Insider Selling: Kinaxis Inc. (TSE:KXS) Director Sells 7,323 Shares of Stock

Kinaxis Inc. (TSE:KXS) Director John Ernest Sicard sold 7,323 shares of Kinaxis stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of C$185.05, for a total value of C$1,355,126.28.

John Ernest Sicard also recently made the following trade(s):

• On Thursday, November 14th, John Ernest Sicard sold 24,147 shares of Kinaxis stock. The shares were sold at an average price of C$167.91, for a total value of C$4,054,585.55.

Kinaxis Stock Up 0.6 %

Shares of Kinaxis stock traded up C$1.14 during trading on Wednesday, hitting C$186.61. 41,849 shares of the stock traded hands, compared to its average volume of 67,038. The stock has a market cap of C$5.27 billion, a P/E ratio of 185.84, a PEG ratio of 3.60 and a beta of 0.78. The company has a debt-to-equity ratio of 12.40, a quick ratio of 2.29 and a current ratio of 1.90. Kinaxis Inc. has a twelve month low of C$132.93 and a twelve month high of C$190.17. The company has a fifty day moving average price of C$166.21 and a two-hundred day moving average price of C$158.40.

Kinaxis (TSE:KXS) last announced its quarterly earnings results on Wednesday, October 30th. The company reported C$0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.43 by C$0.04. The business had revenue of C$165.79 million during the quarter, compared to analyst estimates of C$170.56 million. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. Equities research analysts predict that Kinaxis Inc. will post 4.2526231 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on KXS shares. TD Securities lowered their target price on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Scotiabank lowered their target price on Kinaxis from C$200.00 to C$190.00 in a research note on Thursday, August 29th. Finally, ATB Capital lifted their target price on Kinaxis from C$205.00 to C$215.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$192.67.

About Kinaxis

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services.