Insider Selling: Kinaxis Inc. (TSE:KXS) Director Sells 10,000 Shares of Stock

Kinaxis Inc. (TSE:KXS) Director Angel Luis Mendez sold 10,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of C$194.80, for a total value of C$1,947,966.00.

Kinaxis Stock Performance

KXS stock opened at C$197.98 on Friday. The company has a debt-to-equity ratio of 12.12, a current ratio of 1.89 and a quick ratio of 2.29. The business has a 50-day moving average price of C$172.41 and a 200 day moving average price of C$171.00. The company has a market capitalization of C$3.98 billion, a P/E ratio of 196.49, a PEG ratio of 3.60 and a beta of 0.78. Kinaxis Inc. has a 1-year low of C$132.93 and a 1-year high of C$201.44.

Analyst Ratings Changes

A number of analysts have recently issued reports on KXS shares. BMO Capital Markets boosted their target price on shares of Kinaxis from C$190.00 to C$225.00 in a research note on Friday, May 9th. Atb Cap Markets lowered shares of Kinaxis from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Stifel Nicolaus boosted their price objective on shares of Kinaxis from C$195.00 to C$225.00 in a research report on Friday, May 9th. Royal Bank of Canada upped their target price on shares of Kinaxis from C$210.00 to C$225.00 in a research note on Friday, May 9th. Finally, ATB Capital downgraded shares of Kinaxis from an “outperform” rating to a “sector perform” rating and set a C$210.00 price target for the company. in a research note on Friday, May 9th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$205.00.

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.