Insider Selling: Kinaxis (TSE:KXS) Insider Sells 222 Shares of Stock

Kinaxis Inc. (TSE:KXS) insider Kushan Krishna Surana sold 222 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of C$177.41, for a total value of C$39,385.02. Following the sale, the insider directly owned 19 shares in the company, valued at C$3,370.79. This represents a 92.12% decrease in their ownership of the stock.

Kinaxis Price Performance

Shares of KXS stock traded up C$1.18 during mid-day trading on Wednesday, hitting C$176.14. 37,456 shares of the stock were exchanged, compared to its average volume of 71,796. Kinaxis Inc. has a 52-week low of C$149.96 and a 52-week high of C$212.45. 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$4.94 billion, a PE ratio of 146.78, a price-to-earnings-growth ratio of 3.60 and a beta of 0.75. The firm has a fifty day moving average of C$180.69 and a 200 day moving average of C$191.68.

Kinaxis (TSE:KXS) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.58 earnings per share (EPS) for the quarter. The company had revenue of C$187.41 million for the quarter. Kinaxis had a return on equity of 4.69% and a net margin of 4.33%. Research analysts anticipate that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Stifel Nicolaus boosted their price target 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. TD Securities upped their target price on shares of Kinaxis from C$225.00 to C$229.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Royal Bank Of Canada increased their target price on shares of Kinaxis from C$225.00 to C$235.00 in a research report on Friday, August 8th. National Bankshares set a C$240.00 price target on shares of Kinaxis and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Finally, Scotiabank upped their price objective on shares of Kinaxis from C$225.00 to C$240.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Kinaxis presently has an average rating of “Moderate Buy” and an average price target of C$228.13.

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.