Shopify Inc. (TSE:SHOP) Senior Officer Jessica Hertz Sells 26,672 Shares

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

Shopify Stock Performance

Shopify stock traded down C$2.15 during trading hours on Friday, hitting C$151.28. 109,906 shares of the stock traded hands, compared to its average volume of 2,635,804. The company has a debt-to-equity ratio of 12.40, a current ratio of 7.32 and a quick ratio of 5.74. The firm’s 50 day moving average price is C$111.46 and its 200-day moving average price is C$96.99. The stock has a market capitalization of C$183.05 billion, a price-to-earnings ratio of 110.32, a P/E/G ratio of 0.87 and a beta of 2.36. Shopify Inc. has a 1 year low of C$72.36 and a 1 year high of C$161.86.

Analyst Ratings Changes

Several research analysts recently weighed in on SHOP shares. National Bankshares boosted their target price on Shopify from C$100.00 to C$140.00 in a research note on Wednesday. ATB Capital downgraded Shopify from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock 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.