Insider Selling: Kinaxis (TSE:KXS) Insider Sells 924 Shares of Stock

Kinaxis Inc. (TSE:KXS) insider Conrad John Mandala sold 924 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of C$137.14, for a total transaction of C$126,717.36. Following the sale, the insider directly owned 820 shares in the company, valued at C$112,454.80. This trade represents a 52.98% decrease in their ownership of the stock.

Conrad John Mandala also recently made the following trade(s):

• On Monday, May 11th, Conrad John Mandala sold 30,000 shares of Kinaxis stock. The shares were sold at an average price of C$148.10, for a total transaction of C$4,443,000.00.

Kinaxis Stock Performance

TSE:KXS traded down C$1.15 during mid-day trading on Thursday, reaching C$136.84. 39,486 shares of the company’s stock were exchanged, compared to its average volume of 138,310. The company has a debt-to-equity ratio of 12.15, a quick ratio of 2.29 and a current ratio of 1.72. The firm has a market capitalization of C$3.74 billion, a PE ratio of 46.54, a price-to-earnings-growth ratio of 3.60 and a beta of 0.68. Kinaxis Inc. has a one year low of C$117.22 and a one year high of C$212.45. The business’s fifty day simple moving average is C$140.42 and its two-hundred day simple moving average is C$153.11.

Kinaxis (TSE:KXS) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$1.45 earnings per share for the quarter. The company had revenue of C$230.19 million during the quarter. Kinaxis had a net margin of 14.48% and a return on equity of 19.72%. Analysts anticipate that Kinaxis Inc. will post 4.2526231 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Royal Bank Of Canada increased their target price on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. TD Securities decreased their price target on shares of Kinaxis from C$229.00 to C$200.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Canaccord Genuity Group cut their price target on shares of Kinaxis from C$225.00 to C$200.00 in a report on Friday, March 6th. Stifel Nicolaus decreased their price objective on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Finally, Scotiabank lowered their target price on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Kinaxis currently has a consensus rating of “Buy” and an average target price of C$200.75.

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. Kinaxis’s S&OP solution capabilities include supply and demand planning, capacity and inventory planning, and inventory management. The firm has operations in North America, Europe, and Asia-Pacific regions.