Kinaxis Inc. (TSE:KXS) Director Sells C$4,054,585.55 in Stock

Kinaxis Inc. (TSE:KXS) Director John Ernest Sicard sold 24,147 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of C$167.91, for a total value of C$4,054,585.55.

Kinaxis Stock Performance

The firm has a market cap of C$4.74 billion, a PE ratio of 168.00, a P/E/G ratio of 3.60 and a beta of 0.78. The business’s fifty day moving average price is C$159.70 and its 200 day moving average price is C$155.71. The company has a debt-to-equity ratio of 12.40, a quick ratio of 2.29 and a current ratio of 1.90. Kinaxis Inc. has a fifty-two week low of C$132.93 and a fifty-two week high of C$174.25.

Kinaxis (TSE:KXS) last released its quarterly earnings results on Wednesday, October 30th. The company reported C$0.47 earnings per share for the quarter, topping the consensus estimate of C$0.43 by C$0.04. The business had revenue of C$165.79 million during the quarter, compared to analysts’ expectations of C$170.56 million. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. As a group, sell-side analysts forecast that Kinaxis Inc. will post 4.2526231 EPS for the current year.

Wall Street Analyst Weigh In

KXS has been the subject of a number of analyst reports. ATB Capital raised their price target on Kinaxis from C$205.00 to C$215.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. TD Securities decreased their price target on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus reduced their target price on Kinaxis from C$210.00 to C$195.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Scotiabank reduced their target price on Kinaxis from C$200.00 to C$190.00 in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$192.67.

About Kinaxis

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.