Kinaxis Inc. (TSE:KXS) Senior Officer Mark Justin Morgan Sells 7,397 Shares of Stock

Kinaxis Inc. (TSE:KXS) Senior Officer Mark Justin Morgan sold 7,397 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of C$194.79, for a total transaction of C$1,440,849.79.

Kinaxis Trading Up 0.4%

Shares of Kinaxis stock opened at C$199.94 on Friday. The stock has a 50 day moving average of C$171.63 and a 200 day moving average of C$170.81. The company has a debt-to-equity ratio of 12.12, a quick ratio of 2.29 and a current ratio of 1.89. The firm has a market capitalization of C$4.02 billion, a price-to-earnings ratio of 198.44, a PEG ratio of 3.60 and a beta of 0.78. Kinaxis Inc. has a fifty-two week low of C$132.93 and a fifty-two week high of C$201.44.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Stifel Nicolaus boosted their target price on Kinaxis from C$195.00 to C$225.00 in a report on Friday, May 9th. CIBC reduced their price objective on Kinaxis from C$175.00 to C$170.00 in a research report on Friday, February 28th. ATB Capital cut Kinaxis from an “outperform” rating to a “sector perform” rating and set a C$210.00 target price for the company. in a report on Friday, May 9th. BMO Capital Markets raised their target price on Kinaxis from C$190.00 to C$225.00 in a research note on Friday, May 9th. Finally, Atb Cap Markets cut shares of Kinaxis from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.