Kinaxis Inc. (TSE:KXS) Senior Officer Sells C$1,595,735.02 in Stock

Kinaxis Inc. (TSE:KXS - Get Free Report) Senior Officer Megan Paterson sold 9,512 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$167.76, for a total value of C$1,595,735.02. Following the transaction, the insider now directly owns 121 shares of the company's stock, valued at C$20,298.98. The trade was a 98.74 % decrease in their position.

Megan Paterson also recently made the following trade(s):

• On Friday, September 13th, Megan Paterson sold 3,172 shares of Kinaxis stock. The shares were sold at an average price of C$156.28, for a total transaction of C$495,720.16.

Kinaxis Stock Performance

Shares of Kinaxis stock traded up C$1.07 during trading hours on Monday, reaching C$171.66. 124,944 shares of the stock traded hands, compared to its average volume of 66,684. The company has a 50 day moving average price of C$160.91 and a 200 day moving average price of C$156.08. Kinaxis Inc. has a one year low of C$132.93 and a one year high of C$174.25. The company has a quick ratio of 2.29, a current ratio of 1.90 and a debt-to-equity ratio of 12.40. The firm has a market capitalization of C$4.85 billion, a price-to-earnings ratio of 170.59, a P/E/G ratio of 3.60 and a beta of 0.78.

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 (EPS) for the quarter, beating analysts' consensus estimates of C$0.43 by C$0.04. Kinaxis had a net margin of 4.59% and a return on equity of 4.87%. The firm had revenue of C$165.79 million during the quarter, compared to the consensus estimate of C$170.56 million. On average, equities research analysts expect that Kinaxis Inc. will post 4.2526231 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. TD Securities decreased their price target on shares of Kinaxis from C$195.00 to C$190.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Stifel Nicolaus cut 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 report on Friday, August 2nd. ATB Capital lifted their price objective on Kinaxis from C$205.00 to C$215.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, Scotiabank decreased their price target on Kinaxis from C$200.00 to C$190.00 in a research note on Thursday, August 29th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$192.67.

Kinaxis Company Profile

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.