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

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

Shopify Trading Down 5.8 %

Shares of SHOP stock opened at C$130.72 on Friday. Shopify Inc. has a fifty-two week low of C$72.36 and a fifty-two week high of C$183.53. The stock has a market cap of C$121.74 billion, a P/E ratio of 59.18, a P/E/G ratio of 0.87 and a beta of 2.36. The business has a fifty day simple moving average of C$159.61 and a 200-day simple moving average of C$138.55. The company has a quick ratio of 5.74, a current ratio of 3.71 and a debt-to-equity ratio of 9.74.

Analyst Upgrades and Downgrades

Separately, Mizuho increased their price objective on Shopify from C$105.00 to C$110.00 and gave the stock a “hold” rating in a research 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.