Insider Selling: Shopify Inc. (TSE:SHOP) Director Sells 424 Shares of Stock

Shopify Inc. (TSE:SHOP) Director Tobyn David Shannan sold 424 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of C$91.85, for a total value of C$38,945.52.

Shopify Stock Down 0.1 %

Shares of SHOP traded down C$0.13 during midday trading on Tuesday, hitting C$92.27. The company had a trading volume of 115,000 shares, compared to its average volume of 2,654,316. Shopify Inc. has a 1 year low of C$63.16 and a 1 year high of C$123.20. The firm has a market capitalization of C$111.65 billion, a P/E ratio of 68.86, a P/E/G ratio of 1.12 and a beta of 2.36. 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 company’s 50-day simple moving average is C$91.68 and its 200-day simple moving average is C$93.45.

Analysts Set New Price Targets

Separately, ATB Capital upped their price target on Shopify from C$115.00 to C$120.00 in a research report on Thursday, August 8th.

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.