Shopify Stock Insider Power

Based on the 100 latest insides trades, we have calculated the insider power to be negative at 0. In total, the insiders bought 108.64M and sold 43.32M SHOP shares in the last 100 trades. The insider score can be negative despite buy/sell ratio being positive. The score focuses on the quality of the trades.

Insider Power

(Last 100 transactions)
0
Buy 108.64M shares
Sell 43.32M shares
72% Buy Activity
Negligible or No Correlation

No Significant Signals

No statistically significant buy or sell signals detected in recent insider data.

Historical Insider Trades

Date Type Person Role Amount
Oct 31, 2023
Buy
Series B Common Stock
X-InTheMoney
Shopify Strategic Holdings 3 Llc
10 Percent Owner
10% Owner 344 382
Value: $0
Oct 31, 2023
Sell
Warrants to Purchase Series B Common Stock (Right to Buy)
X-InTheMoney
Shopify Strategic Holdings 3 Llc
10 Percent Owner
10% Owner 344 382
Value: $3K
Oct 31, 2023
Buy
Series B Common Stock
X-InTheMoney
Shopify Strategic Holdings 3 Llc
10 Percent Owner
10% Owner 344 382
Value: $0
Oct 31, 2023
Sell
Warrants to Purchase Series B Common Stock (Right to Buy)
X-InTheMoney
Shopify Strategic Holdings 3 Llc
10 Percent Owner
10% Owner 344 382
Value: $3K
Sep 28, 2023
Buy
Series B Common Stock
X-InTheMoney
Shopify Strategic Holdings 3 Llc
10 Percent Owner
10% Owner 3 935 793
Value: $0
Sep 28, 2023
Sell
Warrants to Purchase Series B Common Stock (Right to Buy)
X-InTheMoney
Shopify Strategic Holdings 3 Llc
10 Percent Owner
10% Owner 3 935 793
Value: $39.4K
Sep 28, 2023
Buy
Series B Common Stock
X-InTheMoney
Shopify Strategic Holdings 3 Llc
10 Percent Owner
10% Owner 3 935 793
Value: $0
Sep 28, 2023
Sell
Warrants to Purchase Series B Common Stock (Right to Buy)
X-InTheMoney
Shopify Strategic Holdings 3 Llc
10 Percent Owner
10% Owner 3 935 793
Value: $39.4K
Sep 20, 2023
Buy
Series B Common Stock
Shopify Strategic Holdings 3 Llc
10 Percent Owner
10% Owner 9 249 114
Value: $0
Sep 20, 2023
Buy
Warrants to Purchase Series B Common Stock (Right to Buy)
Shopify Strategic Holdings 3 Llc
10 Percent Owner
10% Owner 9 445 906
Value: $94.5K
Sep 20, 2023
Buy
Series B Common Stock
Shopify Strategic Holdings 3 Llc
10 Percent Owner
10% Owner 9 249 114
Value: $0
Sep 20, 2023
Buy
Warrants to Purchase Series B Common Stock (Right to Buy)
Shopify Strategic Holdings 3 Llc
10 Percent Owner
10% Owner 9 445 906
Value: $94.5K
Jul 28, 2022
Buy
Investment Option (Right to Buy)
Shopify Strategic Holdings 3 Llc
10 Percent Owner
10% Owner 15 743 174
Value: $1.40B
Jul 28, 2022
Buy
Investment Option (Right to Buy)
Shopify Strategic Holdings 3 Llc
10 Percent Owner
10% Owner 15 743 174
Value: $1.40B
Aug 12, 2005
Buy
Incentive Stock Option (right to buy)
M-Exempt
Santora Greg J
Chief Financial Officer
C-Suite Officer 166 666
Value: $583.3K
Aug 12, 2005
Buy
Ordinary Shares
M-Exempt
Santora Greg J
Chief Financial Officer
C-Suite Officer 166 666
Value: $583.3K
Aug 12, 2005
Sell
Ordinary Shares
S-Sale
Santora Greg J
Chief Financial Officer
C-Suite Officer 166 666
Value: $3.48M
Aug 12, 2005
Buy
Incentive Stock Option (right to buy)
M-Exempt
Santora Greg J
Chief Financial Officer
C-Suite Officer 166 666
Value: $583.3K
Aug 12, 2005
Buy
Ordinary Shares
M-Exempt
Santora Greg J
Chief Financial Officer
C-Suite Officer 166 666
Value: $583.3K
Aug 12, 2005
Sell
Ordinary Shares
S-Sale
Santora Greg J
Chief Financial Officer
C-Suite Officer 166 666
Value: $3.48M
Jul 26, 2005
Buy
Non-Qualified Stock Option (right to buy)
A-Award
Hart Alex W
Director
Director 7 500
Value: $156.8K
Jul 26, 2005
Buy
Non-Qualified Stock Option (right to buy)
A-Award
Mather Ann
Director
Director 7 500
Value: $156.8K
Jul 26, 2005
Buy
Non-Qualified Stock Option (right to buy)
A-Award
Hart Alex W
Director
Director 7 500
Value: $156.8K
Jul 26, 2005
Buy
Non-Qualified Stock Option (right to buy)
A-Award
Mather Ann
Director
Director 7 500
Value: $156.8K
Jun 07, 2005
Buy
Employee Stock Option (Right to Buy)
A-Award
Norrington Lorrie M
President & CEO
CEO / President 600 000
Value: $10.7M

About Insider Power

Insider Power is a proprietary algorithm developed by StockInvest.us to evaluate the significance of insider transactions. The calculation considers the size, type, and timing of transactions, as well as the insider’s role within the company.

It is important to note that, in general, there is little to no correlation between insider transactions and short-term stock price movements. In one of our studies, only 0.22%* of stocks with insider activity showed a measurable correlation — and even then, it was unclear whether the effect was caused by insider actions or simply by the stock’s broader trend.

While our algorithms are designed to highlight potentially meaningful signals, these cannot be regarded as statistically significant on their own. Insider trading activity should therefore be seen as informative rather than as direct trading guidance. The Insider Power metric was created to present this information in a clearer and more accessible way, helping investors better understand the possible context of insider activity.

* October 6th, 2025 - Tested on 5562 stocks

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ABOUT SHOPIFY INC
Shopify
Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marke...
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