Shopify Inc. (TSE:SHOP) Senior Officer Sells C$337,139.35 in 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 stock in a transaction on Monday, July 28th. The stock was sold at an average price of C$176.24, for a total transaction 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 shares were 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 shares were sold at an average price of C$149.69, for a total transaction 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 transaction of C$288,454.26.

Shopify Price Performance

Shares of SHOP stock traded down C$5.74 during trading hours on Friday, hitting C$163.63. 2,161,818 shares of the company's stock were exchanged, compared to its average volume of 2,131,509. The company has a market capitalization of C$152.39 billion, a PE ratio of 74.08, a PEG ratio of 0.87 and a beta of 2.36. Shopify Inc. has a 12-month low of C$72.36 and a 12-month high of C$183.53. The business's 50 day simple moving average is C$156.06 and its 200-day simple moving average is C$149.29. 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

Separately, ATB Capital increased 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 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.