Tobyn David Shannan Sells 430 Shares of Shopify Inc. (TSE:SHOP) Stock

Shopify Inc. (TSE:SHOP) Director Tobyn David Shannan sold 430 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of C$135.62, for a total transaction of C$58,318.61.

Shopify Price Performance

SHOP stock opened at C$138.84 on Thursday. The firm has a 50 day moving average of C$160.09 and a 200-day moving average of C$138.61. The company has a current ratio of 3.71, a quick ratio of 5.74 and a debt-to-equity ratio of 9.74. Shopify Inc. has a 12 month low of C$72.36 and a 12 month high of C$183.53. The firm has a market capitalization of C$129.30 billion, a P/E ratio of 62.86, a price-to-earnings-growth ratio of 0.87 and a beta of 2.36.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SHOP shares. ATB Capital cut shares of Shopify from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from C$120.00 to C$145.00 in a research report on Wednesday, November 13th. National Bankshares raised their price target on shares of Shopify from C$100.00 to C$140.00 in a research report on Wednesday, November 13th. Finally, Mizuho raised their price objective on shares of Shopify from C$105.00 to C$110.00 and gave the stock a “hold” rating in a report on Wednesday, February 12th.

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.