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

Shopify Inc. (TSE:SHOP) Director Colleen Johnston sold 2,000 shares of the company’s stock in a transaction that occurred 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 Down 4.8 %

TSE SHOP opened at C$153.43 on Friday. The firm has a 50-day simple moving average of C$110.29 and a 200 day simple moving average of C$96.60. The company has a debt-to-equity ratio of 12.40, a quick ratio of 5.74 and a current ratio of 7.32. The stock has a market cap of C$185.65 billion, a PE ratio of 111.99, a PEG ratio of 0.87 and a beta of 2.36. Shopify Inc. has a twelve month low of C$72.36 and a twelve month high of C$161.86.

Analyst Upgrades and Downgrades

Several analysts recently commented on SHOP shares. National Bankshares raised their price target on shares of Shopify from C$100.00 to C$140.00 in a report on Wednesday. ATB Capital downgraded Shopify from an “outperform” rating to a “sector perform” rating and raised their price objective for the company 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.