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Shopify's stock price drops despite strong earnings, as major investor sells shares.
Shopify's stock opened lower on Friday, at $99.15, down from Thursday's close at $102.52.
Despite having a strong platform and recent earnings showing a net margin of 22.74%, the company's shares have been under pressure, with a Q4 earnings miss and a slight decrease in market value.
Analysts predict a moderate buy with a target price of $126.31 and expect EPS of 1.12 for the year.
X Square Capital LLC reduced its holdings in Shopify by 2.8%, selling 270 shares to own 9,303 shares valued at $989,000.
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El precio de las acciones de Shopify disminuye a pesar de las fuertes ganancias, ya que los principales inversores venden acciones.