Shopify Inc. (TSE:SHOP) Senior Officer Kasra Nejatian Sells 50,000 Shares of Stock

Shopify Inc. (TSE:SHOP) Senior Officer Kasra Nejatian sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of C$172.76, for a total value of C$8,637,893.55.

Shopify Price Performance

TSE:SHOP opened at C$181.02 on Friday. The firm’s fifty day moving average is C$159.95 and its two-hundred day moving average is C$129.02. The firm has a market cap of C$168.58 billion, a price-to-earnings ratio of 81.96, a PEG ratio of 0.87 and a beta of 2.36. The company has a debt-to-equity ratio of 9.74, a quick ratio of 5.74 and a current ratio of 3.71. Shopify Inc. has a one year low of C$72.36 and a one year high of C$182.06.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Mizuho lifted their target price on Shopify from C$105.00 to C$110.00 and gave the company a “hold” rating in a research report on Wednesday. ATB Capital downgraded Shopify from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$120.00 to C$145.00 in a report on Wednesday, November 13th. Finally, National Bankshares upped their price objective on shares of Shopify from C$100.00 to C$140.00 in a research note on Wednesday, November 13th.

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.