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$SHOP
Shopify
Signal as of September 24, 2026  ·  90-day rolling window  ·  Software & IT Services
Confluence Score
72
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)
Confluence Score
72
Insider Activity (90d)
17
3 buyers  ·  $431.2M  ·  open-market only
Current Price
$210.92
CAD  ·  5-min cache
Market Cap
$254.9B
CAD  ·  TMX
Lobbying & Contracts
Active
3 regs  ·  0 contracts
Technology on Form55: 52% hit rate · -8.4% alpha vs XIU.TO · 31 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  ·  25 filings
Date Insider Role Nature Dir. Shares Buy Price Return Value
Sep 02, 2026 Lutke, Tobias Albin — Plan / DRIP Buy 33,750 $140.41 +50.2%  · 29d $4.7M
Sep 02, 2026 Lutke, Tobias Albin — Plan / DRIP Buy 23,823 $139.61 +51.1%  · 29d $3.3M
Sep 02, 2026 Lutke, Tobias Albin — Plan / DRIP Buy 6,750 $140.41 +50.2%  · 29d $948K
Aug 31, 2026 Lutke, Tobias Albin — Exercise Buy 23,823 — — —
Aug 31, 2026 Lutke, Tobias Albin — Exercise Sell 46,758 — — —
Aug 19, 2026 Lutke, Tobias Albin — Plan / DRIP Buy 33,750 $147.26 +43.2%  · 43d $5.0M
Aug 19, 2026 Lutke, Tobias Albin — Plan / DRIP Buy 6,750 $147.26 +43.2%  · 43d $994K
Aug 14, 2026 Finkelstein, Harley Michael — Exercise Buy 3,000 $46.56 +353.0%  · 48d $140K
Aug 14, 2026 Finkelstein, Harley Michael — Exercise Sell 3,000 $46.56 — $140K
Aug 14, 2026 Finkelstein, Harley Michael — Exercise Sell 3,000 $46.56 — $140K
Aug 14, 2026 Finkelstein, Harley Michael — Exercise Sell 5,000 $46.56 — $233K
Aug 14, 2026 Finkelstein, Harley Michael — Exercise Buy 3,000 $46.56 +353.0%  · 48d $140K
Aug 14, 2026 Finkelstein, Harley Michael — Exercise Buy 5,000 $46.56 +353.0%  · 48d $233K
Aug 14, 2026 Finkelstein, Harley Michael — Plan / DRIP Buy 3,000 $157.95 +33.5%  · 48d $474K
Aug 14, 2026 Finkelstein, Harley Michael — Plan / DRIP Buy 3,000 $157.95 +33.5%  · 48d $474K
Aug 14, 2026 Finkelstein, Harley Michael — Plan / DRIP Buy 5,000 $158.51 +33.1%  · 48d $793K
Aug 12, 2026 Lutke, Tobias Albin — Plan / DRIP Buy 6,750 $150.16 +40.5%  · 50d $1.0M
Aug 12, 2026 Lutke, Tobias Albin — Plan / DRIP Buy 33,750 $150.16 +40.5%  · 50d $5.1M
Aug 12, 2026 Lutke, Tobias Albin — Plan / DRIP Buy 33,750 $150.16 +40.5%  · 50d $5.1M
Jul 07, 2026 Finkelstein, Harley Michael — Plan / DRIP Buy 675 $125.00 +68.7%  · 86d $84K
Jul 07, 2026 Finkelstein, Harley Michael — Plan / DRIP Buy 675 $125.00 +68.7%  · 86d $84K
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 +353.0%  · 86d $140K
Jul 07, 2026 Finkelstein, Harley Michael — Plan / DRIP Buy 3,000 $125.00 +68.7%  · 86d $375K
Jul 07, 2026 Finkelstein, Harley Michael — Exercise Sell 3,000 $46.56 — $140K
Score uses open-market buys only  ·  0 open-market  ·  19 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 25 30 3 unique buyers
Buy/sell ratio 20 74% buys (17B / 6S)
Dollar value 25 $431.2M (large cap — noise penalised)
Lobbying activity 15 3 regs
Contract wins 10 None
Insider track record 10 No track record data
Private placements 8 None
Confluence bonus 10 Partial confluence (2+ signal sources)
Cluster timing (velocity) 10 No coordinated buying cluster detected
Buy/sell reversal pattern 8 No buy/sell reversal pattern
Total 72 100
Unlock Component Detail — CAD $29/mo
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  ·  Sep 15, 2026
Shares short
7,175,478
Net change
-398,351 (-5.3%)
History
Sep 15: 7,175,478
Aug 31: 7,573,829
Aug 15: 7,532,623
Jul 31: 5,739,142
Jul 15: 4,980,293
Jun 30: 5,108,965
Aggregate short position from CIRO's Consolidated Short Position Report (published twice monthly).
Wikipedia Attention
Pageviews  ·  30 days
Views (30d)
51,376
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 RCI (10), TD (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.