Shopify executives go public with plans to buy shares [Toronto Globe and Mail (Ontario, Canada)]
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
Last shopify inc. class a subordinate voting shares earnings: 2/12 07:00 am
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Source: Toronto Globe and Mail
Executives at Shopify Inc. SHOP-T say the company’s beaten-up shares are a buy, and they’re putting their money where their mouth is. In a series of tweets on Wednesday, several Shopify executives said they are purchasing shares to show their confidence in the company. They characterized the company’s sinking stock price as a case of market rotation, as investors are fleeing tech stocks. Founder and chief executive officer Tobias Lutke stated that he placed an order for US$10-million in Shopify stock. “It’s time to build,” he tweeted. Wednesday’s tweets are a rare occurrence for Shopify, and signal a distinct shift in the tone of communication from its leaders. The Ottawa-based e-commerce company has maintained a culture of not commenting on market activity. It was previously a matter of pride when Shopify executives would not talk publicly about its then soaring shares . Kaz Nejatian, vice-president of merchant services at Shopify, said he talked to his team “for the first time ever”
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SHOP
Earnings
- 2/13/24 - Beat
SHOP
Sec Filings
- 3/22/24 - Form 144
- 3/22/24 - Form 144
- 3/22/24 - Form 144
- SHOP's page on the SEC website