Insider Selling: Kinaxis Inc. (TSE:KXS) Senior Officer Sells 2,003 Shares of Stock

Kinaxis Inc. (TSE:KXS) Senior Officer Christopher John Blaine Fitzgerald sold 2,003 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$185.05, for a total transaction of C$370,656.55.

Kinaxis Stock Performance

TSE KXS traded up C$0.37 on Wednesday, hitting C$185.84. 20,199 shares of the company’s stock were exchanged, compared to its average volume of 66,944. The company has a debt-to-equity ratio of 12.40, a current ratio of 1.90 and a quick ratio of 2.29. The firm’s 50-day moving average price is C$166.21 and its two-hundred day moving average price is C$158.40. The firm has a market cap of C$5.25 billion, a price-to-earnings ratio of 185.47, a P/E/G ratio of 3.60 and a beta of 0.78. Kinaxis Inc. has a fifty-two week low of C$132.93 and a fifty-two week high of C$190.17.

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

Wall Street Analyst Weigh In

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