Shopify Inc. (TSE:SHOP - Get Free Report)'s stock price traded up 19.5% during trading on Wednesday . The company traded as high as C$214.90 and last traded at C$209.32. 1,436,196 shares were traded during mid-day trading, a decline of 32% from the average session volume of 2,120,983 shares. The stock had previously closed at C$175.16.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on SHOP shares. ATB Capital boosted their price target on shares of Shopify from C$155.00 to C$160.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Royal Bank Of Canada cut shares of Shopify from an "outperform" rating to a "sector perform" rating and increased their price target for the stock from C$160.00 to C$220.00 in a report on Thursday.
Get Our Latest Analysis on SHOP
Shopify Stock Performance
The stock's 50-day moving average price is C$160.73 and its 200-day moving average price is C$150.75. The company has a current ratio of 3.71, a quick ratio of 5.74 and a debt-to-equity ratio of 9.74. The company has a market capitalization of C$191.68 billion, a P/E ratio of 93.18, a P/E/G ratio of 0.87 and a beta of 2.36.
Insider Buying and Selling
In other news, Senior Officer Jeff Hoffmeister sold 3,985 shares of the firm'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$596,516.98. Also, Director Robert Gerard Ashe sold 2,800 shares of Shopify stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$145.16, for a total transaction of C$406,445.30. In the last 90 days, insiders sold 43,343 shares of company stock worth $6,654,837. Company insiders own 0.18% of the company's stock.
About Shopify
(
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Shopify is the leading global commerce company that provides essential internet infrastructure for commerce, offering trusted tools to start, scale, market, and run a retail business of any size. Shopify makes commerce better for everyone with a platform and services that are engineered for speed, customization, reliability, and security, while delivering a better shopping experience for consumers online, in store, and everywhere in between.
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