Insider Selling: Kinaxis Inc. (TSE:KXS) Director Sells C$1,903,365.53 in Stock

Kinaxis Inc. (TSE:KXS) Director John Ernest Sicard sold 12,328 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of C$154.39, for a total transaction of C$1,903,365.53.

John Ernest Sicard also recently made the following trade(s):

• On Tuesday, March 19th, John Ernest Sicard sold 7,530 shares of Kinaxis stock. The stock was sold at an average price of C$147.15, for a total transaction of C$1,108,068.11.
• On Wednesday, March 6th, John Ernest Sicard sold 7,516 shares of Kinaxis stock. The stock was sold at an average price of C$148.11, for a total transaction of C$1,113,158.68.

Kinaxis Price Performance

KXS stock opened at C$149.71 on Monday. Kinaxis Inc. has a 52-week low of C$129.13 and a 52-week high of C$191.80. The business has a 50-day simple moving average of C$151.22 and a two-hundred day simple moving average of C$152.36. The company has a debt-to-equity ratio of 11.91, a quick ratio of 2.29 and a current ratio of 2.53. The company has a market capitalization of C$4.25 billion, a P/E ratio of 210.86, a price-to-earnings-growth ratio of 3.60 and a beta of 0.77.

Kinaxis (TSE:KXS) last posted 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). Kinaxis had a return on equity of 3.42% and a net margin of 3.38%. The firm had revenue of C$152.48 million for the quarter, compared to the consensus estimate of C$153.36 million. Research analysts expect that Kinaxis Inc. will post 2.9035879 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on KXS. BMO Capital Markets cut their price objective on shares of Kinaxis from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. Stifel Nicolaus dropped their price target on shares of Kinaxis from C$235.00 to C$215.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. TD Securities cut their price target on Kinaxis from C$210.00 to C$200.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Eight Capital cut their price target on Kinaxis from C$230.00 to C$190.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Finally, Scotiabank cut their price target on Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating for the company in a research note on Friday, March 1st. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, Kinaxis has a consensus rating of “Buy” and a consensus target price of C$199.44.

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.