Kinaxis Inc. (TSE:KXS – Get Rating) Senior Officer Michael David Mauger sold 4,000 shares of the business’s stock in a transaction dated Friday, December 23rd. The stock was sold at an average price of C$146.01, for a total transaction of C$584,036.00.
Kinaxis Trading Down 0.9 %
Shares of Kinaxis stock traded down C$1.40 during mid-day trading on Friday, hitting C$147.00. The stock had a trading volume of 47,198 shares, compared to its average volume of 63,469. The firm has a 50-day moving average of C$148.43 and a two-hundred day moving average of C$146.05. Kinaxis Inc. has a 12-month low of C$119.48 and a 12-month high of C$182.79. The company has a quick ratio of 2.29, a current ratio of 2.38 and a debt-to-equity ratio of 15.60. The firm has a market cap of C$4.10 billion and a P/E ratio of 350.00.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the stock. Scotiabank set a C$203.00 target price on shares of Kinaxis and gave the stock an “outperform” rating in a research note on Monday, September 26th. ATB Capital upped their price objective on shares of Kinaxis from C$190.00 to C$200.00 in a research note on Monday, November 7th. CIBC upped their price objective on shares of Kinaxis from C$190.00 to C$200.00 in a research note on Monday, December 12th. TD Securities dropped their price objective on shares of Kinaxis from C$215.00 to C$200.00 and set a “buy” rating for the company in a research note on Monday, November 7th. Finally, BMO Capital Markets dropped their price objective on shares of Kinaxis from C$200.00 to C$185.00 in a research note on Monday, November 7th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$208.11.
About Kinaxis
Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Japan, Hong Kong, The Netherlands, South Korea, the United Kingdom, Singapore, France, Ireland, Germany, India, and Canada. It offers Kinaxis, a cloud-based software-as-a-service platform, which provides advanced planning, sales and operations planning, supply and demand planning, inventory management, and command and control center services.