Jeff Hoffmeister Sells 1,923 Shares of Shopify Inc. (TSE:SHOP) Stock

Shopify Inc. (TSE:SHOP - Get Free Report) Senior Officer Jeff Hoffmeister sold 1,923 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of C$157.19, for a total transaction of C$302,274.32.

Jeff Hoffmeister also recently made the following trade(s):

• On Monday, June 9th, Jeff Hoffmeister sold 3,985 shares of Shopify stock. The stock was sold at an average price of C$149.69, for a total value of C$596,516.98.
• On Wednesday, May 28th, Jeff Hoffmeister sold 1,967 shares of Shopify stock. The shares were sold at an average price of C$146.65, for a total value of C$288,454.26.

Shopify Stock Up 2.1%

Shares of TSE SHOP traded up C$3.33 during midday trading on Thursday, hitting C$159.29. The stock had a trading volume of 1,196,043 shares, compared to its average volume of 2,221,875. The business's 50 day moving average is C$145.25 and its 200-day moving average is C$148.00. Shopify Inc. has a 52 week low of C$72.36 and a 52 week high of C$183.53. The company has a quick ratio of 5.74, a current ratio of 3.71 and a debt-to-equity ratio of 9.74. The company has a market cap of C$148.35 billion, a P/E ratio of 72.12, a PEG ratio of 0.87 and a beta of 2.36.

Analyst Ratings Changes

Separately, ATB Capital raised their price target on 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.