Kinaxis (TSE:KXS) Insider Sells C$284,821.04 in Stock

Kinaxis Inc. (TSE:KXS) insider David Peter Kelly sold 1,603 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of C$177.68, for a total transaction of C$284,821.04. Following the completion of the sale, the insider directly owned 358 shares of the company’s stock, valued at C$63,609.44. The trade was a 81.74% decrease in their ownership of the stock.

Kinaxis Price Performance

Kinaxis stock opened at C$177.17 on Friday. Kinaxis Inc. has a 52 week low of C$117.22 and a 52 week high of C$192.14. The company’s 50 day moving average price is C$164.94 and its two-hundred day moving average price is C$150.55. The company has a quick ratio of 2.29, a current ratio of 1.88 and a debt-to-equity ratio of 11.14. The stock has a market cap of C$4.82 billion, a P/E ratio of 57.90, a P/E/G ratio of 3.60 and a beta of 0.76.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KXS. National Bank Financial boosted their price target on shares of Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Canadian Imperial Bank of Commerce increased their price target on shares of Kinaxis from C$173.00 to C$205.00 in a report on Friday, June 5th. Royal Bank Of Canada set a C$210.00 price target on shares of Kinaxis and gave the stock an “outperform” rating in a report on Wednesday, August 26th. Finally, BMO Capital Markets lifted 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. Seven analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus 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.