Shopify Inc. (TSE:SHOP) Senior Officer Sells C$596,516.98 in Stock

Shopify Inc. (TSE:SHOP) Senior Officer Jeff Hoffmeister sold 3,985 shares of the business’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of C$149.69, for a total value of C$596,516.98.

Jeff Hoffmeister also recently made the following trade(s):

• On Wednesday, May 28th, Jeff Hoffmeister sold 1,967 shares of Shopify stock. The stock was sold at an average price of C$146.65, for a total value of C$288,454.26.

Shopify Stock Up 1.0%

Shares of SHOP traded up C$1.44 during mid-day trading on Tuesday, hitting C$148.99. 684,177 shares of the company’s stock were exchanged, compared to its average volume of 2,268,754. 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 company has a 50-day simple moving average of C$133.62 and a 200 day simple moving average of C$148.96. The company has a market cap of C$138.75 billion, a PE ratio of 67.45, a P/E/G ratio of 0.87 and a beta of 2.36. Shopify Inc. has a 52 week low of C$72.36 and a 52 week high of C$183.53.

Analyst Ratings Changes

SHOP has been the subject of a number of analyst reports. ATB Capital increased their target price on shares of Shopify from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a report on Friday, May 9th. Mizuho upped their price objective on Shopify from C$105.00 to C$110.00 and gave the company a “hold” rating in a research note on Wednesday, February 12th.

About Shopify

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.