Insider Selling: Kinaxis Inc. (TSE:KXS) Director Sells 24,147 Shares of Stock

Kinaxis Inc. (TSE:KXS) Director John Ernest Sicard sold 24,147 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$167.91, for a total value of C$4,054,585.55.

Kinaxis Price Performance

Kinaxis stock opened at C$165.15 on Monday. The business’s 50-day simple moving average is C$159.29 and its 200 day simple moving average is C$155.52. The stock has a market cap of C$4.66 billion, a price-to-earnings ratio of 165.15, a P/E/G ratio of 3.60 and a beta of 0.78. Kinaxis Inc. has a 12-month low of C$132.93 and a 12-month high of C$174.25. The company has a quick ratio of 2.29, a current ratio of 1.90 and a debt-to-equity ratio of 12.40.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on KXS shares. ATB Capital increased their price objective on Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. TD Securities decreased their target price on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Scotiabank decreased their target price on Kinaxis from C$200.00 to C$190.00 in a report on Thursday, August 29th. Finally, Stifel Nicolaus decreased their target price on Kinaxis from C$210.00 to C$195.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.