Kinaxis (TSE:KXS) Stock Passes Above Fifty Day Moving Average - Should You Sell?

Shares of Kinaxis Inc. (TSE:KXS - Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$199.27 and traded as high as C$202.33. Kinaxis shares last traded at C$201.24, with a volume of 19,476 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. ATB Capital cut Kinaxis from an "outperform" rating to a "sector perform" rating and set a C$210.00 target price on the stock. in a research note on Friday, May 9th. Atb Cap Markets cut Kinaxis from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. BMO Capital Markets upped their target price on Kinaxis from C$190.00 to C$225.00 in a research note on Friday, May 9th. Royal Bank Of Canada upped their target price on Kinaxis from C$210.00 to C$225.00 in a research note on Friday, May 9th. Finally, Stifel Nicolaus upped their target price on Kinaxis from C$195.00 to C$225.00 in a research note on Friday, May 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$205.00.

Kinaxis Price Performance

The company has a market cap of C$4.05 billion, a PE ratio of 199.73, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. 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 stock has a 50 day moving average of C$199.27 and a 200-day moving average of C$178.93.

Insider Buying and Selling at Kinaxis

In other Kinaxis news, Senior Officer David Peter Kelly sold 8,466 shares of Kinaxis stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of C$196.76, for a total transaction of C$1,665,769.31. Also, Senior Officer Christopher John Blaine Fitzgerald sold 39,163 shares of Kinaxis stock in a transaction dated Monday, May 12th. The shares were sold at an average price of C$192.51, for a total value of C$7,539,159.47. In the last three months, insiders have sold 77,493 shares of company stock worth $15,063,388. Insiders own 1.20% of the company's stock.

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.