Kinaxis Inc (TSE:KXS) Senior Officer Sells C$1,068,700.00 in Stock

Kinaxis Inc (TSE:KXS) Senior Officer Paul Carreiro sold 10,000 shares of Kinaxis stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of C$106.87, for a total value of C$1,068,700.00. Following the sale, the insider now directly owns 2,005 shares of the company’s stock, valued at approximately C$214,274.35.

TSE:KXS traded down C$0.80 during trading hours on Monday, hitting C$105.00. 34,734 shares of the company’s stock traded hands, compared to its average volume of 90,431. The firm has a market cap of $2.77 billion and a P/E ratio of 151.38. Kinaxis Inc has a 52 week low of C$60.01 and a 52 week high of C$109.00. The business’s fifty day simple moving average is C$93.24 and its two-hundred day simple moving average is C$83.82. The company has a quick ratio of 3.24, a current ratio of 3.34 and a debt-to-equity ratio of 4.83.

Kinaxis (TSE:KXS) last issued its quarterly earnings results on Thursday, October 31st. The company reported C$0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.20 by C$0.02. The firm had revenue of C$62.22 million for the quarter, compared to the consensus estimate of C$58.01 million. On average, analysts expect that Kinaxis Inc will post 1.35 EPS for the current year.

Several research firms recently issued reports on KXS. CIBC lifted their price objective on Kinaxis from C$108.00 to C$110.00 in a research note on Wednesday, November 13th. TD Securities lifted their price objective on Kinaxis from C$96.00 to C$110.00 and gave the company a “buy” rating in a research note on Monday, November 4th. National Bank Financial lifted their price objective on Kinaxis from C$100.00 to C$115.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Canaccord Genuity lifted their price objective on Kinaxis from C$95.00 to C$105.00 in a research note on Friday, November 1st. Finally, Eight Capital lifted their price objective on Kinaxis from C$100.00 to C$115.00 in a research note on Monday, November 4th. Five research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of C$108.57.

About Kinaxis

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. The company offers RapidResponse, which provide supply chain planning and analytics capabilities for managing various supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment, capacity planning, and master scheduling, as well as sales and operations planning process.

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Insider Buying and Selling by Quarter for Kinaxis (TSE:KXS)

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