Conrad John Mandala Sells 30,000 Shares of Kinaxis (TSE:KXS) Stock

Kinaxis Inc. (TSE:KXS) insider Conrad John Mandala sold 30,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$148.10, for a total value of C$4,443,000.00. Following the transaction, the insider owned 820 shares in the company, valued at C$121,442. This trade represents a 97.34% decrease in their ownership of the stock.

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

• On Wednesday, May 13th, Conrad John Mandala sold 924 shares of Kinaxis stock. The stock was sold at an average price of C$137.14, for a total value of C$126,717.36.

Kinaxis Stock Down 0.2%

TSE:KXS opened at C$137.69 on Friday. 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’s fifty day moving average is C$140.51 and its two-hundred day moving average is C$152.83. Kinaxis Inc. has a 52 week low of C$117.22 and a 52 week high of C$212.45. The stock has a market capitalization of C$3.76 billion, a price-to-earnings ratio of 46.83, a price-to-earnings-growth ratio of 3.60 and a beta of 0.68.

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

Analysts Set New Price Targets

KXS has been the topic of a number of recent research reports. BMO Capital Markets upped their price objective on Kinaxis from C$180.00 to C$185.00 in a research report on Friday, May 8th. Stifel Nicolaus cut their price objective 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. Scotiabank cut their price objective on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Canadian Imperial Bank of Commerce cut their price objective on Kinaxis from C$203.00 to C$171.00 in a research report on Friday, April 17th. Finally, TD Securities cut their price objective on Kinaxis from C$229.00 to C$200.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Six analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target 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.