Kinaxis (TSE:KXS) Insider Sells C$120,536.38 in Stock

Kinaxis Inc. (TSE:KXS) insider Andrew William Robert Bell sold 703 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of C$171.46, for a total transaction of C$120,536.38. Following the transaction, the insider directly owned 1,455 shares of the company’s stock, valued at C$249,474.30. The trade was a 32.58% decrease in their ownership of the stock.

Kinaxis Stock Up 1.2%

Shares of Kinaxis stock opened at C$179.75 on Friday. The company has a market cap of C$4.89 billion, a price-to-earnings ratio of 58.74, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76. The company’s 50 day moving average is C$159.68 and its 200 day moving average is C$146.99. Kinaxis Inc. has a twelve month low of C$117.22 and a twelve month high of C$196.63. 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 posted its earnings results on Wednesday, August 5th. The company reported C$1.08 EPS for the quarter. The business 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%. Research analysts anticipate that Kinaxis Inc. will post 4.2526231 EPS for the current year.

Analyst Upgrades and Downgrades

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