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 firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of C$178.02, for a total transaction of C$267,031.95. Following the sale, the insider now directly owns 495 shares of the company’s stock, valued at approximately C$88,120.54. The trade was a 75.19 % decrease in their ownership of the stock.

Kinaxis Stock Up 0.2 %

TSE KXS traded up C$0.38 on Monday, hitting C$177.73. 15,896 shares of the stock traded hands, compared to its average volume of 66,841. 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 stock has a 50-day moving average of C$169.48 and a 200 day moving average of C$160.20. Kinaxis Inc. has a twelve month low of C$132.93 and a twelve month high of C$190.17. The company has a market capitalization of C$5.02 billion, a P/E ratio of 177.73, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78.

Kinaxis (TSE:KXS) last issued its quarterly earnings results on Wednesday, October 30th. The company reported C$0.47 earnings per share 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 business had revenue of C$165.79 million during the quarter, compared to the consensus estimate of C$170.56 million. As a group, analysts expect that Kinaxis Inc. will post 4.2526231 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KXS has been the subject of a number of analyst reports. ATB Capital upped their price objective on shares of Kinaxis from C$205.00 to C$215.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Scotiabank reduced their price target on Kinaxis from C$200.00 to C$190.00 in a report on Thursday, August 29th. Finally, TD Securities lowered their price objective on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating for the company in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, 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.