Insider Selling: Kinaxis (TSE:KXS) Insider Sells C$4,443,000.00 in Stock

Kinaxis Inc. (TSE:KXS) insider Conrad John Mandala sold 30,000 shares of Kinaxis stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$148.10, for a total value of C$4,443,000.00. Following the completion of the transaction, the insider directly owned 820 shares of the company’s stock, valued at C$121,442. This represents a 97.34% decrease in their ownership of the stock.

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

• On Wednesday, May 13th, Conrad John Mandala sold 924 shares of Kinaxis stock. The shares were sold at an average price of C$137.14, for a total value of C$126,717.36.

Kinaxis Stock Performance

Kinaxis stock opened at C$138.89 on Friday. The stock has a 50-day simple moving average of C$140.68 and a 200 day simple moving average of C$152.73. The company has a quick ratio of 2.29, a current ratio of 1.72 and a debt-to-equity ratio of 12.15. Kinaxis Inc. has a 12-month low of C$117.22 and a 12-month high of C$212.45. The stock has a market capitalization of C$3.79 billion, a price-to-earnings ratio of 47.24, a P/E/G ratio of 3.60 and a beta of 0.68.

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

Analysts Set New Price Targets

A number of brokerages recently commented on KXS. Stifel Nicolaus lowered their price objective on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. BMO Capital Markets lifted their price objective on Kinaxis from C$180.00 to C$185.00 in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce lowered their price objective on Kinaxis from C$203.00 to C$171.00 in a research report on Friday, April 17th. Scotiabank lowered their price objective 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. Finally, Canaccord Genuity Group lowered their price objective on Kinaxis from C$225.00 to C$200.00 in a research report on Friday, March 6th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kinaxis presently has an average 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.