Harley Michael Finkelstein Sells 3,104 Shares of Shopify Inc. (TSE:SHOP) Stock

Shopify Inc. (TSE:SHOP) Senior Officer Harley Michael Finkelstein sold 3,104 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of C$158.59, for a total value of C$492,263.81.

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

• On Tuesday, January 28th, Harley Michael Finkelstein sold 394 shares of Shopify stock. The stock was sold at an average price of C$160.56, for a total transaction of C$63,261.55.
• On Monday, December 9th, Harley Michael Finkelstein sold 4,951 shares of Shopify stock. The shares were sold at an average price of C$163.19, for a total value of C$807,961.18.

Shopify Stock Down 4.2 %

Shopify stock traded down C$6.95 during midday trading on Tuesday, reaching C$157.68. The company’s stock had a trading volume of 1,265,935 shares, compared to its average volume of 1,866,975. 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 has a market capitalization of C$146.85 billion, a P/E ratio of 71.39, a PEG ratio of 0.87 and a beta of 2.36. The stock’s 50-day simple moving average is C$162.02 and its 200-day simple moving average is C$134.69. Shopify Inc. has a 52-week low of C$72.36 and a 52-week high of C$183.53.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. ATB Capital cut shares of Shopify from an “outperform” rating to a “sector perform” rating and raised their price target for the company from C$120.00 to C$145.00 in a report on Wednesday, November 13th. National Bankshares increased their target price on shares of Shopify from C$100.00 to C$140.00 in a research report on Wednesday, November 13th. Finally, Mizuho lifted their price target on shares of Shopify from C$105.00 to C$110.00 and gave the stock a “hold” rating in a report on Wednesday, February 12th.

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.