Kinaxis (TSE:KXS) Insider Conrad John Mandala Sells 30,000 Shares

Kinaxis Inc. (TSE:KXS – Get Free Report) insider Conrad John Mandala sold 30,000 shares of Kinaxis stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$148.10, for a total transaction of C$4,443,000.00. Following the sale, the insider owned 820 shares of the company’s stock, valued at approximately C$121,442. The trade was a 97.34% decrease in their ownership of the stock.

Kinaxis Trading Down 4.1%

Shares of Kinaxis stock opened at C$137.99 on Thursday. Kinaxis Inc. has a 1 year low of C$117.22 and a 1 year high of C$212.45. The firm has a market cap of C$3.77 billion, a PE ratio of 46.94, a PEG ratio of 3.60 and a beta of 0.68. The company has a debt-to-equity ratio of 12.15, a current ratio of 1.72 and a quick ratio of 2.29. The company has a 50 day simple moving average of C$140.42 and a two-hundred day simple moving average of C$153.11.

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Kinaxis (TSE:KXS – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported C$1.45 earnings per share (EPS) for the quarter. Kinaxis had a net margin of 14.48% and a return on equity of 19.72%. The business had revenue of C$230.19 million during the quarter. Analysts expect that Kinaxis Inc. will post 4.2526231 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KXS shares. Royal Bank Of Canada lifted their price target on Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Stifel Nicolaus dropped their price target on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Canaccord Genuity Group dropped their price target on Kinaxis from C$225.00 to C$200.00 in a research note on Friday, March 6th. Canadian Imperial Bank of Commerce dropped their price target on Kinaxis from C$203.00 to C$171.00 in a research note on Friday, April 17th. Finally, BMO Capital Markets boosted their target price on Kinaxis from C$180.00 to C$185.00 in a research note on Friday, May 8th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$200.75.

Check Out Our Latest Stock Analysis on Kinaxis

About Kinaxis

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Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation. Kinaxis’s S&OP solution capabilities include supply and demand planning, capacity and inventory planning, and inventory management. The firm has operations in North America, Europe, and Asia-Pacific regions.

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