Shopify Inc. (TSE:SHOP) Senior Officer Sells C$294,490.25 in Stock

Key Points

• Harley Michael Finkelstein, a Senior Officer at Shopify Inc., sold C$294,490.25 worth of stock on July 28th, which included 1,671 shares at an average price of C$176.24.
• Shopify's stock recently experienced a 1.3% decline, trading at C$171.97, while the company maintains a market cap of C$160.16 billion.
• ATB Capital has raised Shopify's target price from C$155.00 to C$160.00, maintaining an "outperform" rating.

Shopify Inc. (TSE:SHOP - Get Free Report) Senior Officer Harley Michael Finkelstein sold 1,671 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of C$176.24, for a total transaction of C$294,490.25.

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

• On Monday, June 30th, Harley Michael Finkelstein sold 1,680 shares of Shopify stock. The shares were sold at an average price of C$158.34, for a total value of C$266,019.16.
• On Monday, June 9th, Harley Michael Finkelstein sold 4,955 shares of Shopify stock. The stock was sold at an average price of C$149.69, for a total value of C$741,716.84.
• On Wednesday, May 28th, Harley Michael Finkelstein sold 1,720 shares of Shopify stock. The stock was sold at an average price of C$146.65, for a total value of C$252,232.50.

Shopify Stock Down 3.4%

TSE SHOP traded down C$5.74 during trading on Friday, hitting C$163.63. The company's stock had a trading volume of 2,161,818 shares, compared to its average volume of 2,131,509. The company has a debt-to-equity ratio of 9.74, a current ratio of 3.71 and a quick ratio of 5.74. The company has a market cap of C$152.39 billion, a PE ratio of 74.08, a P/E/G ratio of 0.87 and a beta of 2.36. The business's 50 day simple moving average is C$156.06 and its 200-day simple moving average is C$149.29. Shopify Inc. has a fifty-two week low of C$72.36 and a fifty-two week high of C$183.53.

Wall Street Analysts Forecast Growth

Separately, ATB Capital increased their target price on Shopify from C$155.00 to C$160.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th.

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.