Insider Selling: Kinaxis Inc. (TSE:KXS) Senior Officer Sells 1,500 Shares of Stock

Kinaxis Inc. (TSE:KXS) Senior Officer Conrad John Mandala sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of C$178.02, for a total transaction of C$267,031.95. Following the sale, the insider now owns 495 shares in the company, valued at approximately C$88,120.54. This trade represents a 75.19 % decrease in their position.

Kinaxis Trading Up 0.2 %

KXS stock traded up C$0.38 during trading on Monday, reaching C$177.73. 15,896 shares of the stock traded hands, compared to its average volume of 66,841. The firm has a market capitalization of C$5.02 billion, a PE ratio of 177.73, a P/E/G ratio of 3.60 and a beta of 0.78. The company has a debt-to-equity ratio of 12.40, a current ratio of 1.90 and a quick ratio of 2.29. The business’s 50 day moving average price is C$169.48 and its 200-day moving average price is C$160.20. Kinaxis Inc. has a 52-week low of C$132.93 and a 52-week high of C$190.17.

Kinaxis (TSE:KXS) last issued its earnings results on Wednesday, October 30th. The company reported C$0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.43 by C$0.04. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. The business had revenue of C$165.79 million during the quarter, compared to analysts’ expectations of C$170.56 million. As a group, sell-side analysts forecast that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on KXS shares. TD Securities reduced their price target on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. ATB Capital increased their target price on Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Scotiabank lowered their price target on Kinaxis from C$200.00 to C$190.00 in a report on Thursday, August 29th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$192.67.

About Kinaxis

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services.