Mark Justin Morgan Sells 3,000 Shares of Kinaxis (TSE:KXS) Stock

Kinaxis Inc. (TSE:KXS) insider Mark Justin Morgan sold 3,000 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of C$172.25, for a total transaction of C$516,750.00. Following the transaction, the insider directly owned 10,299 shares in the company, valued at approximately C$1,774,002.75. The trade was a 22.56% decrease in their ownership of the stock.

Kinaxis Stock Up 2.5%

Shares of TSE KXS opened at C$175.11 on Friday. The company’s 50-day simple moving average is C$158.56 and its 200-day simple moving average is C$145.68. Kinaxis Inc. has a 52-week low of C$117.22 and a 52-week high of C$200.22. The firm has a market cap of C$4.76 billion, a price-to-earnings ratio of 57.23, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76. The company has a quick ratio of 2.29, a current ratio of 1.88 and a debt-to-equity ratio of 11.14.

Kinaxis (TSE:KXS) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$1.08 earnings per share for the quarter. The firm had revenue of C$230.64 million during the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. Equities analysts predict that Kinaxis Inc. will post 4.2526231 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. National Bank Financial increased their target price on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Canadian Imperial Bank of Commerce lifted their price target on Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. Stifel Nicolaus dropped their price target on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. BMO Capital Markets increased their price objective on Kinaxis from C$195.00 to C$200.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, Royal Bank Of Canada raised their price objective on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$203.12.

Kinaxis Company Profile

Kinaxis is a leader in modern supply chain orchestration, powering complex global supply chains, and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain – from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today’s volatility and disruption.