Insider Selling: Kinaxis Inc. (TSE:KXS) Senior Officer Sells 100 Shares of Stock

Kinaxis Inc. (TSE:KXS) Senior Officer Andrew William Robert Bell sold 100 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of C$184.74, for a total transaction of C$18,474.00. Following the completion of the sale, the insider now owns 831 shares in the company, valued at approximately C$153,518.94. This trade represents a 10.74 % decrease in their position.

Kinaxis Stock Down 2.8 %

Kinaxis stock opened at C$176.19 on Thursday. The firm has a market cap of C$4.98 billion, a price-to-earnings ratio of 176.19, a PEG ratio of 3.60 and a beta of 0.78. The company has a current ratio of 1.90, a quick ratio of 2.29 and a debt-to-equity ratio of 12.40. Kinaxis Inc. has a 12 month low of C$132.93 and a 12 month high of C$190.17. The stock has a fifty day simple moving average of C$168.93 and a two-hundred day simple moving average of C$159.69.

Kinaxis (TSE:KXS) last released its quarterly earnings data on Wednesday, October 30th. The company reported C$0.47 EPS for the quarter, topping the consensus estimate of C$0.43 by C$0.04. The company had revenue of C$165.79 million during the quarter, compared to the consensus estimate of C$170.56 million. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. Equities analysts predict that Kinaxis Inc. will post 4.2526231 EPS for the current fiscal year.

Analysts Set New Price Targets

KXS has been the topic of a number of analyst reports. Scotiabank dropped their price target on Kinaxis from C$200.00 to C$190.00 in a research report on Thursday, August 29th. ATB Capital boosted their target price on Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, TD Securities cut their target price 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. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$192.67.

Kinaxis Company Profile

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.