Insider Selling: Shopify Inc (SHOP) Insider Sells 560 Shares of Stock

Shopify Inc (TSE:SHOP) insider Jean-Michel Lemieux sold 560 shares of the stock in a transaction on Monday, June 5th. The shares were sold at an average price of C$97.18, for a total transaction of C$54,420.80.

Shopify Inc (TSE SHOP) traded up 1.19% during trading on Friday, reaching $114.92. 3,898,574 shares of the company’s stock traded hands. The company’s market capitalization is $10.51 billion. The firm’s 50 day moving average is $121.65 and its 200-day moving average is $87.03. Shopify Inc has a 12 month low of $34.45 and a 12 month high of $135.42.

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A number of research analysts have commented on the stock. Summit Redstone increased their price objective on shares of Shopify from C$48.00 to C$69.00 and gave the company a “buy” rating in a research note on Thursday, February 16th. Susquehanna Bancshares Inc raised their price target on shares of Shopify from C$48.00 to C$69.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. National Bank Financial set a C$80.00 price target on shares of Shopify and gave the stock an “outperform” rating in a research report on Thursday, March 2nd. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Shopify from a “buy” rating to a “neutral” rating and set a C$125.12 price target on the stock. in a research report on Tuesday.

About Shopify

Shopify Inc (Shopify) provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The Company offers subscription solutions and merchant solutions. The Company’s software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts and marketplaces.

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