Shopify Inc. (TSE:SHOP) Director Sells C$303,631.60 in Stock

Shopify Inc. (TSE:SHOP) Director Colleen Johnston sold 2,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$151.82, for a total transaction of C$303,631.60.

Shopify Stock Performance

Shares of SHOP stock opened at C$152.87 on Friday. Shopify Inc. has a 52 week low of C$72.36 and a 52 week high of C$161.86. The firm’s 50-day simple moving average is C$112.70 and its two-hundred day simple moving average is C$97.37. The firm has a market cap of C$184.97 billion, a price-to-earnings ratio of 111.58, a P/E/G ratio of 0.87 and a beta of 2.36. The company has a debt-to-equity ratio of 12.40, a quick ratio of 5.74 and a current ratio of 7.32.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. ATB Capital lowered Shopify from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$120.00 to C$145.00 in a report on Wednesday. National Bankshares boosted their price objective on Shopify from C$100.00 to C$140.00 in a research report on Wednesday.

Shopify Company Profile

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, 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.