Insider Selling: Shopify Inc. (TSE:SHOP) Senior Officer Sells C$8,637,893.55 in Stock

Shopify Inc. (TSE:SHOP) Senior Officer Kasra Nejatian sold 50,000 shares of the business’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 Price Performance

Shares of SHOP stock opened at C$181.92 on Friday. 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 cap of C$169.42 billion, a price-to-earnings ratio of 82.36, a P/E/G ratio of 0.87 and a beta of 2.36. The stock’s fifty day simple moving average is C$160.66 and its 200 day simple moving average is C$130.07. Shopify Inc. has a one year low of C$72.36 and a one year high of C$182.15.

Analyst Upgrades and Downgrades

SHOP has been the topic of several recent analyst reports. National Bankshares boosted their price target on Shopify from C$100.00 to C$140.00 in a research note on Wednesday, November 13th. Mizuho boosted their price target on Shopify from C$105.00 to C$110.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, ATB Capital lowered Shopify from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from C$120.00 to C$145.00 in a research note on Wednesday, November 13th.

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.