Kinaxis Inc. (TSE:KXS) Senior Officer Sells C$267,031.95 in Stock

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

Kinaxis Stock Performance

TSE:KXS opened at C$178.61 on Thursday. The company has a debt-to-equity ratio of 12.40, a quick ratio of 2.29 and a current ratio of 1.90. The stock has a 50-day simple moving average of C$170.26 and a two-hundred day simple moving average of C$160.56. The firm has a market capitalization of C$5.04 billion, a PE ratio of 178.61, a P/E/G ratio of 3.60 and a beta of 0.78. Kinaxis Inc. has a 52-week low of C$132.93 and a 52-week high of C$190.17.

Kinaxis (TSE:KXS) last announced its quarterly earnings data on Wednesday, October 30th. The company reported C$0.47 earnings per share (EPS) for the quarter, beating 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 company had revenue of C$165.79 million during the quarter, compared to the consensus estimate of C$170.56 million. Analysts forecast that Kinaxis Inc. will post 4.2526231 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on KXS. Scotiabank decreased their price objective on shares of Kinaxis from C$200.00 to C$190.00 in a report on Thursday, August 29th. ATB Capital boosted their target price on shares of Kinaxis from C$205.00 to C$215.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, TD Securities dropped 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. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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.