Insider Selling: Kinaxis Inc. (TSE:KXS) Senior Officer Sells 3,534 Shares of Stock

Kinaxis Inc. (TSE:KXS) Senior Officer Vasile Gelu Ticala sold 3,534 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of C$201.00, for a total transaction of C$710,334.00. Following the completion of the transaction, the insider now owns 596 shares of the company’s stock, valued at approximately C$119,796. The trade was a 85.57% decrease in their ownership of the stock.

Vasile Gelu Ticala also recently made the following trade(s):

• On Friday, June 13th, Vasile Gelu Ticala sold 2,000 shares of Kinaxis stock. The stock was sold at an average price of C$201.00, for a total transaction of C$402,000.00.

Kinaxis Stock Performance

Shares of TSE KXS opened at C$200.70 on Wednesday. The firm’s 50-day moving average price is C$189.52 and its 200-day moving average price is C$175.60. The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12. The company has a market cap of C$4.04 billion, a PE ratio of 199.19, a PEG 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$202.91.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on KXS shares. ATB Capital lowered shares of Kinaxis from an “outperform” rating to a “sector perform” rating and set a C$210.00 price target for the company. in a research note on Friday, May 9th. BMO Capital Markets raised their price objective on shares of Kinaxis from C$190.00 to C$225.00 in a research note on Friday, May 9th. CIBC reduced their price objective on shares of Kinaxis from C$175.00 to C$170.00 in a research note on Friday, February 28th. Atb Cap Markets lowered shares of Kinaxis from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Finally, Royal Bank Of Canada raised their price objective on shares of Kinaxis from C$210.00 to C$225.00 in a research note on Friday, May 9th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Kinaxis has an average rating of “Moderate Buy” and an average target price of C$205.00.

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.