Jeff Hoffmeister Sells 1,913 Shares of Shopify Inc. (TSE:SHOP) Stock

Key Points

• Jeff Hoffmeister, a senior officer at Shopify, sold 1,913 shares at an average price of C$176.24, amounting to a total of C$337,139.35.
• Shopify's stock price declined 1.3%, trading at C$171.97, with a market cap of C$160.16 billion.
• Analysts at ATB Capital increased their price target for Shopify from C$155.00 to C$160.00, giving the company an "outperform" rating.

Shopify Inc. (TSE:SHOP - Get Free Report) Senior Officer Jeff Hoffmeister sold 1,913 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of C$176.24, for a total value of C$337,139.35.

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

• On Monday, June 30th, Jeff Hoffmeister sold 1,923 shares of Shopify stock. The stock was sold at an average price of C$157.19, for a total transaction of C$302,274.32.
• 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 Trading Down 1.3%

Shares of Shopify stock traded down C$2.19 during midday trading on Tuesday, reaching C$171.97. 1,224,358 shares of the company's stock traded hands, compared to its average volume of 2,135,813. The stock has a 50 day moving average of C$154.00 and a 200-day moving average of C$148.70. Shopify Inc. has a 12 month low of C$72.36 and a 12 month high of C$183.53. The company has a market cap of C$160.16 billion, a PE ratio of 77.86, a price-to-earnings-growth ratio of 0.87 and a beta of 2.36. The company has a debt-to-equity ratio of 9.74, a quick ratio of 5.74 and a current ratio of 3.71.

Analyst Upgrades and Downgrades

Separately, ATB Capital upped their price objective on shares of Shopify from C$155.00 to C$160.00 and gave the company an "outperform" rating in a research note 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.

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