Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping and fulfillment, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.
Shopify Stock Up 0.7 %
TSE:SHOP traded up C$0.34 on Friday, reaching C$52.00. 2,660,278 shares of the stock traded hands, compared to its average volume of 3,370,452. The company has a market capitalization of C$65.96 billion and a price-to-earnings ratio of 305.88. The company has a current ratio of 11.17, a quick ratio of 10.25 and a debt-to-equity ratio of 13.68. Shopify has a 12 month low of C$38.63 and a 12 month high of C$222.87. The company's fifty day simple moving average is C$181.20 and its 200 day simple moving average is C$555.21.
Wall Street Analysts Forecast Growth
Separately, Veritas Investment Research reiterated a "sell" rating on shares of Shopify in a research note on Thursday, May 5th.
Insider Buying and Selling at Shopify
In other Shopify news, Senior Officer Harley Michael Finkelstein sold 356 shares of the firm's stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of C$431.22, for a total transaction of C$153,514.04. Following the completion of the sale, the insider now directly owns 3,296 shares in the company, valued at approximately C$1,421,298.48. In other news, Director Robert Gerard Ashe sold 158 shares of the firm's stock in a transaction dated Monday, May 16th. The shares were sold at an average price of C$469.53, for a total transaction of C$74,186.37. Following the sale, the director now owns 9,873 shares of the company's stock, valued at approximately C$4,635,709.18. Also, Senior Officer Harley Michael Finkelstein sold 356 shares of the firm's stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of C$431.22, for a total transaction of C$153,514.04. Following the sale, the insider now directly owns 3,296 shares in the company, valued at approximately C$1,421,298.48. In the last ninety days, insiders sold 742 shares of company stock worth $341,732.