Kinaxis Inc. (TSE:KXS) Senior Officer Sells C$402,000.00 in Stock

Kinaxis Inc. (TSE:KXS - Get Free Report) Senior Officer Vasile Gelu Ticala sold 2,000 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of C$201.00, for a total transaction of C$402,000.00. Following the sale, the insider now directly owns 596 shares in the company, valued at approximately C$119,796. The trade was a 77.04% decrease in their ownership of the stock.

Kinaxis Price Performance

KXS traded down C$3.07 on Monday, reaching C$197.56. The company had a trading volume of 15,792 shares, compared to its average volume of 85,701. The company has a fifty day moving average of C$188.13 and a 200-day moving average of C$175.33. 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 company has a market capitalization of C$3.97 billion, a P/E ratio of 196.08, a PEG ratio of 3.60 and a beta of 0.78. Kinaxis Inc. has a one year low of C$132.93 and a one year high of C$202.91.

Analyst Ratings Changes

Several research analysts have commented on KXS shares. BMO Capital Markets boosted their price target on shares of Kinaxis from C$190.00 to C$225.00 in a report on Friday, May 9th. Stifel Nicolaus upped their price objective on shares of Kinaxis from C$195.00 to C$225.00 in a research report on Friday, May 9th. Royal Bank of Canada upped their target price on shares of Kinaxis from C$210.00 to C$225.00 in a research report on Friday, May 9th. CIBC reduced their target price on Kinaxis from C$175.00 to C$170.00 in a research note on Friday, February 28th. Finally, Atb Cap Markets lowered Kinaxis from a "strong-buy" rating to a "hold" rating in a research note 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$205.00.

Kinaxis Company Profile

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.

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