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 on Monday, June 9th. The shares were sold at an average price of C$149.69, for a total transaction 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 stock was sold at an average price of C$146.65, for a total value of C$53,672.73.
• On Wednesday, May 14th, Jessica Hertz sold 10,255 shares of Shopify stock. The shares were sold at an average price of C$156.30, for a total value of C$1,602,815.48.

Shopify Price Performance

SHOP traded up C$5.21 during trading on Wednesday, reaching C$156.00. 2,020,964 shares of the stock were exchanged, compared to its average volume of 2,275,216. Shopify Inc. has a 1 year low of C$72.36 and a 1 year high of C$183.53. The company has a market capitalization of C$145.28 billion, a price-to-earnings ratio of 70.63, a P/E/G ratio of 0.87 and a beta of 2.36. The business's 50 day moving average price is C$134.32 and its two-hundred day moving average price is C$148.98. The company has a debt-to-equity ratio of 9.74, a current ratio of 3.71 and a quick ratio of 5.74.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. ATB Capital increased their price objective on Shopify from C$155.00 to C$160.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Mizuho increased their price target on shares of Shopify from C$105.00 to C$110.00 and gave the company a "hold" rating in a report on Wednesday, February 12th.

Shopify Company Profile

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.