Insider Selling: Shopify Inc. (TSE:SHOP) Senior Officer Sells 3,319 Shares of Stock

Shopify Inc. (TSE:SHOP) Senior Officer Harley Michael Finkelstein sold 3,319 shares of Shopify stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$75.63, for a total transaction of C$251,027.59.

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

• On Wednesday, August 28th, Harley Michael Finkelstein sold 440 shares of Shopify stock. The stock was sold at an average price of C$98.06, for a total transaction of C$43,145.49.
• On Monday, July 29th, Harley Michael Finkelstein sold 424 shares of Shopify stock. The stock was sold at an average price of C$60.22, for a total transaction of C$25,533.75.
• On Friday, June 28th, Harley Michael Finkelstein sold 425 shares of Shopify stock. The stock was sold at an average price of C$67.01, for a total transaction of C$28,479.08.
• On Monday, June 10th, Harley Michael Finkelstein sold 5,224 shares of Shopify stock. The stock was sold at an average price of C$62.22, for a total transaction of C$325,033.10.

Shopify Trading Down 2.4 %

Shares of SHOP stock opened at C$97.76 on Thursday. The company’s 50-day moving average price is C$90.42 and its 200-day moving average price is C$94.23. The company has a current ratio of 7.32, a quick ratio of 5.74 and a debt-to-equity ratio of 12.40. The stock has a market cap of C$118.29 billion, a price-to-earnings ratio of 72.96, a PEG ratio of 1.12 and a beta of 2.29. Shopify Inc. has a twelve month low of C$63.16 and a twelve month high of C$123.20.

Wall Street Analysts Forecast Growth

Separately, ATB Capital lifted their target price on shares of Shopify from C$115.00 to C$120.00 in a research note on Thursday, August 8th.

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.