Insider Selling: Lightspeed Commerce Inc. (TSE:LSPD) Senior Officer Sells C$428,149.41 in Stock

Lightspeed Commerce Inc. (TSE:LSPD) Senior Officer Asha Hotchandani (Bakshani) sold 21,153 shares of Lightspeed Commerce stock in a transaction dated Friday, June 14th. The shares were sold at an average price of C$20.24, for a total transaction of C$428,149.41.

Lightspeed Commerce Price Performance

Shares of Lightspeed Commerce stock opened at C$20.17 on Monday. The company has a current ratio of 6.34, a quick ratio of 6.05 and a debt-to-equity ratio of 0.96. The company’s 50-day moving average price is C$19.24 and its two-hundred day moving average price is C$21.08. Lightspeed Commerce Inc. has a 52 week low of C$16.94 and a 52 week high of C$28.73. The stock has a market cap of C$3.10 billion, a PE ratio of -13.82 and a beta of 2.67.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. CIBC upgraded shares of Lightspeed Commerce from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$26.00 to C$33.00 in a research note on Friday, May 24th. Cormark boosted their price target on shares of Lightspeed Commerce from C$26.00 to C$26.50 in a research report on Friday, May 17th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$26.50.

About Lightspeed Commerce

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.