Kainos Group (LON:KNOS) Shares Pass Above 50 Day Moving Average - Time to Sell?

Key Points

• Kainos Group shares rose above their 50-day moving average, reaching GBX 1,256 before closing at GBX 1,240, well above the GBX 944.27 50-day average.
• Analyst sentiment remains positive, with five Buy ratings and one Hold rating producing a consensus “Moderate Buy” rating and an average target price of GBX 1,231.17.
• Insider Richard McCann sold 760,911 shares for approximately £5.93 million, while Kainos has a £1.43 billion market capitalization and a price-to-earnings ratio of 35.33.

Kainos Group plc (LON:KNOS - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 944.27 and traded as high as GBX 1,256. Kainos Group shares last traded at GBX 1,240, with a volume of 386,300 shares traded.

Wall Street Analysts Forecast Growth

KNOS has been the subject of several research reports. Deutsche Bank Aktiengesellschaft raised their target price on Kainos Group from GBX 920 to GBX 1,260 and gave the stock a "hold" rating in a research report on Tuesday, August 18th. Canaccord Genuity Group boosted their price target 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, Berenberg Bank increased their price objective on shares of Kainos Group from GBX 1,185 to GBX 1,330 and gave the company a "buy" rating in a research note on Wednesday, August 19th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,231.17.

Kainos Group Stock Performance

The stock has a market cap of £1.43 billion, a price-to-earnings ratio of 35.33, a P/E/G ratio of 2.15 and a beta of 0.83. The company has a current ratio of 1.17, a quick ratio of 1.59 and a debt-to-equity ratio of 6.11. The firm has a fifty day simple moving average of GBX 944.27 and a 200-day simple moving average of GBX 846.04.

Insider Buying and Selling at Kainos Group

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

About Kainos Group

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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