Kinaxis (TSE:KXS) Director Sells C$1,159,000.00 in Stock

Key Points

• Kinaxis Director Angel Luis Mendez sold 6,100 shares at an average price of C$190.00, totaling C$1,159,000.00, which represents an 81.33% decrease in his position.
• Analysts have increased their price targets for Kinaxis, with Stifel Nicolaus lifting theirs from C$225.00 to C$245.00, now rated as a "buy" by multiple firms.
• Kinaxis has a market capitalization of C$5.35 billion and currently holds a consensus rating of "Moderate Buy" with a target price of C$216.43.

Kinaxis Inc. (TSE:KXS - Get Free Report) Director Angel Luis Mendez sold 6,100 shares of the business's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of C$190.00, for a total transaction of C$1,159,000.00. Following the sale, the director directly owned 1,400 shares of the company's stock, valued at approximately C$266,000. This represents a 81.33% decrease in their position.

Kinaxis Stock Performance

Shares of TSE:KXS traded up C$3.82 during trading on Friday, reaching C$187.00. 64,726 shares of the company's stock traded hands, compared to its average volume of 74,088. The company has a debt-to-equity ratio of 12.12, a current ratio of 1.89 and a quick ratio of 2.29. Kinaxis Inc. has a 12 month low of C$149.96 and a 12 month high of C$212.45. The company has a 50 day moving average of C$196.87 and a 200-day moving average of C$186.58. The stock has a market capitalization of C$5.29 billion, a P/E ratio of 217.44, a price-to-earnings-growth ratio of 3.60 and a beta of 0.93.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Kinaxis from C$225.00 to C$245.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Scotiabank boosted their target price on shares of Kinaxis from C$225.00 to C$240.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Finally, Royal Bank Of Canada boosted their target price on shares of Kinaxis from C$225.00 to C$235.00 in a research note on Friday, August 8th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$216.43.

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.