Kinaxis (TSE:KXS) Insider Sells C$4,443,000.00 in Stock

Kinaxis Inc. (TSE:KXS) insider Conrad John Mandala sold 30,000 shares of Kinaxis stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$148.10, for a total value of C$4,443,000.00. Following the completion of the transaction, the insider owned 820 shares of the company’s stock, valued at approximately C$121,442. The trade was a 97.34% decrease in their position.

Kinaxis Stock Performance

Shares of KXS traded down C$5.29 during mid-day trading on Wednesday, hitting C$138.61. The stock had a trading volume of 63,428 shares, compared to its average volume of 138,897. The company has a market cap of C$3.79 billion, a PE ratio of 47.15, a PEG ratio of 3.60 and a beta of 0.68. The company’s fifty day simple moving average is C$140.24 and its two-hundred day simple moving average is C$153.38. The company has a quick ratio of 2.29, a current ratio of 1.72 and a debt-to-equity ratio of 12.15. Kinaxis Inc. has a fifty-two week low of C$117.22 and a fifty-two week high of C$212.45.

Kinaxis (TSE:KXS) last issued its earnings results on Wednesday, May 6th. The company reported C$1.45 EPS for the quarter. The company had revenue of C$230.19 million during the quarter. Kinaxis had a return on equity of 19.72% and a net margin of 14.48%. On average, equities analysts expect that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Analyst Upgrades and Downgrades

KXS has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price objective on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Scotiabank reduced their price objective on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Royal Bank Of Canada boosted their price objective on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce reduced their price objective on Kinaxis from C$203.00 to C$171.00 in a research report on Friday, April 17th. Finally, Canaccord Genuity Group reduced their price objective on Kinaxis from C$225.00 to C$200.00 in a research report on Friday, March 6th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$200.75.

Kinaxis Company Profile

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation. Kinaxis’s S&OP solution capabilities include supply and demand planning, capacity and inventory planning, and inventory management. The firm has operations in North America, Europe, and Asia-Pacific regions.