Insider Selling: Shopify Inc. (TSE:SHOP) Senior Officer Sells 50,000 Shares of Stock

Shopify Inc. (TSE:SHOP - Get Free Report) Senior Officer Kasra Nejatian sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of C$172.76, for a total value of C$8,637,893.55.

Shopify Stock Performance

Shares of TSE SHOP traded up C$0.90 during midday trading on Monday, hitting C$181.92. 1,739,423 shares of the company's stock traded hands, compared to its average volume of 1,845,025. The firm has a fifty day moving average of C$160.66 and a 200 day moving average of C$130.73. Shopify Inc. has a 1 year low of C$72.36 and a 1 year high of C$182.15. The company has a debt-to-equity ratio of 9.74, a quick ratio of 5.74 and a current ratio of 3.71. The stock has a market capitalization of C$169.42 billion, a price-to-earnings ratio of 82.36, a price-to-earnings-growth ratio of 0.87 and a beta of 2.36.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SHOP. ATB Capital downgraded shares of Shopify from an "outperform" rating to a "sector perform" rating and raised their price target for the company from C$120.00 to C$145.00 in a report on Wednesday, November 13th. National Bankshares raised their target price on shares of Shopify from C$100.00 to C$140.00 in a report on Wednesday, November 13th. Finally, Mizuho boosted their target price on shares of 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.