Asha Hotchandani (Bakshani) Sells 21,153 Shares of Lightspeed Commerce Inc. (TSE:LSPD) Stock
Asha Hotchandani (Bakshani), a senior officer of Lightspeed Commerce Inc., sold 21,153 shares of the company's stock at an average price of C$20.24, totaling C$428,149.41. The stock is currently trading at C$20.17. Lightspeed Commerce engages in the sale of cloud-based software subscriptions and payment solutions for small and midsize businesses. The company has received positive ratings from analysts.
Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) Senior Officer Asha Hotchandani (Bakshani) sold 21,153 shares of the company's stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of C$20.24, for a total value of C$428,149.41.
Get Lightspeed Commerce alerts:
Lightspeed Commerce Trading Down 1.2 %
LSPD stock traded down C$0.24 during midday trading on Friday, hitting C$20.17. The company had a trading volume of 504,883 shares, compared to its average volume of 701,866. The company has a current ratio of 6.34, a quick ratio of 6.05 and a debt-to-equity ratio of 0.96. The stock has a market cap of C$3.10 billion, a price-to-earnings ratio of -13.98 and a beta of 2.67. The stock's 50 day moving average price is C$19.22 and its 200 day moving average price is C$21.12. Lightspeed Commerce Inc. has a 52 week low of C$16.94 and a 52 week high of C$28.73.
Analyst Upgrades and Downgrades
LSPD has been the subject of several research reports. Cormark upped their target price on Lightspeed Commerce from C$26.00 to C$26.50 in a research note on Friday, May 17th. CIBC upgraded Lightspeed Commerce from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from C$26.00 to C$33.00 in a research report on Friday, May 24th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$26.50.
Read Our Latest Research Report on Lightspeed Commerce
About Lightspeed Commerce
(Get Free Report)Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.
See Also
- Five stocks we like better than Lightspeed Commerce
- Want to Profit on the Downtrend? Downtrends, Explained.
- Top 5 High-Performance Cryptocurrency ETFs to Watch
- What is MarketRank™? How to Use it
- 3 Stocks That Plummeted After the Post-Fed Speech Crash
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Adobe Stock: It’s Not Too Late To Buy The Dip
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
→ The last Republican president? (From The Freeport Society) (Ad)
Should you invest $1,000 in Lightspeed Commerce right now?
Before you consider Lightspeed Commerce, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lightspeed Commerce wasn't on the list.
While Lightspeed Commerce currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
