31K Liberal Party of Canada · $1K Green Party of Canada · $280

Sources: Elections Canada (individual donations only — corporate political donations banned federally since 2007), the federal Registry of Lobbyists, and federal contract disclosures. Insiders matched to donors by name. Shown for transparency from disclosed public records — this is not a Confluence Score input, implies no causal link between donations, lobbying, or contracts, and is not a claim of wrongdoing.

Indigenous Consultation
no records on file

No Indigenous consultation records on file for SHOP.

SEDAR+ Filings
official filing registry
Form55 monitors SEDAR+ filing alerts and newswire announcements for Technical Reports and material changes. Search SEDAR+ →
Short Interest
CIRO  ·  Jul 15, 2026
Shares short
4,980,293
Net change
-128,672 (-2.5%)
History
Jul 15: 4,980,293
Jun 30: 5,108,965
Jun 15: 4,797,404
May 31: 4,887,653
May 15: 5,792,598
Apr 30: 4,536,094
Aggregate short position from CIRO's Consolidated Short Position Report (published twice monthly).
Wikipedia Attention
Pageviews  ·  30 days
Views (30d)
46,966
Daily English-Wikipedia pageviews (Wikimedia). Traffic spikes often coincide with news — a public-attention indicator, not investment advice.
Boardroom Connections
1 insider also active elsewhere
Insider Other boards Also an insider at
Natale, Joe 2 TD (77), RCI (10)
People who file as insiders here and at other TSX/TSXV companies (number in brackets = that company's Confluence Score). A well-connected insider taking a seat at a new junior can be an early tell. Matched by name across SEDI filings; funds and 10%+ holders excluded.
Form55 provides data and analysis for informational purposes only. Nothing on this site constitutes investment advice or a recommendation to buy or sell any security. Past performance is not indicative of future results.