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Insider Selling: Kinaxis Inc. (TSE:KXS) Director Sells 24,147 Shares of Stock

Kinaxis logo with Computer and Technology background

Kinaxis Inc. (TSE:KXS - Get Free Report) Director John Ernest Sicard sold 24,147 shares of Kinaxis stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$167.91, for a total transaction of C$4,054,585.55.

Kinaxis Stock Down 0.7 %

TSE KXS traded down C$1.22 during trading on Friday, hitting C$165.15. 119,810 shares of the company traded hands, compared to its average volume of 66,860. The company has a market capitalization of C$4.66 billion, a P/E ratio of 165.15, a PEG ratio of 3.60 and a beta of 0.78. The business has a fifty day simple moving average of C$159.29 and a 200 day simple moving average of C$155.52. Kinaxis Inc. has a 12 month low of C$132.93 and a 12 month high of C$174.25. The company has a current ratio of 1.90, a quick ratio of 2.29 and a debt-to-equity ratio of 12.40.

Kinaxis (TSE:KXS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$0.47 earnings per share for the quarter, beating analysts' consensus estimates of C$0.43 by C$0.04. The business had revenue of C$165.79 million for the quarter, compared to the consensus estimate of C$170.56 million. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. As a group, sell-side analysts predict that Kinaxis Inc. will post 4.2526231 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KXS shares. ATB Capital increased their price objective 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. Scotiabank cut their target price on shares of Kinaxis from C$200.00 to C$190.00 in a research report on Thursday, August 29th. Stifel Nicolaus lowered their price target on shares of Kinaxis from C$210.00 to C$195.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. Finally, TD Securities dropped their target price 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. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Kinaxis currently has a consensus rating of "Moderate Buy" and a consensus price target of C$192.67.

Check Out Our Latest Stock Report on Kinaxis

Kinaxis Company Profile

(Get Free Report)

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.

See Also

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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