Insider Selling: Kinaxis (TSE:KXS) Insider Sells C$170,750.48 in Stock

Kinaxis Inc. (TSE:KXS) insider Vasile Gelu Ticala sold 961 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of C$177.68, for a total value of C$170,750.48. Following the completion of the sale, the insider directly owned 596 shares of the company’s stock, valued at C$105,897.28. This represents a 61.72% decrease in their ownership of the stock.

Kinaxis Stock Performance

Shares of KXS traded down C$1.31 during mid-day trading on Wednesday, hitting C$172.69. The stock had a trading volume of 73,919 shares, compared to its average volume of 123,501. Kinaxis Inc. has a 52 week low of C$117.22 and a 52 week high of C$192.14. The company has a debt-to-equity ratio of 11.14, a current ratio of 1.88 and a quick ratio of 2.29. The business has a fifty day moving average price of C$163.47 and a 200-day moving average price of C$149.65. The firm has a market cap of C$4.70 billion, a P/E ratio of 56.43, a PEG ratio of 3.60 and a beta of 0.76.

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Stifel Nicolaus lowered their price target on shares of 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. Canadian Imperial Bank of Commerce lifted their price objective on shares of Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. Royal Bank Of Canada set a C$210.00 target price on shares of Kinaxis and gave the company an “outperform” rating in a report on Wednesday, August 26th. BMO Capital Markets increased their target price on Kinaxis from C$195.00 to C$200.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Finally, National Bank Financial raised their price target on Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kinaxis presently has an average 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.