Vasile Gelu Ticala Sells 3,000 Shares of Kinaxis Inc. (TSE:KXS) Stock

Kinaxis Inc. (TSE:KXS) Senior Officer Vasile Gelu Ticala sold 3,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of C$174.50, for a total value of C$523,500.00. Following the sale, the insider now owns 596 shares in the company, valued at approximately C$104,002. This represents a 83.43 % decrease in their position.

Kinaxis Stock Performance

Kinaxis stock opened at C$179.11 on Friday. Kinaxis Inc. has a fifty-two week low of C$132.93 and a fifty-two week high of C$182.05. The firm’s fifty day moving average price is C$162.75 and its 200-day moving average price is C$156.90. The stock has a market cap of C$5.06 billion, a P/E ratio of 179.11, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. The company has a debt-to-equity ratio of 12.40, a quick ratio of 2.29 and a current ratio of 1.90.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KXS shares. ATB Capital increased their price objective on Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Securities reduced their price objective on shares of 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. 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 decreased their price target on shares of Kinaxis from C$200.00 to C$190.00 in a report on Thursday, August 29th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average 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.