Shopify Inc. (TSE:SHOP) Director Sells C$138,476.14 in Stock

Shopify Inc. (TSE:SHOP - Get Free Report) Director Robert Gerard Ashe sold 2,342 shares of the business's stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of C$59.13, for a total transaction of C$138,476.14.

Shopify Stock Performance

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Shares of SHOP stock traded up C$0.31 during trading hours on Wednesday, hitting C$83.28. The company's stock had a trading volume of 338,599 shares, compared to its average volume of 2,644,767. The company has a 50 day moving average of C$92.17 and a 200 day moving average of C$100.15. The stock has a market cap of C$100.77 billion, a PE ratio of -377.14, a price-to-earnings-growth ratio of 1.09 and a beta of 2.20. The company has a current ratio of 7.14, a quick ratio of 5.74 and a debt-to-equity ratio of 12.87. Shopify Inc. has a 12-month low of C$63.16 and a 12-month high of C$123.20.

Analyst Ratings Changes

Separately, Canaccord Genuity Group boosted their price target on shares of Shopify from C$86.00 to C$90.00 and gave the company a "buy" rating in a report on Wednesday, February 14th.

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Read Our Latest Analysis on SHOP

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.

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