Shopify Inc. (TSE:SHOP) Director Tobyn David Shannan Sells 430 Shares

Shopify Inc. (TSE:SHOP) Director Tobyn David Shannan sold 430 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of C$135.62, for a total transaction of C$58,318.61.

Shopify Stock Performance

Shares of Shopify stock traded up C$2.28 on Tuesday, reaching C$136.21. 193,418 shares of the company traded hands, compared to its average volume of 2,008,340. 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 firm has a market capitalization of C$126.85 billion, a PE ratio of 61.67, a PEG ratio of 0.87 and a beta of 2.36. The company has a 50 day moving average of C$160.76 and a 200 day moving average of C$138.39. Shopify Inc. has a 52 week low of C$72.36 and a 52 week high of C$183.53.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SHOP shares. ATB Capital cut shares of Shopify from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from C$120.00 to C$145.00 in a research report on Wednesday, November 13th. National Bankshares boosted their price objective on Shopify from C$100.00 to C$140.00 in a research report on Wednesday, November 13th. Finally, Mizuho raised their target price on Shopify from C$105.00 to C$110.00 and gave the company a “hold” rating in a research report 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.