The Vice-President & Associate General Counsel of Shopify is Exercising Options

Yesterday it was reported that the Vice-President & Associate General Counsel of Shopify (SHOPResearch Report), Erin Zipes, exercised options to sell 99 SHOP shares for a total transaction value of $146.5K.

Following Erin Zipes’ last SHOP Sell transaction on June 24, 2021, the stock climbed by 164.3%. In addition to Erin Zipes, 9 other SHOP executives reported Sell trades in the last month.

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Based on Shopify’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $989 million and quarterly net profit of $1.26 billion. In comparison, last year the company earned revenue of $470 million and had a GAAP net loss of $31.43 million. The company has a one-year high of $1650.00 and a one-year low of $839.40. The Company has a Price to Book ratio of 22.80.

Based on 20 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $1609.44, reflecting a -0.1% downside. One of the top 25 analysts, according to, recently recommended Hold SHOP.

The insider sentiment on Shopify has been negative according to 420 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.