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 company's stock in a transaction on Monday, July 28th. The stock was 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 shares were 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 transaction of C$252,232.50.

Shopify Stock Down 1.3%

Shares of SHOP stock traded down C$2.19 during mid-day trading on Tuesday, hitting C$171.97. 1,224,358 shares of the stock traded hands, compared to its average volume of 2,135,813. Shopify Inc. has a 52-week low of C$72.36 and a 52-week high of C$183.53. The stock has a market cap of C$160.16 billion, a P/E ratio of 77.86, 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 current ratio of 3.71 and a quick ratio of 5.74. The stock's fifty day moving average is C$154.00 and its two-hundred day moving average is C$148.70.

Wall Street Analyst Weigh In

Separately, ATB Capital boosted their target price on shares of Shopify from C$155.00 to C$160.00 and gave the company an "outperform" rating in a report 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.

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