Colleen Johnston Sells 2,000 Shares of Shopify Inc. (TSE:SHOP) Stock

Shopify Inc. (TSE:SHOP) Director Colleen Johnston sold 2,000 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$151.82, for a total transaction of C$303,631.60.

Shopify Stock Performance

SHOP opened at C$152.87 on Friday. The company has a market cap of C$184.97 billion, a price-to-earnings ratio of 111.58, a PEG ratio of 0.87 and a beta of 2.36. The company’s fifty day moving average price is C$112.70 and its two-hundred day moving average price is C$97.37. Shopify Inc. has a 1-year low of C$72.36 and a 1-year high of C$161.86. The company has a current ratio of 7.32, a quick ratio of 5.74 and a debt-to-equity ratio of 12.40.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SHOP shares. ATB Capital downgraded shares of Shopify from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from C$120.00 to C$145.00 in a research note on Wednesday. National Bankshares boosted their target price on Shopify from C$100.00 to C$140.00 in a research report 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.