Insider Selling: Kinaxis Inc. (TSE:KXS) Director Sells C$1,947,966.00 in Stock

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

Kinaxis Stock Performance

TSE KXS opened at C$197.98 on Friday. The firm has a market cap of C$3.98 billion, a price-to-earnings ratio of 196.49, a PEG ratio of 3.60 and a beta of 0.78. The company has a 50 day moving average of C$172.41 and a 200-day moving average of C$171.10. The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12. Kinaxis Inc. has a 1-year low of C$132.93 and a 1-year high of C$201.44.

Analysts Set New Price Targets

A number of research analysts have commented on KXS shares. BMO Capital Markets raised their price target on shares of Kinaxis from C$190.00 to C$225.00 in a research note on Friday, May 9th. CIBC cut their price target on shares of Kinaxis from C$175.00 to C$170.00 in a research note on Friday, February 28th. ATB Capital cut 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. Atb Cap Markets lowered shares of Kinaxis from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Finally, Stifel Nicolaus raised their price objective on shares of Kinaxis from C$195.00 to C$225.00 in a report on Friday, May 9th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$205.00.

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.