Insider Selling: Shopify Inc. (TSE:SHOP) Director Sells 2,442 Shares of Stock

Shopify Inc. (TSE:SHOP) Director Tobyn David Shannan sold 2,442 shares of Shopify stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$145.16, for a total transaction of C$354,478.36.

Tobyn David Shannan also recently made the following trade(s):

• On Monday, March 10th, Tobyn David Shannan sold 430 shares of Shopify stock. The stock was sold at an average price of C$135.62, for a total transaction of C$58,318.61.

Shopify Price Performance

SHOP traded down C$0.27 during trading hours on Tuesday, hitting C$145.66. The company’s stock had a trading volume of 555,237 shares, compared to its average volume of 2,291,841. The company has a current ratio of 3.71, a quick ratio of 5.74 and a debt-to-equity ratio of 9.74. The business’s 50-day moving average price is C$133.14 and its 200-day moving average price is C$149.02. The stock has a market cap of C$135.65 billion, a price-to-earnings ratio of 65.95, a P/E/G ratio of 0.87 and a beta of 2.36. Shopify Inc. has a 12 month low of C$72.36 and a 12 month high of C$183.53.

Analysts Set New Price Targets

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

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.