Shopify Inc. (TSE:SHOP) Director Sells C$60,924.07 in Stock

Shopify Inc. (TSE:SHOP) Director Tobyn David Shannan sold 407 shares of Shopify stock in a transaction on Monday, June 9th. The shares were sold at an average price of C$149.69, for a total value of C$60,924.07.

Tobyn David Shannan also recently made the following trade(s):

• On Monday, June 2nd, Tobyn David Shannan sold 2,442 shares of Shopify stock. The stock was sold at an average price of C$145.16, for a total transaction of C$354,478.36.

Shopify Price Performance

Shares of TSE SHOP traded up C$1.44 during midday trading on Tuesday, hitting C$148.99. The company had a trading volume of 684,177 shares, compared to its average volume of 2,268,754. The business has a 50-day simple moving average of C$133.62 and a two-hundred day simple moving average of C$148.96. Shopify Inc. has a twelve month low of C$72.36 and a twelve month high of C$183.53. The firm has a market capitalization of C$138.75 billion, a price-to-earnings ratio of 67.45, 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.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Mizuho boosted their price objective on Shopify from C$105.00 to C$110.00 and gave the stock a “hold” rating in a research note on Wednesday, February 12th. ATB Capital lifted their price target on shares of Shopify from C$155.00 to C$160.00 and gave the company an “outperform” rating in a research report on Friday, May 9th.

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.