Mark Justin Morgan Sells 2,281 Shares of Kinaxis (TSE:KXS) Stock

Kinaxis Inc. (TSE:KXS) insider Mark Justin Morgan sold 2,281 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of C$198.63, for a total value of C$453,081.87. Following the transaction, the insider owned 11,000 shares of the company’s stock, valued at C$2,184,963. The trade was a 17.17% decrease in their ownership of the stock.

Kinaxis Price Performance

Kinaxis stock opened at C$186.58 on Thursday. The firm has a market capitalization of C$5.27 billion, a P/E ratio of 216.95, a PEG ratio of 3.60 and a beta of 0.93. Kinaxis Inc. has a 1 year low of C$149.96 and a 1 year high of C$212.45. The business has a 50-day moving average of C$197.51 and a 200-day moving average of C$185.90. The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KXS shares. Royal Bank Of Canada boosted their target price on Kinaxis from C$225.00 to C$235.00 in a research report on Friday, August 8th. Stifel Nicolaus boosted their target price on Kinaxis from C$225.00 to C$245.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Scotiabank lifted their price objective on Kinaxis from C$225.00 to C$240.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$216.43.

About Kinaxis

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation.