Megan Paterson Sells 3,172 Shares of Kinaxis Inc. (TSE:KXS) Stock

Kinaxis Inc. (TSE:KXS) Senior Officer Megan Paterson sold 3,172 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$156.28, for a total value of C$495,720.16. Following the sale, the insider now owns 121 shares in the company, valued at C$18,909.88.

Kinaxis Stock Down 0.8 %

TSE:KXS opened at C$153.25 on Wednesday. The stock has a 50-day simple moving average of C$155.30 and a 200 day simple moving average of C$152.52. Kinaxis Inc. has a one year low of C$129.13 and a one year high of C$172.83. The company has a market capitalization of C$4.33 billion, a price-to-earnings ratio of 156.38, a price-to-earnings-growth ratio of 3.60 and a beta of 0.77. 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 earnings results on Wednesday, July 31st. The company reported C$0.42 EPS for the quarter, topping the consensus estimate of C$0.27 by C$0.15. The company had revenue of C$161.83 million during the quarter, compared to analyst estimates of C$160.55 million. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. Sell-side analysts predict that Kinaxis Inc. will post 4.2961093 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on KXS shares. CIBC lowered shares of Kinaxis from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from C$180.00 to C$154.00 in a research note on Friday, June 21st. Stifel Nicolaus dropped their price target 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. Scotiabank dropped their target price on Kinaxis from C$200.00 to C$190.00 in a research report on Thursday, August 29th. TD Securities cut their price target on Kinaxis from C$200.00 to C$195.00 in a research note on Friday, August 2nd. Finally, ATB Capital lowered their price objective on Kinaxis from C$215.00 to C$205.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$192.11.

Kinaxis Company Profile

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.