Insider Selling: Shopify Inc. (TSE:SHOP) Director Sells 2,800 Shares of Stock

Shopify Inc. (TSE:SHOP - Get Free Report) Director Robert Gerard Ashe sold 2,800 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of C$145.16, for a total value of C$406,445.30.

Shopify Stock Up 6.3%

Shares of Shopify stock traded up C$9.05 on Friday, hitting C$152.58. 2,014,958 shares of the company's stock traded hands, compared to its average volume of 2,282,564. The stock has a market cap of C$142.10 billion, a P/E ratio of 69.08, a PEG 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. The firm's 50-day moving average is C$133.55 and its 200 day moving average is C$148.95. Shopify Inc. has a 52-week low of C$72.36 and a 52-week high of C$183.53.

Analyst Upgrades and Downgrades

SHOP has been the subject of a number of analyst reports. Mizuho upped their price target on 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 upped their price target on Shopify from C$155.00 to C$160.00 and gave the stock an "outperform" rating in a 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.