Insider Selling: Shopify Inc. (TSE:SHOP) Senior Officer Sells C$4,009,702.63 in Stock

Shopify Inc. (TSE:SHOP) Senior Officer Jessica Hertz sold 26,672 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of C$150.33, for a total transaction of C$4,009,702.63.

Shopify Stock Down 0.4 %

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

Wall Street Analysts Forecast Growth

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