Shopify Inc. (TSE:SHOP - Get Free Report) Senior Officer Jessica Hertz sold 26,672 shares of the company's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of C$150.33, for a total value of C$4,009,702.63.
Shopify Stock Down 4.8 %
SHOP stock traded down C$7.77 during trading hours on Thursday, reaching C$153.43. 2,629,590 shares of the stock were exchanged, compared to its average volume of 2,647,233. The firm's 50-day moving average is C$110.29 and its 200-day moving average is C$96.60. The company has a market cap of C$185.65 billion, a price-to-earnings ratio of 113.75, a PEG ratio of 0.87 and a beta of 2.36. The company has a debt-to-equity ratio of 12.40, a current ratio of 7.32 and a quick ratio of 5.74. Shopify Inc. has a 12 month low of C$72.36 and a 12 month high of C$161.86.
Analysts Set New Price Targets
SHOP has been the subject of several recent research reports. National Bankshares upped their target price on shares of Shopify from C$100.00 to C$140.00 in a research report on Wednesday. ATB Capital cut shares of Shopify from an "outperform" rating to a "sector perform" rating and upped their price objective for the company from C$120.00 to C$145.00 in a research report on Wednesday.
Check Out Our Latest Analysis on Shopify
About Shopify
(
Get Free Report)
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.
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