Kainos Group (LON:KNOS) Share Price Passes Above 50 Day Moving Average - Time to Sell?

Key Points

• Kainos Group shares rose above their 50-day moving average, reaching GBX 1,190 and last trading at GBX 1,186 on heavy volume. The stock’s 50-day average is GBX 995.52.
• Analysts remain broadly positive: five rate the shares “Buy” and one rates them “Hold,” producing a “Moderate Buy” consensus and an average price target of GBX 1,231.17.
• Despite the positive ratings, insider Richard McCann sold 760,911 shares for approximately £5.93 million. Kainos has a £1.37 billion market capitalization and trades at a P/E ratio of 33.79.

Kainos Group plc (LON:KNOS - Get Free Report)'s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 995.52 and traded as high as GBX 1,190. Kainos Group shares last traded at GBX 1,186, with a volume of 3,208,417 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KNOS shares. Berenberg Bank boosted their price target on shares of Kainos Group from GBX 1,185 to GBX 1,330 and gave the stock a "buy" rating in a research report on Wednesday, August 19th. Canaccord Genuity Group lifted their price objective on shares of Kainos Group from GBX 1,200 to GBX 1,315 and gave the company a "buy" rating in a report on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Kainos Group from GBX 920 to GBX 1,260 and gave the stock a "hold" rating in a report on Tuesday, August 18th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 1,231.17.

Kainos Group Trading Up 1.0%

The company has a debt-to-equity ratio of 6.11, a quick ratio of 1.59 and a current ratio of 1.17. The company's fifty day moving average is GBX 995.52 and its two-hundred day moving average is GBX 865.84. The company has a market cap of £1.37 billion, a price-to-earnings ratio of 33.79, a P/E/G ratio of 2.15 and a beta of 0.87.

Insider Activity

In related news, insider Richard McCann sold 760,911 shares of Kainos Group stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of GBX 779, for a total value of £5,927,496.69. 19.72% of the stock is currently owned by insiders.

Kainos Group Company Profile

Kainos Group plc engages in the provision of digital technology services in the United Kingdom, Ireland, North America, Central Europe, and internationally. It operates through three segments: Digital Services, Workday Services, and Workday Products. The Digital Services segment develops and supports custom digital service platforms for transforming service delivery in public, commercial, and healthcare sectors. The Workday Services segment provides consulting, project management, integration, and post deployment services for Workday's software suite, which includes cloud-based software for human capital management, and financial management, and adaptive planning.

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