Insider Selling: Shopify Inc. (TSE:SHOP) Senior Officer Sells 4,955 Shares of Stock

Shopify Inc. (TSE:SHOP) Senior Officer Harley Michael Finkelstein sold 4,955 shares of Shopify stock in a transaction on Monday, June 9th. The stock was sold at an average price of C$149.69, for a total transaction of C$741,716.84.

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

• On Wednesday, May 28th, Harley Michael Finkelstein sold 1,720 shares of Shopify stock. The shares were sold at an average price of C$146.65, for a total value of C$252,232.50.
• On Monday, April 28th, Harley Michael Finkelstein sold 1,700 shares of Shopify stock. The stock was sold at an average price of C$135.43, for a total value of C$230,236.44.

Shopify Stock Performance

Shares of SHOP stock traded up C$0.64 during mid-day trading on Tuesday, hitting C$148.19. 560,630 shares of the stock were exchanged, compared to its average volume of 2,267,638. The stock’s fifty day simple moving average is C$133.62 and its two-hundred day simple moving average is C$148.96. The stock has a market capitalization of C$138.01 billion, a price-to-earnings ratio of 67.09, a P/E/G ratio of 0.87 and a beta of 2.36. Shopify Inc. has a 12-month low of C$72.36 and a 12-month 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SHOP shares. ATB Capital raised their target price on Shopify from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a research report on Friday, May 9th. Mizuho increased their price target on shares of Shopify from C$105.00 to C$110.00 and gave the company a “hold” rating in a research note on Wednesday, February 12th.

Shopify Company Profile

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.