Insider Selling at Kinaxis Inc.

On November 4th, David Peter Kelly, a Senior Officer at Kinaxis Inc. (TSE:KXS), executed a sale of 1,500 shares of the company's stock. The transaction was conducted at an average price of C$162.21 per share, resulting in a total value of C$243,319.95 for the sale.

Recent Performance of Kinaxis Stock

As of Wednesday, Kinaxis stock opened at C$165.93. The company demonstrates a debt-to-equity ratio of 12.40, along with a quick ratio of 2.29 and a current ratio of 1.90. The market capitalization of Kinaxis is approximately C$4.69 billion, with a price-to-earnings ratio standing at 165.93, and a PEG ratio of 3.60. The stock has shown a one-year low of C$132.93 and a one-year high of C$172.83. In addition, the fifty-day moving average price is C$155.78, while the two-hundred-day moving average is C$154.51.

Kinaxis released its latest quarterly earnings report on October 30th, where it reported earnings per share (EPS) of C$0.47 for the quarter, surpassing analysts' expectations of C$0.43 by C$0.04. The company recorded a net margin of 4.59% and a return on equity of 4.87%. The revenue for the quarter was reported at C$165.79 million, which was below analyst predictions of C$170.56 million. Looking ahead, analysts project that Kinaxis will achieve an EPS of approximately 4.25 for the current fiscal year.

Analyst Ratings and Market Sentiment

Several research firms have recently provided updates on Kinaxis shares. ATB Capital has raised its price target for the stock from C$205.00 to C$215.00 while maintaining an "outperform" rating as of November 1st. Meanwhile, TD Securities adjusted their target price from C$195.00 to C$190.00 with a "buy" rating also issued on the same date. Earlier, Scotiabank had reduced its price target from C$200.00 to C$190.00. In a report released on August 2nd, Stifel Nicolaus cut their price goal from C$210.00 to C$195.00 while retaining a "buy" rating. Currently, according to MarketBeat data, the stock has an average rating of "Moderate Buy" and a consensus target price set at C$192.67.

About Kinaxis

Kinaxis Inc. offers cloud-based subscription software for managing supply chain operations across regions including the United States, Europe, Asia, and Canada. One of its key products is RapidResponse, a platform that provides tools for advanced planning, sales and operations planning, supply and demand management, inventory oversight, and control center functions.

Insider, Selling, Stocks