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

Shopify Inc. (TSE:SHOP) Senior Officer Jeff Hoffmeister sold 3,985 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of C$149.69, for a total value 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 stock was sold at an average price of C$146.65, for a total transaction of C$288,454.26.

Shopify Price Performance

Shares of Shopify stock opened at C$150.79 on Wednesday. The firm has a fifty day moving average price of C$134.32 and a two-hundred day moving average price of C$148.98. Shopify Inc. has a fifty-two week low of C$72.36 and a fifty-two week high of C$183.53. The company has a debt-to-equity ratio of 9.74, a current ratio of 3.71 and a quick ratio of 5.74. The company has a market cap of C$140.43 billion, a PE ratio of 68.27, a price-to-earnings-growth ratio of 0.87 and a beta of 2.36.

Analyst Ratings Changes

SHOP has been the topic of several recent analyst reports. Mizuho lifted their target price on shares of Shopify from C$105.00 to C$110.00 and gave the stock a “hold” rating in a report on Wednesday, February 12th. ATB Capital boosted their price objective on Shopify from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a research report on Friday, May 9th.

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.