Insider Selling: Shopify Inc. (TSE:SHOP) Senior Officer Sells 5,224 Shares of Stock

Shopify Inc. (TSE:SHOP) Senior Officer Harley Michael Finkelstein sold 5,224 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of C$62.22, for a total transaction of C$325,033.10.

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

• On Tuesday, May 28th, Harley Michael Finkelstein sold 429 shares of Shopify stock. The stock was sold at an average price of C$56.71, for a total transaction of C$24,330.69.
• On Friday, May 24th, Harley Michael Finkelstein sold 3,294 shares of Shopify stock. The stock was sold at an average price of C$57.19, for a total transaction of C$188,396.71.
• On Monday, April 29th, Harley Michael Finkelstein sold 424 shares of Shopify stock. The stock was sold at an average price of C$71.84, for a total transaction of C$30,460.84.
• On Monday, March 18th, Harley Michael Finkelstein sold 165 shares of Shopify stock. The stock was sold at an average price of C$76.97, for a total transaction of C$12,700.35.

Shopify Price Performance

Shares of SHOP traded up C$0.96 during mid-day trading on Tuesday, hitting C$87.78. 120,431 shares of the company traded hands, compared to its average volume of 2,622,391. Shopify Inc. has a one year low of C$63.16 and a one year high of C$123.20. The company has a current ratio of 7.14, a quick ratio of 5.74 and a debt-to-equity ratio of 12.87. The business has a 50-day moving average of C$90.52 and a 200 day moving average of C$99.83. The stock has a market capitalization of C$106.21 billion, a price-to-earnings ratio of -394.64, a PEG ratio of 1.09 and a beta of 2.20.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their price target 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.

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.