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

Kinaxis Inc. (TSE:KXS) Senior Officer Megan Paterson sold 9,512 shares of Kinaxis stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$167.76, for a total transaction of C$1,595,735.02. Following the completion of the transaction, the insider now owns 121 shares of the company’s stock, valued at C$20,298.98. This represents 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 Price Performance

Shares of TSE KXS opened at C$179.43 on Thursday. The stock has a market cap of C$5.07 billion, a P/E ratio of 175.60, a P/E/G ratio of 3.60 and a beta of 0.78. Kinaxis Inc. has a twelve month low of C$132.93 and a twelve month high of C$179.63. The stock has a 50 day moving average of C$161.73 and a two-hundred day moving average of C$156.45. 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) last released its quarterly earnings results on Wednesday, October 30th. The company reported C$0.47 EPS for the quarter, beating the consensus estimate 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, research analysts forecast that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on KXS. 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 report on Friday, November 1st. ATB Capital raised their target price on Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Scotiabank decreased their target price on Kinaxis from C$200.00 to C$190.00 in a research note on Thursday, August 29th. Finally, Stifel Nicolaus dropped 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 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.