Shopify Inc. (TSE:SHOP – Free Report) Senior Officer Kasra Nejatian sold 48,387 shares of the company’s stock on Thursday, August 8. The shares were sold at an average price of C$64.84, for a total value of C$3,137,413.08.
Shopify shares rise 1.0%
SHOP stock rose C$0.98 on Friday, reaching C$95.13. 1,860,197 shares of the company traded hands, compared to an average volume of 2,735,225. Shopify Inc. has a 12-month low of C$63.16 and a 12-month high of C$123.20. The company has a 50-day moving average of C$87.15 and a 200-day moving average of C$95.35. The company has a market cap of C$115.11 billion, a price-to-earnings ratio of -432.41, a price-to-earnings-growth ratio of 1.09 and a beta of 2.20. The company has a debt-to-equity ratio of 12.87, a quick ratio of 5.74 and a current ratio of 7.14.
Wall Street analysts predict growth
Separately, ATB Capital raised its price target on Shopify from CAD$115.00 to CAD$120.00 in a research note on Thursday.
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About Shopify
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Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, Asia Pacific, Australia, China, and Latin America. The Company’s platform enables merchants to display, manage, market, and sell their 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. It enables managing products and inventory, processing orders and payments, fulfilling and shipping orders, acquiring new buyers and building customer relationships, sourcing products, using analytics and reports, managing cash, payments and transactions, and accessing financing.
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