Insider Selling: Kinaxis Inc. (TSE:KXS) Senior Officer Sells C$667,584.00 in Stock

Kinaxis Inc. (TSE:KXS) Senior Officer Claire Ruth Rychlewski sold 4,392 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of C$152.00, for a total value of C$667,584.00.

Kinaxis Trading Up 2.0 %

Shares of Kinaxis stock opened at C$154.71 on Monday. The company has a quick ratio of 2.29, a current ratio of 2.53 and a debt-to-equity ratio of 11.91. The firm has a market cap of C$4.39 billion, a price-to-earnings ratio of 214.88, a price-to-earnings-growth 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$172.83. The company’s 50-day simple moving average is C$156.22 and its 200-day simple moving average is C$154.00.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Scotiabank decreased their price objective on Kinaxis from C$200.00 to C$190.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Stifel Nicolaus decreased their price target on shares of 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. ATB Capital dropped their price objective on shares of Kinaxis from C$215.00 to C$205.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. TD Securities reduced their target price on shares of Kinaxis from C$200.00 to C$195.00 in a report on Friday, August 2nd. Finally, CIBC lowered Kinaxis from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from C$180.00 to C$154.00 in a report on Friday, June 21st. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kinaxis presently has an average rating of “Moderate Buy” and a consensus price target of C$192.11.

About Kinaxis

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.