Conrad John Mandala Sells 1,500 Shares of Kinaxis Inc. (TSE:KXS) Stock

Kinaxis Inc. (TSE:KXS) Senior Officer Conrad John Mandala sold 1,500 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of C$178.02, for a total value of C$267,031.95. Following the sale, the insider now owns 495 shares of the company’s stock, valued at C$88,120.54. This represents a 75.19 % decrease in their position.

Kinaxis Stock Performance

Kinaxis stock opened at C$178.61 on Thursday. The company’s 50-day moving average price is C$170.26 and its 200-day moving average price is C$160.56. The company has a quick ratio of 2.29, a current ratio of 1.90 and a debt-to-equity ratio of 12.40. The company has a market cap of C$5.04 billion, a PE ratio of 178.61, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. Kinaxis Inc. has a twelve month low of C$132.93 and a twelve month high of C$190.17.

Kinaxis (TSE:KXS) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$0.47 earnings per share for the quarter, topping the consensus estimate of C$0.43 by C$0.04. The company had revenue of C$165.79 million for the quarter, compared to analysts’ expectations of C$170.56 million. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. On average, equities research analysts forecast that Kinaxis Inc. will post 4.2526231 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KXS has been the subject of several recent analyst reports. TD Securities dropped their price target on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating for the company in a research note on Friday, November 1st. ATB Capital upped their target price on shares of Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Scotiabank reduced their price target on shares of Kinaxis from C$200.00 to C$190.00 in a report on Thursday, August 29th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$192.67.

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.