Insider Selling: Shopify Inc. (TSE:SHOP) Senior Officer Sells 1,967 Shares of Stock

Shopify Inc. (TSE:SHOP) Senior Officer Jeff Hoffmeister sold 1,967 shares of the company’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of C$146.65, for a total value of C$288,454.26.

Shopify Stock Up 0.2%

Shares of Shopify stock opened at C$148.61 on Friday. The company has a market capitalization of C$138.40 billion, a P/E ratio of 67.28, a price-to-earnings-growth ratio of 0.87 and a beta of 2.36. The company has a debt-to-equity ratio of 9.74, a current ratio of 3.71 and a quick ratio of 5.74. The business has a 50-day moving average of C$133.46 and a two-hundred day moving average of C$149.25. Shopify Inc. has a 1 year low of C$72.36 and a 1 year high of C$183.53.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SHOP. ATB Capital boosted their price objective on shares of Shopify from C$155.00 to C$160.00 and gave the company an “outperform” rating in a report on Friday, May 9th. Mizuho boosted their price target on shares of Shopify from C$105.00 to C$110.00 and gave the company a “hold” rating in a report on Wednesday, February 12th.

Shopify Company Profile

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.