Insider Selling: Kinaxis Inc (KXS) Insider Sells C$428,968.00 in Stock
Kinaxis Inc (TSE:KXS) insider Richard George Monkman sold 5,800 shares of the stock in a transaction on Thursday, March 16th. The shares were sold at an average price of C$73.96, for a total transaction of C$428,968.00.
Shares of Kinaxis Inc (TSE:KXS) opened at 73.47 on Tuesday. Kinaxis Inc has a 12-month low of $34.00 and a 12-month high of $76.17. The stock has a 50 day moving average of $71.34 and a 200 day moving average of $65.47. The company has a market cap of $1.84 billion and a price-to-earnings ratio of 179.20.
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KXS has been the subject of several analyst reports. TD Securities restated a “buy” rating and issued a C$81.00 target price on shares of Kinaxis in a report on Thursday, February 23rd. Royal Bank of Canada restated an “outperform” rating and issued a C$82.00 target price on shares of Kinaxis in a report on Monday, February 27th. CIBC raised their target price on shares of Kinaxis from C$72.00 to C$82.00 in a report on Friday, March 3rd. Scotiabank restated a “sector perform” rating and issued a C$63.00 target price on shares of Kinaxis in a report on Wednesday, March 1st. Finally, Canaccord Genuity raised their target price on shares of Kinaxis from C$74.00 to C$80.00 and gave the stock a “buy” rating in a report on Thursday, March 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Kinaxis has a consensus rating of “Buy” and an average price target of C$76.50.
Kinaxis Inc is a provider of cloud-based subscription software for supply chain operations. The Company offers RapidResponse as a collection of cloud-based configurable applications. The Company’s RapidResponse product provides supply chain planning and analytics capabilities that create the foundation for managing multiple, interconnected supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment and capacity planning.
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