Shopify Inc. (TSE:SHOP) Director Sells C$50,383.75 in Stock

Shopify Inc. (TSE:SHOP - Get Free Report) Director Lulu Cheng Meservey sold 343 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of C$146.89, for a total transaction of C$50,383.75.

Shopify Trading Down 1.7%

Shares of SHOP traded down C$2.43 during trading hours on Wednesday, reaching C$141.71. 1,573,362 shares of the company traded hands, compared to its average volume of 2,291,909. The company's fifty day moving average price is C$133.09 and its two-hundred day moving average price is C$148.99. The company has a market capitalization of C$131.97 billion, a price-to-earnings ratio of 64.16, a price-to-earnings-growth ratio of 0.87 and a beta of 2.36. The company has a quick ratio of 5.74, a current ratio of 3.71 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$183.53.

Wall Street Analysts Forecast Growth

SHOP has been the topic of a number of research analyst reports. Mizuho increased their price target on shares of Shopify from C$105.00 to C$110.00 and gave the stock a "hold" rating in a report on Wednesday, February 12th. ATB Capital increased their target price 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.

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.