Shopify Inc. (TSE:SHOP - Get Free Report)'s share price rose 19.5% during trading on Wednesday . The company traded as high as C$214.90 and last traded at C$209.32. Approximately 1,436,196 shares changed hands during trading, a decline of 32% from the average daily volume of 2,120,983 shares. The stock had previously closed at C$175.16.
Analyst Ratings Changes
Separately, ATB Capital boosted 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.
Read Our Latest Analysis on Shopify
Shopify Stock Up 20.3%
The business has a 50-day simple moving average of C$157.01 and a two-hundred day simple moving average of C$149.57. The company has a quick ratio of 5.74, a current ratio of 3.71 and a debt-to-equity ratio of 9.74. The stock has a market capitalization of C$196.22 billion, a P/E ratio of 95.39, a PEG ratio of 0.87 and a beta of 2.36.
Insider Buying and Selling at Shopify
In other news, Senior Officer Jeff Hoffmeister sold 3,985 shares of Shopify stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of C$149.69, for a total transaction of C$596,516.98. Also, Senior Officer Jessica Hertz sold 10,255 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of C$156.30, for a total transaction of C$1,602,815.48. Insiders sold 43,343 shares of company stock valued at $6,654,837 over the last 90 days. Insiders own 0.18% of the company's stock.
Shopify Company Profile
(
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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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