Insider buying: $560,175,167 bought by 12 insiders (30d)
Est. revisions:
-0.1%
(1 up, 0 down in 30d)
Factor Model & Position History (net +2.6)
Factor Model
net +2.6 5.3 / 10
Est. Revisions
-0.0
Insider Activity
+0.5
Momentum
+0.8
Analyst Rev.
+1.0
Narrative Gap
+0.0
Shopify calls surge amid insider buying spree
Watch: Watch mid-May earnings for confirmation of acceleration in AI-driven commerce adoption and revenue growth trajectory against high volatility.
Full analysis
40,000 May $85 call options traded in one move while Shopify stock sits at $127. Implied volatility jumped to 74% from 61%, signaling bullish speculative sentiment before mid-May earnings. Insider Tobias Lutke and Shopify repurchased over $42M shares near $127-$130, indicating executive confidence. Analyst price targets average $160, supporting growth expectations.
Heavy call activity combined with significant insider buying highlights strong conviction in Shopify's upcoming earnings and sustained revenue acceleration, reinforcing bullish momentum.
Evidence
2d ago
Insider buy by Hoffmeister (Jeff) (SHOP): $3,286,180
2d ago
Insider buy by Finkelstein (Harley Michael) (SHOP): $638,029
2d ago
Insider buy by Finkelstein (Harley Michael) (SHOP): $3,294,398
2d ago
Insider buy by Lutke (Tobias Albin) (SHOP): $11,766,352
2d ago
Insider buy by Goodman (Gail Faye) (SHOP): $190,608
2d ago
Insider buy by Goodman (Gail Faye) (SHOP): $134,868
2d ago
Insider buy by Finkelstein (Harley Michael) (SHOP): $338,403
7 older signals
2d ago
Insider buy by Shopify Inc (SHOP): $21,222,482
2d ago
Insider buy by Finkelstein (Harley Michael) (SHOP): $375,009
2d ago
Insider buy by Shopify Inc (SHOP): $20,693,402
2d ago
Insider buy by Shopify Inc (SHOP): $18,966,689
2d ago
Insider buy by Shopify Inc (SHOP): $18,496,672
2d ago
Insider buy by Shopify Inc (SHOP): $18,162,039
2d ago
Insider buy by Shopify Inc (SHOP): $18,381,309
Fundamentals & Data ▾
Shopify Inc.
Technology · Software - Application
Mkt Cap
$150B
P/E
122.3 fwd 49.3
Beta
2.82
52w Range
$80.35 - $182.19
Short Interest
18.2M 1.48%
Days to Cover
1.6 +26%
Technicals
mixed
vs 20d MA
+7.5%
vs 50d MA
-6.3%
from 52w Hi
-27.3%
Vol (20d)
71%
1w return
+7.8%
1m return
+14.2%
3m return
-18.6%
Vol ratio
0.7x
Insiders
buying
14B / 0S
EPS Estimate
$0.33
-0.1% 30d
1up / 0dn
Est. Dispersion
48%
32 analysts
Analyst Target
$160
$110 - $200
Options P/C
0.70
Insider Cluster
strong buy
4B / 0S
Fund Convergence
strong
D.E. Shaw, Citadel, Two Sigma, Soros, Renaissance
Financials
Revenue
$3.7B +31% YoY
FCF
$715M
Gross Margin
46%
Op Margin
20%
Momentum:
accelerating
Top Holders
D.E. Shaw
$1.0B
Citadel
$920M
Two Sigma
$2M
Soros
Renaissance
Recent Filings & Data
insider trade
139
net buying
· $560,175,167 bought
12 insiders · 139 transactions (30d)
Recent transactions
Shopify Inc · other
Lutke (Tobias Albin) · buy · $7,493,160
Lutke (Tobias Albin) · buy · $1,498,632
Finkelstein (Harley Michael) · buy · $84,780
Goodman (Gail Faye) · exercise · $4,766
Goodman (Gail Faye) · buy · $140,964
Finkelstein (Harley Michael) · buy · $77,179
Lutke (Tobias Albin) · buy · $1,796,475
Lutke (Tobias Albin) · buy · $359,295
Shopify Inc · buy · $22,841,763
Shopify Inc · other
Shopify Inc · buy · $21,787,364
Hertz (Jessica) · other
Hertz (Jessica) · other · $277,584
Hertz (Jessica) · other
Hertz (Jessica) · other · $40,643
Hertz (Jessica) · other
Hertz (Jessica) · other · $90,555
Hoffmeister (Jeff) · other
Hoffmeister (Jeff) · other · $217,735
Niehaus (Jean) · other
Niehaus (Jean) · other · $45,780
Finkelstein (Harley Michael) · other
Finkelstein (Harley Michael) · other · $190,490
Shopify Inc · buy · $21,223,655
Shopify Inc · other
Shopify Inc · buy · $20,417,154
Shopify Inc · other
Shopify Inc · buy · $19,794,571
Shopify Inc · other
Lutke (Tobias Albin) · buy · $1,772,430
Lutke (Tobias Albin) · buy · $354,486
Shopify Inc · buy · $18,443,119
Shopify Inc · other
Shopify Inc · buy · $17,776,308
Shopify Inc · other
Shopify Inc · buy · $17,043,905
Shopify Inc · other
Shopify Inc · buy · $16,571,201
Shopify Inc · other
Shopify Inc · buy · $15,871,714
Shopify Inc · other
Lutke (Tobias Albin) · buy · $3,023,187
Lutke (Tobias Albin) · buy · $7,638,480
Lutke (Tobias Albin) · buy · $1,527,696
Shopify Inc · buy · $15,642,149
Shopify Inc · other
Shopify Inc · buy · $14,802,313
Shopify Inc · other
Finkelstein (Harley Michael) · buy · $240,488
Finkelstein (Harley Michael) · buy · $240,355
Shopify Inc · buy · $13,933,371
Shopify Inc · buy · $12,883,150
Shopify Inc · buy · $12,797,927
Hansson (David Heinemeier) · other
Hansson (David Heinemeier) · other · $1,652
Niehaus (Jean) · other · $159,002
Shopify Inc · buy · $13,582,729
Shopify Inc · buy · $15,128,692
Hertz (Jessica) · other
Hertz (Jessica) · other · $748,045
Shannan (Tobyn) · other
Shannan (Tobyn) · other · $55,564
Finkelstein (Harley Michael) · other
Finkelstein (Harley Michael) · other · $631,723
Finkelstein (Harley Michael) · buy · $86,344
Shopify Inc · buy · $16,159,564
Shopify Inc · other
Shopify Inc · buy · $17,113,479
Goodman (Gail Faye) · buy · $154,164
Niehaus (Jean) · other · $87,350
Shopify Inc · buy · $18,136,788
Lutke (Tobias Albin) · other
Shopify Inc · buy · $18,678,364
Hertz (Jessica) · other
Hertz (Jessica) · other · $298,505
Hertz (Jessica) · other · $43,698
Hertz (Jessica) · other · $97,398
Hoffmeister (Jeff) · other
Hoffmeister (Jeff) · other · $234,327
Niehaus (Jean) · other · $49,175
Shopify Inc · buy · $18,890,589
Finkelstein (Harley Michael) · other · $205,036
Shopify Inc · buy · $18,220,743
Shopify Inc · other
Shopify Inc · buy · $18,381,309
Shopify Inc · buy · $18,162,039
Shopify Inc · buy · $18,496,672
Shopify Inc · buy · $18,966,689
Shopify Inc · buy · $20,693,402
Shopify Inc · other
Finkelstein (Harley Michael) · exercise · $54,120
Finkelstein (Harley Michael) · buy · $375,009
Shopify Inc · buy · $21,222,482
Shopify Inc · other
Finkelstein (Harley Michael) · buy · $338,403
Goodman (Gail Faye) · buy · $134,868
Niehaus (Jean) · other
Niehaus (Jean) · other · $43,867
Hertz (Jessica) · other
Hertz (Jessica) · other · $214,537
Hertz (Jessica) · other · $50,284
Hoffmeister (Jeff) · other
Hoffmeister (Jeff) · other · $280,432
Finkelstein (Harley Michael) · other
Finkelstein (Harley Michael) · other · $237,607
Goodman (Gail Faye) · buy · $190,608
Niehaus (Jean) · other
Niehaus (Jean) · other · $52,370
Hertz (Jessica) · other
Hertz (Jessica) · other · $253,647
Hertz (Jessica) · other · $61,633
Hoffmeister (Jeff) · other
Hoffmeister (Jeff) · other · $333,398
Finkelstein (Harley Michael) · other
Finkelstein (Harley Michael) · other · $290,052
Lutke (Tobias Albin) · exercise · $3,112,722
Lutke (Tobias Albin) · buy · $11,766,352
Scott (James Kevin) · other
Finkelstein (Harley Michael) · exercise · $356,290
Finkelstein (Harley Michael) · buy · $3,294,398
Finkelstein (Harley Michael) · buy · $638,029
Cheng Meservey (Lulu) · other
Lutke (Tobias Albin) · other
Mahendra-Rajah (Prashanth) · other
Mahendra-Rajah (Prashanth) · other · $3,365
Hansson (David Heinemeier) · other
Hansson (David Heinemeier) · other · $10,671
Hertz (Jessica) · other · $6,720,609
Hoffmeister (Jeff) · buy · $3,286,180
Shannan (Tobyn) · other · $2,952,000
Lutke (Tobias Albin) · other
Lutke (Tobias Albin) · other
Lutke (Tobias Albin) · other
Hertz (Jessica) · other · $905,142
Hoffmeister (Jeff) · other
Hoffmeister (Jeff) · other · $615,026
Shannan (Tobyn) · other · $62,662
Finkelstein (Harley Michael) · other · $763,064
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Filing analysis pending — next scan runs every 12 hours
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Transcript analysis coming soon
15 signals · latest 3h ago
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