Shopify Inc. (TSE:SHOP – Get Rating) has been given an average recommendation of “Hold” by the four ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$1,802.67.
Separately, Veritas Investment Research reissued a “sell” rating on shares of Shopify in a report on Thursday, May 5th.
Insider Buying and Selling at Shopify
In related news, Director Tobias Albin Lutke acquired 29,617 shares of the stock in a transaction on Tuesday, May 10th. The stock was purchased at an average price of C$439.21 per share, for a total transaction of C$13,008,219.40. Following the transaction, the director now owns 29,617 shares of the company’s stock, valued at approximately C$13,008,219.40. In other Shopify news, Director Tobias Albin Lutke purchased 29,617 shares of the stock in a transaction dated Tuesday, May 10th. The stock was bought at an average price of C$439.21 per share, for a total transaction of C$13,008,219.40. Following the transaction, the director now directly owns 29,617 shares in the company, valued at C$13,008,219.40. Also, Director Robert Gerard Ashe sold 158 shares of Shopify stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of C$469.53, for a total transaction of C$74,186.37. Following the sale, the director now owns 9,873 shares of the company’s stock, valued at approximately C$4,635,709.18. In the last 90 days, insiders sold 851 shares of company stock worth $398,195.
Shopify Price Performance
Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, 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.
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