Shopify Inc. (TSE:SHOP - Get Free Report)'s stock price was up 21.5% on Thursday . The company traded as high as C$214.90 and last traded at C$212.82. Approximately 4,168,139 shares traded 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 Analysts Forecast Growth
Separately, ATB Capital lifted their price objective on shares of Shopify from C$155.00 to C$160.00 and gave the company an "outperform" rating in a report on Friday, May 9th.
Check Out Our Latest Report on Shopify
Shopify Price Performance
The company has a market cap of C$198.20 billion, a PE ratio of 96.35, 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. The firm has a 50 day simple moving average of C$158.31 and a 200-day simple moving average of C$150.01.
Insider Activity at Shopify
In other news, Senior Officer Jeff Hoffmeister sold 3,985 shares of the business's stock in a transaction 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 firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of C$156.30, for a total transaction of C$1,602,815.48. Insiders sold a total of 43,343 shares of company stock worth $6,654,837 over the last ninety days. 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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