Kinaxis (TSE:KXS) Insider Sells C$384,721.00 in Stock

Kinaxis Inc. (TSE:KXS) insider James Alexander Hollingworth sold 2,150 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of C$178.94, for a total transaction of C$384,721.00. Following the completion of the transaction, the insider owned 4,772 shares in the company, valued at approximately C$853,901.68. This trade represents a 31.06% decrease in their ownership of the stock.

Kinaxis Trading Down 1.9%

Shares of TSE KXS traded down C$3.33 during midday trading on Monday, reaching C$173.40. 54,227 shares of the stock were exchanged, compared to its average volume of 125,290. The stock has a 50 day moving average price of C$168.71 and a 200-day moving average price of C$154.19. The company has a current ratio of 1.88, a quick ratio of 2.29 and a debt-to-equity ratio of 11.14. The company has a market capitalization of C$4.71 billion, a P/E ratio of 56.67, a P/E/G ratio of 3.60 and a beta of 0.71. Kinaxis Inc. has a 52-week low of C$117.22 and a 52-week high of C$186.98.

Kinaxis (TSE:KXS) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$1.08 earnings per share (EPS) for the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. The business had revenue of C$230.64 million for the quarter. 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 equities research analysts have recently commented on the company. Royal Bank Of Canada set a C$210.00 price objective on Kinaxis and gave the company an “outperform” rating in a research report on Wednesday, August 26th. BMO Capital Markets raised their price target on Kinaxis from C$195.00 to C$200.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. National Bank Financial lifted their price target on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of Kinaxis from C$173.00 to C$205.00 in a report on Friday, June 5th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kinaxis presently has an average rating of “Buy” and a consensus target price of C$203.12.

About Kinaxis

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.