Harley Michael Finkelstein Sells 1,711 Shares of Shopify Inc. (TSE:SHOP) Stock

Shopify Inc. (TSE:SHOP) Senior Officer Harley Michael Finkelstein sold 1,711 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of C$158.03, for a total transaction of C$270,390.18.

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

• On Monday, February 24th, Harley Michael Finkelstein sold 3,104 shares of Shopify stock. The shares were sold at an average price of C$158.59, for a total transaction of C$492,263.81.
• On Tuesday, January 28th, Harley Michael Finkelstein sold 394 shares of Shopify stock. The shares were 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 transaction of C$807,961.18.

Shopify Trading Down 4.7 %

TSE SHOP opened at C$147.24 on Wednesday. The firm’s 50-day moving average is C$161.79 and its two-hundred day moving average is C$137.21. Shopify Inc. has a 12 month low of C$72.36 and a 12 month high of C$183.53. 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$137.12 billion, a P/E ratio of 66.66, a PEG ratio of 0.87 and a beta of 2.36.

Analyst Upgrades and Downgrades

SHOP has been the topic of a number of recent analyst reports. Mizuho upped their target price on shares of Shopify from C$105.00 to C$110.00 and gave the company a “hold” rating in a research report on Wednesday, February 12th. ATB Capital cut shares of Shopify from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$120.00 to C$145.00 in a research report on Wednesday, November 13th. Finally, National Bankshares upped their target price on shares of Shopify from C$100.00 to C$140.00 in a research report 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.