Today it was reported that the Chairman & Chief Executive Officer of Shopify (SHOP – Research Report), Tobias Albin Lütke, exercised options to sell 4,960 SHOP shares for a total transaction value of $7.29M.
In addition to Tobias Albin Lütke, 12 other SHOP executives reported Sell trades in the last month. Over the last month, Tobias Albin Lütke has reported another 5 Sell trades on SHOP for a total of $21.3M.
Based on Shopify’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.12 billion and quarterly net profit of $879 million. In comparison, last year the company earned revenue of $714 million and had a net profit of $36 million. The company has a one-year high of $1650.00 and a one-year low of $839.40. Currently, Shopify has an average volume of 393.96K.
Based on 26 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $1734.74, reflecting a -16.1% downside.
The insider sentiment on Shopify has been negative according to 404 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Founded in 2004, Canada-based Shopify, Inc. operates a cloud-based commerce platform designed for small and medium-sized businesses. Its software is used by merchants to run business across all sales channels, including web, tablet and mobile storefronts, social media storefronts, and brick-and-mortar and pop-up shops.