Kinaxis (TSE:KXS) Insider Sells C$53,124.50 in Stock

Key Points

• Insider Trading: Kinaxis Inc. insider Andrew William Robert Bell sold 275 shares for C$53,124.50, reducing his stake by 12.53% and leaving him with 1,919 shares valued at C$370,712.42.
• Stock Performance: Kinaxis shares recently traded down to C$189.75, with a market capitalization of C$5.36 billion and a P/E ratio of 220.64.
• Analyst Ratings: Several analysts have raised their price targets for Kinaxis, with the average target now at C$216.43, reflecting a consensus rating of "Moderate Buy."

Kinaxis Inc. (TSE:KXS - Get Free Report) insider Andrew William Robert Bell sold 275 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of C$193.18, for a total transaction of C$53,124.50. Following the sale, the insider owned 1,919 shares of the company's stock, valued at C$370,712.42. This trade represents a 12.53% decrease in their position.

Kinaxis Stock Performance

TSE KXS traded down C$0.43 during trading hours on Tuesday, reaching C$189.75. 12,814 shares of the company were exchanged, compared to its average volume of 74,209. The business's 50 day simple moving average is C$197.99 and its 200-day simple moving average is C$185.87. Kinaxis Inc. has a 1 year low of C$149.62 and a 1 year high of C$212.45. 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 stock has a market capitalization of C$5.36 billion, a P/E ratio of 220.64, a P/E/G ratio of 3.60 and a beta of 0.93.

Wall Street Analysts Forecast Growth

KXS has been the subject of several analyst reports. Stifel Nicolaus raised their price objective on shares of Kinaxis from C$225.00 to C$245.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Royal Bank Of Canada boosted their price target on shares of Kinaxis from C$225.00 to C$235.00 in a research note on Friday, August 8th. Finally, Scotiabank boosted their price target on shares of Kinaxis from C$225.00 to C$240.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$216.43.

Kinaxis Company Profile

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.

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