Kinaxis Inc. (TSE:KXS) Senior Officer Conrad John Mandala Sells 200 Shares

Kinaxis Inc. (TSE:KXS - Get Free Report) Senior Officer Conrad John Mandala sold 200 shares of Kinaxis stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$197.30, for a total transaction of C$39,460.00. Following the sale, the insider now owns 703 shares in the company, valued at C$138,701.90. This represents a 22.15% decrease in their ownership of the stock.

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

• On Tuesday, May 13th, Conrad John Mandala sold 516 shares of Kinaxis stock. The stock was sold at an average price of C$197.23, for a total value of C$101,771.25.

Kinaxis Stock Performance

Shares of Kinaxis stock traded up C$0.15 during trading hours on Wednesday, hitting C$199.14. 64,852 shares of the company were exchanged, compared to its average volume of 88,024. The business has a 50-day moving average of C$182.56 and a 200-day moving average of C$174.01. Kinaxis Inc. has a 1 year low of C$132.93 and a 1 year high of C$201.44. The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12. The stock has a market capitalization of C$4.01 billion, a price-to-earnings ratio of 197.65, a P/E/G ratio of 3.60 and a beta of 0.78.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KXS. Stifel Nicolaus upped their target price on Kinaxis from C$195.00 to C$225.00 in a research report on Friday, May 9th. ATB Capital cut Kinaxis from an "outperform" rating to a "sector perform" rating and set a C$210.00 price objective 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 research report on Thursday, May 8th. BMO Capital Markets lifted their target price on shares of Kinaxis from C$190.00 to C$225.00 in a report on Friday, May 9th. Finally, CIBC reduced their price target on shares of Kinaxis from C$175.00 to C$170.00 in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Kinaxis has an average rating of "Moderate Buy" and an average 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.