Kinaxis Inc. (TSE:KXS) Senior Officer Megan Paterson Sells 9,512 Shares

Kinaxis Inc. (TSE:KXS) Senior Officer Megan Paterson sold 9,512 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$167.76, for a total transaction of C$1,595,735.02. Following the sale, the insider now directly owns 121 shares of the company’s stock, valued at C$20,298.98. This represents a 98.74 % decrease in their position.

Megan Paterson also recently made the following trade(s):

• On Friday, September 13th, Megan Paterson sold 3,172 shares of Kinaxis stock. The stock was sold at an average price of C$156.28, for a total value of C$495,720.16.

Kinaxis Trading Up 0.6 %

Shares of KXS stock opened at C$171.66 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 2.29 and a debt-to-equity ratio of 12.40. Kinaxis Inc. has a twelve month low of C$132.93 and a twelve month high of C$174.25. The company’s 50-day moving average price is C$160.91 and its 200-day moving average price is C$156.08. The stock has a market cap of C$4.85 billion, a price-to-earnings ratio of 170.59, a PEG ratio of 3.60 and a beta of 0.78.

Kinaxis (TSE:KXS) last posted its earnings results on Wednesday, October 30th. The company reported C$0.47 earnings per share for the quarter, beating the consensus estimate of C$0.43 by C$0.04. Kinaxis had a net margin of 4.59% and a return on equity of 4.87%. The company had revenue of C$165.79 million for the quarter, compared to analyst estimates of C$170.56 million. As a group, equities analysts predict that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on KXS. TD Securities reduced their target price on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating for the company in a report on Friday, November 1st. ATB Capital increased their price objective on Kinaxis from C$205.00 to C$215.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Stifel Nicolaus lowered their target price on shares of Kinaxis from C$210.00 to C$195.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Scotiabank reduced their target price on shares of Kinaxis from C$200.00 to C$190.00 in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$192.67.

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.