Tobyn David Shannan Sells 407 Shares of Shopify Inc. (TSE:SHOP) Stock

Shopify Inc. (TSE:SHOP - Get Free Report) Director Tobyn David Shannan sold 407 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of C$149.69, for a total value of C$60,924.07.

Tobyn David Shannan also recently made the following trade(s):

• On Monday, June 2nd, Tobyn David Shannan sold 2,442 shares of Shopify stock. The shares were sold at an average price of C$145.16, for a total value of C$354,478.36.

Shopify Stock Performance

Shopify stock traded down C$5.38 during mid-day trading on Friday, hitting C$143.18. 1,566,712 shares of the company's stock traded hands, compared to its average volume of 2,263,975. The company has a debt-to-equity ratio of 9.74, a current ratio of 3.71 and a quick ratio of 5.74. The firm has a 50 day simple moving average of C$135.97 and a two-hundred day simple moving average of C$148.98. Shopify Inc. has a fifty-two week low of C$72.36 and a fifty-two week high of C$183.53. The stock has a market cap of C$133.34 billion, a price-to-earnings ratio of 64.82, a P/E/G ratio of 0.87 and a beta of 2.36.

Wall Street Analysts Forecast Growth

Separately, ATB Capital boosted their target price on shares of 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.