Shopify (TSE:SHOP) Shares Up 0.9% - What's Next?

Shares of Shopify Inc. (TSE:SHOP - Get Free Report) rose 0.9% during mid-day trading on Tuesday . The company traded as high as C$158.88 and last traded at C$157.06. Approximately 1,689,771 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 2,231,201 shares. The stock had previously closed at C$155.73.

Analyst Ratings Changes

Separately, ATB Capital lifted their price objective on Shopify from C$155.00 to C$160.00 and gave the stock an "outperform" rating in a report on Friday, May 9th.

Shopify Stock Down 0.7%

The company's 50-day moving average price is C$145.80 and its 200 day moving average price is C$147.96. The company has a debt-to-equity ratio of 9.74, a quick ratio of 5.74 and a current ratio of 3.71. The stock has a market cap of C$147.33 billion, a PE ratio of 71.62, a price-to-earnings-growth ratio of 0.87 and a beta of 2.36.

Insider Activity at Shopify

In related news, Director Prashanth Mahendra-Rajah sold 173 shares of Shopify stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$146.89, for a total transaction of C$25,412.21. Also, Senior Officer Jeff Hoffmeister sold 1,923 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of C$157.19, for a total value of C$302,274.32. Insiders sold a total of 41,104 shares of company stock valued at $6,190,880 in the last three months. Corporate insiders own 0.18% of the company's stock.

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.