Kinaxis (TSE:KXS) Shares Pass Above Fifty Day Moving Average - Here's Why

Kinaxis Inc. (TSE:KXS - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$179.35 and traded as high as C$197.80. Kinaxis shares last traded at C$195.24, with a volume of 66,972 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have weighed in on KXS shares. BMO Capital Markets increased their target price on Kinaxis from C$190.00 to C$225.00 in a research note on Friday, May 9th. CIBC dropped their target price on Kinaxis from C$175.00 to C$170.00 in a research report on Friday, February 28th. ATB Capital downgraded Kinaxis from an "outperform" rating to a "sector perform" rating and set a C$210.00 price target for the company. in a research note on Friday, May 9th. Stifel Nicolaus raised their price target on Kinaxis from C$195.00 to C$225.00 in a research note on Friday, May 9th. Finally, Atb Cap Markets downgraded Kinaxis from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$205.00.

Kinaxis Price Performance

The company has a 50 day moving average of C$180.83 and a 200-day moving average of C$173.54. The firm has a market capitalization of C$3.94 billion, a P/E ratio of 194.24, a P/E/G ratio of 3.60 and a beta of 0.78. The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12.

Insider Transactions at Kinaxis

In related news, Senior Officer Mark Justin Morgan sold 7,397 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of C$194.79, for a total transaction of C$1,440,849.79. Also, Senior Officer Conrad John Mandala sold 200 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$197.30, for a total value of C$39,460.00. Following the sale, the insider now owns 703 shares in the company, valued at approximately C$138,701.90. The trade was a 22.15% decrease in their position. In the last quarter, insiders sold 65,043 shares of company stock valued at $12,471,505. Corporate insiders own 1.20% of the company's stock.

About Kinaxis

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.