Insider Selling: Shopify Inc. (TSE:SHOP) Senior Officer Sells 5,224 Shares of Stock

Shopify Inc. (TSE:SHOP) Senior Officer Harley Michael Finkelstein sold 5,224 shares of Shopify stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of C$62.22, for a total value of C$325,033.10.

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

• On Tuesday, May 28th, Harley Michael Finkelstein sold 429 shares of Shopify stock. The stock was sold at an average price of C$56.71, for a total value of C$24,330.69.
• On Friday, May 24th, Harley Michael Finkelstein sold 3,294 shares of Shopify stock. The stock was sold at an average price of C$57.19, for a total value of C$188,396.71.
• On Monday, April 29th, Harley Michael Finkelstein sold 424 shares of Shopify stock. The stock was sold at an average price of C$71.84, for a total value of C$30,460.84.
• On Monday, March 18th, Harley Michael Finkelstein sold 165 shares of Shopify stock. The stock was sold at an average price of C$76.97, for a total value of C$12,700.35.

Shopify Price Performance

SHOP traded up C$0.96 during trading on Tuesday, reaching C$87.78. The stock had a trading volume of 120,431 shares, compared to its average volume of 2,622,391. The firm has a market capitalization of C$106.21 billion, a price-to-earnings ratio of -394.64, a price-to-earnings-growth ratio of 1.09 and a beta of 2.20. The company has a quick ratio of 5.74, a current ratio of 7.14 and a debt-to-equity ratio of 12.87. Shopify Inc. has a 1-year low of C$63.16 and a 1-year high of C$123.20. The stock has a 50 day moving average of C$90.52 and a two-hundred day moving average of C$99.83.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their price objective on Shopify from C$86.00 to C$90.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th.

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.