Shopify Inc. (TSE:SHOP) Senior Officer Jeff Hoffmeister Sells 3,985 Shares

Shopify Inc. (TSE:SHOP) Senior Officer Jeff Hoffmeister sold 3,985 shares of the business’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of C$149.69, for a total transaction of C$596,516.98.

Jeff Hoffmeister also recently made the following trade(s):

• On Wednesday, May 28th, Jeff Hoffmeister sold 1,967 shares of Shopify stock. The shares were sold at an average price of C$146.65, for a total transaction of C$288,454.26.

Shopify Stock Performance

Shares of SHOP stock traded up C$1.44 during trading on Tuesday, reaching C$148.99. 684,177 shares of the company’s stock traded hands, compared to its average volume of 2,268,754. The firm’s 50-day moving average is C$133.62 and its 200 day moving average is C$148.96. The company has a market capitalization of C$138.75 billion, a P/E ratio of 67.45, a PEG ratio of 0.87 and a beta of 2.36. Shopify Inc. has a 1 year low of C$72.36 and a 1 year high of C$183.53. The company has a current ratio of 3.71, a quick ratio of 5.74 and a debt-to-equity ratio of 9.74.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SHOP shares. Mizuho increased their price target on Shopify from C$105.00 to C$110.00 and gave the company a “hold” rating in a research report on Wednesday, February 12th. ATB Capital increased their target price on shares of Shopify from C$155.00 to C$160.00 and gave the company an “outperform” rating in a report on Friday, May 9th.

About Shopify

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.