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 that occurred on Monday, November 25th. The stock was sold at an average price of C$171.16, for a total value of C$943,941.33.

Kinaxis Stock Up 2.7 %

TSE KXS traded up C$4.71 during trading hours on Tuesday, reaching C$176.37. 26,032 shares of the company’s stock traded hands, compared to its average volume of 66,505. The firm has a 50-day simple moving average of C$161.30 and a 200 day simple moving average of C$156.23. Kinaxis Inc. has a 52-week low of C$132.93 and a 52-week high of C$176.50. The firm has a market cap of C$4.98 billion, a PE ratio of 171.66, a PEG ratio of 3.60 and a beta of 0.78. 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 (TSE:KXS) last issued its quarterly earnings results on Wednesday, October 30th. The company reported C$0.47 earnings per share for the quarter, beating the consensus estimate of C$0.43 by C$0.04. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. The firm had revenue of C$165.79 million during the quarter, compared to the consensus estimate of C$170.56 million. Sell-side analysts anticipate that Kinaxis Inc. will post 4.2526231 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KXS. Scotiabank decreased their price objective on shares of Kinaxis from C$200.00 to C$190.00 in a research report on Thursday, August 29th. TD Securities cut their price objective on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. ATB Capital upped their price objective on shares of Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus decreased their price target on shares of Kinaxis from C$210.00 to C$195.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.