Insider Selling: Kinaxis (TSE:KXS) Insider Sells C$126,717.36 in Stock

Kinaxis Inc. (TSE:KXS) insider Conrad John Mandala sold 924 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of C$137.14, for a total value of C$126,717.36. Following the completion of the transaction, the insider owned 820 shares in the company, valued at C$112,454.80. This represents a 52.98% decrease in their ownership of the stock.

Conrad John Mandala also recently made the following trade(s):

• On Monday, May 11th, Conrad John Mandala sold 30,000 shares of Kinaxis stock. The stock was sold at an average price of C$148.10, for a total value of C$4,443,000.00.

Kinaxis Trading Down 0.8%

TSE KXS traded down C$1.15 on Thursday, reaching C$136.84. The company had a trading volume of 39,486 shares, compared to its average volume of 138,310. Kinaxis Inc. has a 52 week low of C$117.22 and a 52 week high of C$212.45. The stock’s 50 day moving average is C$140.42 and its 200-day moving average is C$153.11. The company has a quick ratio of 2.29, a current ratio of 1.72 and a debt-to-equity ratio of 12.15. The stock has a market cap of C$3.74 billion, a price-to-earnings ratio of 46.54, a PEG ratio of 3.60 and a beta of 0.68.

Kinaxis (TSE:KXS) last posted its earnings results on Wednesday, May 6th. The company reported C$1.45 earnings per share (EPS) for the quarter. The company had revenue of C$230.19 million during the quarter. Kinaxis had a return on equity of 19.72% and a net margin of 14.48%. Equities analysts predict that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Wall Street Analyst Weigh In

KXS has been the subject of several research reports. TD Securities lowered their price objective on shares of Kinaxis from C$229.00 to C$200.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Canadian Imperial Bank of Commerce cut their price target on Kinaxis from C$203.00 to C$171.00 in a report on Friday, April 17th. Royal Bank Of Canada upped their price objective on Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Stifel Nicolaus dropped their target price on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, BMO Capital Markets upped their price target on Kinaxis from C$180.00 to C$185.00 in a research report on Friday, May 8th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$200.75.

About Kinaxis

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation. Kinaxis’s S&OP solution capabilities include supply and demand planning, capacity and inventory planning, and inventory management. The firm has operations in North America, Europe, and Asia-Pacific regions.