Insider Selling: Shopify Inc. (TSE:SHOP) Director Sells 173 Shares of Stock

Shopify Inc. (TSE:SHOP - Get Free Report) Director Prashanth Mahendra-Rajah sold 173 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$146.89, for a total value of C$25,412.21.

Shopify Stock Performance

Shares of TSE:SHOP traded down C$2.43 during midday trading on Wednesday, hitting C$141.71. The company's stock had a trading volume of 1,573,362 shares, compared to its average volume of 2,291,909. Shopify Inc. has a fifty-two week low of C$72.36 and a fifty-two week high of C$183.53. The stock has a market capitalization of C$131.97 billion, a price-to-earnings ratio of 64.16, a PEG ratio of 0.87 and a beta of 2.36. The stock's 50 day simple moving average is C$133.09 and its 200 day simple moving average is C$148.99. The company has a debt-to-equity ratio of 9.74, a quick ratio of 5.74 and a current ratio of 3.71.

Wall Street Analyst Weigh In

Several brokerages recently commented on SHOP. ATB Capital boosted their price target on Shopify from C$155.00 to C$160.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Mizuho increased their price target on Shopify from C$105.00 to C$110.00 and gave the company a "hold" rating in a report 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.