Insider Selling: Kinaxis Inc. (TSE:KXS) Senior Officer Sells C$294,081.80 in Stock

Kinaxis Inc. (TSE:KXSGet Free Report) Senior Officer Andrew William Robert Bell sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of C$147.04, for a total value of C$294,081.80. Following the transaction, the insider now directly owns 586 shares of the company’s stock, valued at approximately C$86,165.97.

Andrew William Robert Bell also recently made the following trade(s):

  • On Wednesday, March 13th, Andrew William Robert Bell sold 250 shares of Kinaxis stock. The shares were sold at an average price of C$150.23, for a total value of C$37,557.50.
  • On Wednesday, March 6th, Andrew William Robert Bell sold 683 shares of Kinaxis stock. The shares were sold at an average price of C$148.11, for a total value of C$101,155.85.

Kinaxis Stock Performance

Shares of KXS opened at C$150.52 on Friday. The business’s fifty day simple moving average is C$155.89 and its two-hundred day simple moving average is C$151.46. The company has a current ratio of 2.54, a quick ratio of 2.29 and a debt-to-equity ratio of 11.39. Kinaxis Inc. has a 12 month low of C$129.13 and a 12 month high of C$191.80. The company has a market cap of C$4.26 billion, a price-to-earnings ratio of 320.26, a P/E/G ratio of 3.60 and a beta of 0.73.

Kinaxis (TSE:KXSGet Free Report) last issued its earnings results on Wednesday, February 28th. The company reported C$0.59 EPS for the quarter, missing the consensus estimate of C$0.68 by C($0.09). The business had revenue of C$152.48 million for the quarter, compared to analysts’ expectations of C$153.36 million. Kinaxis had a net margin of 2.36% and a return on equity of 2.35%. Research analysts anticipate that Kinaxis Inc. will post 2.811942 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KXS. Eight Capital reduced their target price on Kinaxis from C$230.00 to C$190.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Royal Bank of Canada reduced their target price on Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Scotiabank reduced their target price on Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. TD Securities reduced their target price on Kinaxis from C$210.00 to C$200.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Finally, Stifel Nicolaus reduced their price objective on Kinaxis from C$235.00 to C$215.00 and set a “buy” rating for the company in a research report on Friday, March 1st. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kinaxis currently has an average rating of “Buy” and a consensus target price of C$199.44.

Read Our Latest Stock Report on Kinaxis

About Kinaxis

(Get Free Report)

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Japan, Hong Kong, The Netherlands, South Korea, the United Kingdom, Singapore, Romania, France, Ireland, Germany, India, and Canada. It offers Kinaxis, a cloud-based platform, which provides advanced planning, sales and operations planning, supply and demand planning, inventory management, and command and control center services.

Further Reading

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

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