Insider Selling: Kinaxis Inc. (TSE:KXS) Director Sells 5,515 Shares of Stock

Kinaxis Inc. (TSE:KXS) Director Elizabeth (Betsy) Rafael sold 5,515 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of C$171.16, for a total transaction of C$943,941.33.

Kinaxis Stock Performance

Shares of Kinaxis stock traded up C$4.71 during trading hours on Tuesday, reaching C$176.37. The company had a trading volume of 26,032 shares, compared to its average volume of 66,505. The company has a debt-to-equity ratio of 12.40, a current ratio of 1.90 and a quick ratio of 2.29. Kinaxis Inc. has a one year low of C$132.93 and a one year high of C$176.50. The firm has a market cap of C$4.98 billion, a PE ratio of 171.66, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. The business has a fifty day simple moving average of C$161.30 and a 200 day simple moving average of C$156.23.

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

Analyst Ratings Changes

KXS has been the topic of a number of recent research reports. Stifel Nicolaus dropped their target price on Kinaxis from C$210.00 to C$195.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. ATB Capital raised their price objective 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. TD Securities reduced their target price on shares of Kinaxis from C$195.00 to C$190.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Scotiabank dropped their price target on shares of Kinaxis from C$200.00 to C$190.00 in a research report on Thursday, August 29th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$192.67.

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.