Insider Selling: Shopify Inc. (TSE:SHOP) Senior Officer Sells 5,868 Shares of Stock

Shopify Inc. (TSE:SHOP - Get Free Report) Senior Officer Jessica Hertz sold 5,868 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of C$149.69, for a total value of C$878,384.35.

Jessica Hertz also recently made the following trade(s):

• On Wednesday, May 28th, Jessica Hertz sold 366 shares of Shopify stock. The shares were sold at an average price of C$146.65, for a total transaction of C$53,672.73.
• On Wednesday, May 14th, Jessica Hertz sold 10,255 shares of Shopify stock. The stock was sold at an average price of C$156.30, for a total transaction of C$1,602,815.48.

Shopify Trading Down 3.6%

Shares of Shopify stock traded down C$5.38 on Friday, reaching C$143.18. The company had a trading volume of 1,566,712 shares, compared to its average volume of 2,263,975. The firm's 50 day moving average price is C$135.97 and its two-hundred day moving average price is C$148.98. The company has a debt-to-equity ratio of 9.74, a quick ratio of 5.74 and a current ratio of 3.71. Shopify Inc. has a 52-week low of C$72.36 and a 52-week high of C$183.53. The firm has a market cap of C$133.34 billion, a PE ratio of 64.82, a PEG ratio of 0.87 and a beta of 2.36.

Wall Street Analyst Weigh In

Separately, ATB Capital upped their price objective on Shopify from C$155.00 to C$160.00 and gave the company 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.