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 business’s stock in a transaction dated Monday, February 24th. The shares were 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 value 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 Price Performance

SHOP opened at C$162.54 on Thursday. The stock’s 50 day moving average price is C$161.86 and its 200-day moving average price is C$135.33. 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 capitalization of C$151.37 billion, a PE ratio of 73.59, a price-to-earnings-growth ratio of 0.87 and a beta of 2.36. The company has a debt-to-equity ratio of 9.74, a quick ratio of 5.74 and a current ratio of 3.71.

Analysts Set New Price Targets

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

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.