Shopify Inc. (TSE:SHOP - Get Free Report) rose 21.5% during mid-day trading on Wednesday . The stock traded as high as C$214.90 and last traded at C$212.82. Approximately 4,168,139 shares changed hands during mid-day trading, an increase of 94% from the average daily volume of 2,143,358 shares. The stock had previously closed at C$175.16.
Wall Street Analyst Weigh In
SHOP has been the topic of several recent analyst reports. Royal Bank Of Canada downgraded shares of Shopify from an "outperform" rating to a "sector perform" rating and boosted their target price for the company from C$160.00 to C$220.00 in a research note on Thursday. ATB Capital boosted their target price on shares of Shopify from C$155.00 to C$160.00 and gave the company an "outperform" rating in a research note on Friday, May 9th.
Get Our Latest Analysis on SHOP
Shopify Price Performance
The stock's 50-day moving average price is C$160.73 and its 200 day moving average price is C$150.76. The firm has a market cap of C$191.68 billion, a price-to-earnings ratio of 93.18, a price-to-earnings-growth ratio of 0.87 and a beta of 2.36. The company has a quick ratio of 5.74, a current ratio of 3.71 and a debt-to-equity ratio of 9.74.
Insider Transactions at Shopify
In other news, Senior Officer Jessica Hertz sold 10,255 shares of the firm's stock in a transaction that occurred 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. Also, Director Tobyn David Shannan sold 2,442 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of C$145.16, for a total transaction of C$354,478.36. Over the last three months, insiders have sold 43,343 shares of company stock valued at $6,654,837. Corporate insiders own 0.18% of the company's stock.
About Shopify
(
Get Free Report)
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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