Insider Selling: Kinaxis (TSE:KXS) Insider Sells 2,281 Shares of Stock

Key Points

• Mark Justin Morgan, an insider at Kinaxis, sold 2,281 shares on August 15th for a total of C$453,081.87, reducing his ownership by 17.17% to 11,000 shares valued at approximately C$2.18 million.
• Kinaxis stock recently traded at C$189.38, down C$0.80, with a market cap of C$5.35 billion and an average price target from analysts of C$216.43, indicating a "Moderate Buy" sentiment.
• Analysts have positively revised Kinaxis' target prices, with recommendations ranging from C$235.00 to C$245.00, reflecting confidence in the company's performance and prospects.

Kinaxis Inc. (TSE:KXS - Get Free Report) insider Mark Justin Morgan sold 2,281 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of C$198.63, for a total value of C$453,081.87. Following the transaction, the insider owned 11,000 shares in the company, valued at C$2,184,963. The trade was a 17.17% decrease in their position.

Kinaxis Price Performance

Shares of KXS traded up C$3.82 on Friday, reaching C$187.00. The stock had a trading volume of 64,726 shares, compared to its average volume of 74,088. The firm has a market capitalization of C$5.29 billion, a PE ratio of 217.44, a PEG ratio of 3.60 and a beta of 0.93. The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12. The firm has a 50-day moving average of C$196.87 and a 200 day moving average of C$186.58. Kinaxis Inc. has a twelve month low of C$149.96 and a twelve month high of C$212.45.

Analysts Set New Price Targets

KXS has been the topic of a number of research reports. Scotiabank upped their price target on Kinaxis from C$225.00 to C$240.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Stifel Nicolaus upped their target price on Kinaxis from C$225.00 to C$245.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada increased their target price on Kinaxis from C$225.00 to C$235.00 in a research report on Friday, August 8th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company 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.