Insider Selling: Kinaxis Inc. (TSE:KXS) Insider Sells 27,900 Shares of Stock

Kinaxis Inc. (TSE:KXS) insider Richard George Monkman sold 27,900 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of C$73.35, for a total transaction of C$2,046,465.00.

Kinaxis Inc. (TSE KXS) traded up C$0.45 during trading on Friday, hitting C$75.11. 57,196 shares of the company’s stock traded hands, compared to its average volume of 88,011. Kinaxis Inc. has a one year low of C$57.48 and a one year high of C$91.98.

Several research analysts have recently issued reports on the stock. TD Securities lowered their target price on shares of Kinaxis from C$98.00 to C$93.00 and set a “buy” rating for the company in a report on Thursday, August 17th. Eight Capital increased their price target on shares of Kinaxis from C$90.00 to C$100.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Laurentian Bank of Canada cut their price objective on shares of Kinaxis from C$96.00 to C$83.00 and set a “hold” rating for the company in a research report on Thursday, August 17th. Canaccord Genuity upped their price objective on shares of Kinaxis from C$75.00 to C$100.00 and gave the stock a “hold” rating in a research report on Thursday, August 17th. Finally, CIBC downgraded shares of Kinaxis from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from C$100.00 to C$82.00 in a research report on Thursday, August 17th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$89.10.

COPYRIGHT VIOLATION WARNING: “Insider Selling: Kinaxis Inc. (TSE:KXS) Insider Sells 27,900 Shares of Stock” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another publication, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this article can be read at https://ledgergazette.com/2017/12/09/kinaxis-inc-kxs-insider-sells-c2046465-00-in-stock.html.

About Kinaxis

Kinaxis Inc is a provider of cloud-based subscription software for supply chain operations. The Company offers RapidResponse as a collection of cloud-based configurable applications. The Company’s RapidResponse product provides supply chain planning and analytics capabilities that create the foundation for managing multiple, interconnected supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment and capacity planning.

Insider Buying and Selling by Quarter for Kinaxis (TSE:KXS)

Receive News & Ratings for Kinaxis Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinaxis Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply