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

Shopify Inc. (TSE:SHOP - Get Free Report) Senior Officer Jeff Hoffmeister sold 1,967 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of C$146.65, for a total transaction of C$288,454.26.

Shopify Trading Down 3.4%

Shares of SHOP traded down C$5.01 during mid-day trading on Friday, reaching C$143.60. The company had a trading volume of 3,635,827 shares, compared to its average volume of 2,296,510. The stock has a market cap of C$133.73 billion, a price-to-earnings ratio of 65.01, a price-to-earnings-growth ratio of 0.87 and a beta of 2.36. The firm has a fifty day simple moving average of C$133.20 and a 200-day simple moving average of C$149.19. Shopify Inc. has a fifty-two week low of C$72.36 and a fifty-two week high of C$183.53. The company has a current ratio of 3.71, a quick ratio of 5.74 and a debt-to-equity ratio of 9.74.

Analysts Set New Price Targets

SHOP has been the subject of a number of recent research reports. Mizuho raised their price objective on shares of Shopify from C$105.00 to C$110.00 and gave the stock a "hold" rating in a research note on Wednesday, February 12th. ATB Capital raised their target price on shares of Shopify from C$155.00 to C$160.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th.

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.