Colleen Johnston Sells 2,000 Shares of Shopify Inc. (TSE:SHOP) Stock

Shopify Inc. (TSE:SHOP) Director Colleen Johnston sold 2,000 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$151.82, for a total value of C$303,631.60.

Shopify Stock Down 0.4 %

Shares of TSE SHOP opened at C$152.87 on Friday. The firm has a market cap of C$184.97 billion, a PE ratio of 111.58, a P/E/G ratio of 0.87 and a beta of 2.36. The company’s fifty day simple moving average is C$112.70 and its 200 day simple moving average is C$97.37. The company has a quick ratio of 5.74, a current ratio of 7.32 and a debt-to-equity ratio of 12.40. Shopify Inc. has a 12-month low of C$72.36 and a 12-month high of C$161.86.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SHOP shares. ATB Capital downgraded shares of Shopify from an “outperform” rating to a “sector perform” rating and raised their price target for the company from C$120.00 to C$145.00 in a research note on Wednesday. National Bankshares increased their target price on shares of Shopify from C$100.00 to C$140.00 in a research report on Wednesday.

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.