Shopify Inc. (TSE:SHOP - Get Free Report) was up 21.5% on Thursday . The stock traded as high as C$214.90 and last traded at C$212.82. Approximately 4,168,139 shares traded hands during trading, an increase of 94% from the average daily volume of 2,143,358 shares. The stock had previously closed at C$175.16.
Analyst Ratings Changes
Several equities analysts have commented on the company. Royal Bank Of Canada downgraded Shopify from an "outperform" rating to a "sector perform" rating and upped their price objective for the company from C$160.00 to C$220.00 in a research report on Thursday. ATB Capital upped their price objective on Shopify from C$155.00 to C$160.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th.
Check Out Our Latest Stock Report on Shopify
Shopify Stock Performance
The stock has a 50-day moving average of C$160.73 and a 200 day moving average of C$150.75. 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 cap of C$191.46 billion, a PE ratio of 93.07, a P/E/G ratio of 0.87 and a beta of 2.36.
Insider Transactions at Shopify
In related news, Senior Officer Jessica Hertz sold 355 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of C$176.24, for a total value of C$62,563.76. Also, Senior Officer Harley Michael Finkelstein sold 1,671 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of C$176.24, for a total value of C$294,490.25. Insiders sold a total of 43,343 shares of company stock valued at $6,654,837 over the last quarter. 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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