Shopify Inc. (TSE:SHOP - Get Free Report)'s stock price shot up 21.5% during trading on Wednesday . The stock traded as high as C$214.90 and last traded at C$212.82. 4,168,139 shares traded hands during trading, an increase of 94% from the average session volume of 2,143,358 shares. The stock had previously closed at C$175.16.
Wall Street Analyst Weigh In
Separately, ATB Capital increased their price objective on Shopify from C$155.00 to C$160.00 and gave the company an "outperform" rating in a research report on Friday, May 9th.
Get Our Latest Research Report on Shopify
Shopify Trading Up 21.5%
The stock has a market cap of C$198.20 billion, a P/E ratio of 96.35, a PEG ratio of 0.87 and a beta of 2.36. The company has a debt-to-equity ratio of 9.74, a current ratio of 3.71 and a quick ratio of 5.74. The business's 50 day simple moving average is C$157.01 and its 200 day simple moving average is C$149.57.
Insider Transactions at Shopify
In other news, Director Tobyn David Shannan sold 2,442 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$145.16, for a total value of C$354,478.36. Also, Senior Officer Harley Michael Finkelstein sold 4,955 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of C$149.69, for a total transaction of C$741,716.84. 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
(
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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