Kinaxis (TSE:KXS) Stock Crosses Below 50-Day Moving Average - Time to Sell?

Key Points

• Kinaxis Inc. stock price fell below its 50-day moving average of C$200.81, trading as low as C$196.64 before closing at C$197.91.
• Royal Bank of Canada raised its price target for Kinaxis shares from C$225.00 to C$235.00, while ATB Capital downgraded the stock from "outperform" to "sector perform" with a new price objective of C$210.00.
• Insiders have sold over 15,510 shares of Kinaxis stock valued at approximately C$3 million in the past three months, indicating significant insider selling activity.

Shares of Kinaxis Inc. (TSE:KXS - Get Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$200.81 and traded as low as C$196.64. Kinaxis shares last traded at C$197.91, with a volume of 112,766 shares.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Stifel Nicolaus upped 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. Atb Cap Markets downgraded shares of Kinaxis from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. BMO Capital Markets upped their price target on Kinaxis from C$190.00 to C$225.00 in a research report on Friday, May 9th. 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 report on Friday, May 9th. Finally, Royal Bank Of Canada raised their price target on shares of Kinaxis from C$225.00 to C$235.00 in a report on Friday, August 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$216.43.

Kinaxis Trading Up 0.7%

The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12. The firm has a market cap of C$3.98 billion, a P/E ratio of 196.48, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. The company's fifty day moving average price is C$200.82 and its two-hundred day moving average price is C$182.77.

Insider Transactions at Kinaxis

In other Kinaxis news, Senior Officer Conrad John Mandala sold 200 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$197.30, for a total value of C$39,460.00. Following the completion of the transaction, the insider owned 703 shares in the company, valued at C$138,701.90. This represents a 22.15% decrease in their position. Also, Senior Officer Michael David Mauger sold 1,310 shares of the firm's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of C$198.66, for a total value of C$260,242.24. Insiders sold a total of 15,510 shares of company stock worth $3,077,806 over the last ninety days. Corporate insiders own 1.20% of the company's stock.

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.