Insider Selling: Kinaxis (TSE:KXS) Insider Sells 275 Shares of 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 Kinaxis stock in a transaction on Thursday, August 21st. The stock was sold at an average price of C$193.18, for a total value of C$53,124.50. Following the sale, the insider directly owned 1,919 shares of the company's stock, valued at approximately C$370,712.42. This trade represents a 12.53% decrease in their ownership of the stock.

Kinaxis Trading Up 2.1%

KXS stock traded up C$3.82 during midday trading on Friday, hitting C$187.00. 64,726 shares of the company's stock were exchanged, compared to its average volume of 74,088. The stock's fifty day moving average price is C$196.87 and its 200-day moving average price is C$186.58. The company has a debt-to-equity ratio of 12.12, a quick ratio of 2.29 and a current ratio of 1.89. The company has a market cap of C$5.29 billion, a PE ratio of 217.44, a price-to-earnings-growth ratio of 3.60 and a beta of 0.93. Kinaxis Inc. has a one year low of C$149.96 and a one year high of C$212.45.

Analyst Ratings Changes

Several research analysts have weighed in on KXS shares. Stifel Nicolaus lifted their target price on Kinaxis from C$225.00 to C$245.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Scotiabank boosted their price target on Kinaxis from C$225.00 to C$240.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Finally, Royal Bank Of Canada upped their target price on Kinaxis from C$225.00 to C$235.00 in a report 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. Based on data from MarketBeat, Kinaxis currently has an average rating of "Moderate Buy" and an average price target 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.