Harley Michael Finkelstein Acquires 2,959 Shares of Shopify Inc. (TSE:SHOP) Stock

Shopify Inc. (TSE:SHOPGet Rating) Senior Officer Harley Michael Finkelstein purchased 2,959 shares of the firm’s stock in a transaction on Tuesday, May 10th. The stock was bought at an average cost of C$439.21 per share, with a total value of C$1,299,636.06. Following the completion of the acquisition, the insider now directly owns 3,053 shares of the company’s stock, valued at approximately C$1,340,922.23.

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

  • On Friday, February 25th, Harley Michael Finkelstein sold 510 shares of Shopify stock. The shares were sold at an average price of C$844.25, for a total value of C$430,568.93.

Shares of SHOP opened at C$519.73 on Friday. The company has a debt-to-equity ratio of 10.54, a quick ratio of 11.37 and a current ratio of 12.15. Shopify Inc. has a one year low of C$402.00 and a one year high of C$2,228.73. The stock has a market capitalization of C$65.56 billion and a price-to-earnings ratio of 17.68. The stock has a 50 day moving average price of C$709.59 and a 200 day moving average price of C$1,234.97.

Several brokerages have recently weighed in on SHOP. Veritas Investment Research reaffirmed a “sell” rating on shares of Shopify in a research note on Thursday, May 5th. Deutsche Bank Aktiengesellschaft reduced their target price on Shopify from C$1,650.00 to C$1,400.00 and set a “hold” rating for the company in a research note on Thursday, January 20th. Zacks Investment Research reaffirmed a “hold” rating on shares of Shopify in a research note on Thursday, March 17th. Finally, Royal Bank of Canada reduced their target price on Shopify to C$1,840.00 and set an “outperform” rating for the company in a research note on Monday, February 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Shopify has a consensus rating of “Hold” and a consensus price target of C$2,068.00.

Shopify Company Profile (Get Rating)

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, 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.

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