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 that occurred 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 stock was sold at an average price of C$158.59, for a total transaction 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 transaction 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 transaction of C$807,961.18.

Shopify Stock Up 3.3 %

Shopify stock opened at C$152.17 on Thursday. The company has a 50-day simple moving average of C$161.64 and a 200-day simple moving average of C$137.31. The firm has a market capitalization of C$141.72 billion, a P/E ratio of 68.89, a P/E/G ratio of 0.87 and a beta of 2.36. The company has a debt-to-equity ratio of 9.74, a quick ratio of 5.74 and a current ratio of 3.71. Shopify Inc. has a one year low of C$72.36 and a one year high of C$183.53.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SHOP. Mizuho boosted their target price 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. National Bankshares boosted their target price on shares of Shopify from C$100.00 to C$140.00 in a research note on Wednesday, November 13th. Finally, ATB Capital lowered shares of Shopify from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from C$120.00 to C$145.00 in a research 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.