Shopify Inc. (TSE:SHOP) Senior Officer Harley Michael Finkelstein Sells 3,104 Shares

Shopify Inc. (TSE:SHOP) Senior Officer Harley Michael Finkelstein sold 3,104 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of C$158.59, for a total value of C$492,263.81.

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

• 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 Trading Up 2.4 %

TSE SHOP opened at C$162.54 on Thursday. Shopify Inc. has a 12 month low of C$72.36 and a 12 month high of C$183.53. The company has a current ratio of 3.71, a quick ratio of 5.74 and a debt-to-equity ratio of 9.74. The stock’s fifty day moving average price is C$161.86 and its 200-day moving average price is C$135.33. The stock has a market cap of C$151.37 billion, a P/E ratio of 73.59, a P/E/G ratio of 0.87 and a beta of 2.36.

Wall Street Analysts Forecast Growth

SHOP has been the subject of several research reports. Mizuho increased their price target on shares of Shopify from C$105.00 to C$110.00 and gave the stock a “hold” rating in a research note on Wednesday, February 12th. ATB Capital cut shares of Shopify from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from C$120.00 to C$145.00 in a report on Wednesday, November 13th. Finally, National Bankshares lifted their target price on shares of Shopify from C$100.00 to C$140.00 in a report on Wednesday, November 13th.

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.