Kasra Nejatian Sells 50,000 Shares of Shopify Inc. (TSE:SHOP) Stock

Shopify Inc. (TSE:SHOP) Senior Officer Kasra Nejatian sold 50,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of C$172.76, for a total value of C$8,637,893.55.

Shopify Trading Up 0.5 %

TSE SHOP opened at C$181.92 on Friday. The stock has a 50-day simple moving average of C$160.66 and a 200 day simple moving average of C$130.07. The company has a market capitalization of C$169.42 billion, a PE ratio of 82.36, a P/E/G ratio of 0.87 and a beta of 2.36. The company has a current ratio of 3.71, a quick ratio of 5.74 and a debt-to-equity ratio of 9.74. Shopify Inc. has a 12 month low of C$72.36 and a 12 month high of C$182.15.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SHOP. ATB Capital downgraded Shopify from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from C$120.00 to C$145.00 in a research report on Wednesday, November 13th. National Bankshares boosted their target price on Shopify from C$100.00 to C$140.00 in a research report on Wednesday, November 13th. Finally, Mizuho boosted their target price on Shopify from C$105.00 to C$110.00 and gave the stock a “hold” rating in a research report on Wednesday.

About Shopify

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.