Shopify Inc. (TSE:SHOP) Senior Officer Sells C$270,390.18 in Stock

Shopify Inc. (TSE:SHOP) Senior Officer Harley Michael Finkelstein sold 1,711 shares of Shopify stock in a transaction on Friday, February 28th. The shares were sold at an average price of C$158.03, for a total transaction of C$270,390.18.

Harley Michael Finkelstein also recently made the following trade(s):

• On Monday, February 24th, Harley Michael Finkelstein sold 3,104 shares of Shopify stock. The shares were sold at an average price of C$158.59, for a total value of C$492,263.81.
• On Tuesday, January 28th, Harley Michael Finkelstein sold 394 shares of Shopify stock. The stock was sold at an average price of C$160.56, for a total value of C$63,261.55.
• On Monday, December 9th, Harley Michael Finkelstein sold 4,951 shares of Shopify stock. The shares were sold at an average price of C$163.19, for a total value of C$807,961.18.

Shopify Stock Down 0.9 %

Shares of Shopify stock traded down C$1.38 on Monday, hitting C$160.66. The company had a trading volume of 382,458 shares, compared to its average volume of 1,860,576. Shopify Inc. has a 1 year low of C$72.36 and a 1 year high of C$183.53. The company has a debt-to-equity ratio of 9.74, a quick ratio of 5.74 and a current ratio of 3.71. The stock has a 50 day moving average of C$162.08 and a 200-day moving average of C$136.53. The stock has a market capitalization of C$149.62 billion, a price-to-earnings ratio of 72.74, a P/E/G ratio of 0.87 and a beta of 2.36.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Mizuho increased their target price on Shopify from C$105.00 to C$110.00 and gave the stock a “hold” rating in a report on Wednesday, February 12th. ATB Capital lowered shares of Shopify from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from C$120.00 to C$145.00 in a research note on Wednesday, November 13th. Finally, National Bankshares lifted their price objective on shares of Shopify from C$100.00 to C$140.00 in a report on Wednesday, November 13th.

About 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, Australia, China, 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 marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.