Kinaxis Inc. (TSE:KXS) Senior Officer Vasile Gelu Ticala Sells 3,000 Shares of Stock

Kinaxis Inc. (TSE:KXS) Senior Officer Vasile Gelu Ticala sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of C$174.50, for a total transaction of C$523,500.00. Following the completion of the transaction, the insider now directly owns 596 shares in the company, valued at C$104,002. This represents a 83.43 % decrease in their ownership of the stock.

Kinaxis Price Performance

Kinaxis stock opened at C$179.43 on Thursday. The company has a current ratio of 1.90, a quick ratio of 2.29 and a debt-to-equity ratio of 12.40. The company has a 50-day moving average price of C$162.23 and a 200 day moving average price of C$156.70. Kinaxis Inc. has a 12-month low of C$132.93 and a 12-month high of C$179.63. The stock has a market cap of C$5.07 billion, a P/E ratio of 179.43, a PEG ratio of 3.60 and a beta of 0.78.

Kinaxis (TSE:KXS) last announced its quarterly 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 net margin of 4.59% and a return on equity of 4.87%. The business had revenue of C$165.79 million during the quarter, compared to the consensus estimate of C$170.56 million. Sell-side analysts anticipate that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on KXS. Scotiabank reduced their target price on Kinaxis from C$200.00 to C$190.00 in a report on Thursday, August 29th. ATB Capital raised their price objective on Kinaxis from C$205.00 to C$215.00 and gave the company an “outperform” rating in a report on Friday, November 1st. TD Securities dropped their target price on shares of Kinaxis from C$195.00 to C$190.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Stifel Nicolaus decreased their price target on shares of Kinaxis from C$210.00 to C$195.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Kinaxis currently has a consensus 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.