Kinaxis Inc. (TSE:KXS - Get Free Report) Senior Officer Vasile Gelu Ticala sold 3,000 shares of Kinaxis stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of C$174.50, for a total transaction of C$523,500.00. Following the completion of the sale, the insider now owns 596 shares of the company's stock, valued at C$104,002. This trade represents a 83.43 % decrease in their position.
Kinaxis Stock Up 1.3 %
Shares of Kinaxis stock opened at C$179.43 on Thursday. The company has a quick ratio of 2.29, a current ratio of 1.90 and a debt-to-equity ratio of 12.40. Kinaxis Inc. has a 52-week low of C$132.93 and a 52-week high of C$179.63. The company has a market capitalization of C$5.07 billion, a P/E ratio of 179.43, a P/E/G ratio of 3.60 and a beta of 0.78. The company has a 50 day moving average of C$162.23 and a 200 day moving average of C$156.70.
Kinaxis (TSE:KXS - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported C$0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.43 by C$0.04. The business had revenue of C$165.79 million during the quarter, compared to analysts' expectations of C$170.56 million. Kinaxis had a net margin of 4.59% and a return on equity of 4.87%. As a group, research analysts forecast that Kinaxis Inc. will post 4.2526231 EPS for the current fiscal year.
Analyst Ratings Changes
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A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus dropped their price objective on Kinaxis from C$210.00 to C$195.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Scotiabank dropped their target price on Kinaxis from C$200.00 to C$190.00 in a research report on Thursday, August 29th. TD Securities reduced their price target on shares of Kinaxis from C$195.00 to C$190.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Finally, ATB Capital lifted their price objective on shares of Kinaxis from C$205.00 to C$215.00 and gave the company an "outperform" rating in a report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Kinaxis has a consensus rating of "Moderate Buy" and an average price target of C$192.67.
Read Our Latest Stock Analysis on Kinaxis
About Kinaxis
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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.
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