Insider Selling: Kinaxis Inc. (TSE:KXS) Senior Officer Sells 683 Shares of Stock

Kinaxis Inc. (TSE:KXS) Senior Officer Andrew William Robert Bell sold 683 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of C$155.62, for a total transaction of C$106,289.69. Following the completion of the sale, the insider now directly owns 831 shares of the company’s stock, valued at C$129,321.72. This trade represents a 45.11 % decrease in their position.

Andrew William Robert Bell also recently made the following trade(s):

• On Tuesday, March 4th, Andrew William Robert Bell sold 2,064 shares of Kinaxis stock. The shares were sold at an average price of C$156.80, for a total transaction of C$323,627.77.
• On Monday, December 23rd, Andrew William Robert Bell sold 600 shares of Kinaxis stock. The stock was sold at an average price of C$177.14, for a total transaction of C$106,281.00.
• On Monday, December 16th, Andrew William Robert Bell sold 100 shares of Kinaxis stock. The shares were sold at an average price of C$184.74, for a total transaction of C$18,474.00.

Kinaxis Trading Down 1.2 %

KXS opened at C$158.99 on Wednesday. Kinaxis Inc. has a 12-month low of C$132.93 and a 12-month high of C$190.17. The company has a debt-to-equity ratio of 12.12, a current ratio of 1.89 and a quick ratio of 2.29. The stock has a market capitalization of C$3.20 billion, a PE ratio of 157.80, a P/E/G ratio of 3.60 and a beta of 0.78. The firm’s fifty day moving average price is C$167.02 and its 200 day moving average price is C$165.13.

Wall Street Analyst Weigh In

Separately, CIBC dropped their target price on Kinaxis from C$175.00 to C$170.00 in a research report on Friday, February 28th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Kinaxis has a consensus rating of “Moderate Buy” and a consensus price target of C$192.00.

Kinaxis Company Profile

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.