Kinaxis Inc. (TSE:KXS) Senior Officer James Alexander Hollingworth Sells 875 Shares

Kinaxis Inc. (TSE:KXS) Senior Officer James Alexander Hollingworth sold 875 shares of Kinaxis stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$155.82, for a total transaction of C$136,345.74. Following the completion of the transaction, the insider now directly owns 745 shares of the company’s stock, valued at approximately C$116,088.66.

Kinaxis Price Performance

TSE:KXS opened at C$154.71 on Wednesday. The company has a debt-to-equity ratio of 11.91, a quick ratio of 2.29 and a current ratio of 2.53. The firm has a market cap of C$4.39 billion, a price-to-earnings ratio of 217.89, a P/E/G ratio of 3.60 and a beta of 0.77. Kinaxis Inc. has a 52 week low of C$129.13 and a 52 week high of C$191.80. The firm’s 50-day simple moving average is C$151.14 and its 200 day simple moving average is C$152.33.

Kinaxis (TSE:KXS) last released its quarterly earnings results on Wednesday, February 28th. The company reported C$0.59 earnings per share for the quarter, missing the consensus estimate of C$0.68 by C($0.09). The firm had revenue of C$152.48 million for the quarter, compared to the consensus estimate of C$153.36 million. Kinaxis had a return on equity of 3.42% and a net margin of 3.38%. As a group, sell-side analysts predict that Kinaxis Inc. will post 2.9035879 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KXS. Scotiabank reduced their price objective on shares of Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. Royal Bank of Canada cut their price target on Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating for the company in a report on Friday, March 1st. Stifel Nicolaus decreased their price objective on Kinaxis from C$235.00 to C$215.00 and set a “buy” rating on the stock in a report on Friday, March 1st. BMO Capital Markets decreased their price target on Kinaxis from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. Finally, National Bankshares reduced their target price on Kinaxis from C$250.00 to C$225.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, Kinaxis has a consensus rating of “Buy” and an average target price of C$199.44.

Kinaxis Company Profile

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.