Insider Selling: Shopify Inc. (TSE:SHOP) Senior Officer Sells 424 Shares of Stock

Shopify Inc. (TSE:SHOP - Get Free Report) Senior Officer Harley Michael Finkelstein sold 424 shares of the business's stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of C$71.84, for a total value of C$30,460.84.

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

• On Monday, March 18th, Harley Michael Finkelstein sold 165 shares of Shopify stock. The shares were sold at an average price of C$76.97, for a total transaction of C$12,700.35.
• On Monday, March 11th, Harley Michael Finkelstein sold 5,353 shares of Shopify stock. The stock was sold at an average price of C$74.90, for a total transaction of C$400,943.98.
• On Monday, March 4th, Harley Michael Finkelstein sold 1,198 shares of Shopify stock. The shares were sold at an average price of C$74.39, for a total value of C$89,119.22.
• On Monday, February 26th, Harley Michael Finkelstein sold 3,256 shares of Shopify stock. The shares were sold at an average price of C$77.02, for a total value of C$250,767.35.

Shopify Stock Down 2.4 %

SHOP stock traded down C$2.38 during midday trading on Tuesday, hitting C$96.65. 3,449,262 shares of the company's stock were exchanged, compared to its average volume of 2,590,800. The stock has a market capitalization of C$116.95 billion, a price-to-earnings ratio of 690.36, a price-to-earnings-growth ratio of 1.09 and a beta of 2.20. The company has a current ratio of 6.99, a quick ratio of 5.74 and a debt-to-equity ratio of 12.69. The firm has a 50 day moving average price of C$101.85 and a 200-day moving average price of C$98.90. Shopify Inc. has a 12-month low of C$62.80 and a 12-month high of C$123.20.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lifted their price objective on shares of Shopify from C$86.00 to C$90.00 and gave the company a "buy" rating in a research note 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.