Gillian (Jill) Denham Sells 15,968 Shares of Kinaxis (TSE:KXS) Stock

Kinaxis Inc. (TSE:KXS) Director Gillian (Jill) Denham sold 15,968 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of C$171.36, for a total value of C$2,736,276.48. Following the completion of the sale, the director directly owned 18,732 shares of the company’s stock, valued at C$3,209,915.52. This represents a 46.02% decrease in their ownership of the stock.

Kinaxis Stock Up 2.5%

Kinaxis stock opened at C$175.11 on Friday. The stock’s 50 day moving average price is C$158.56 and its 200 day moving average price is C$145.68. Kinaxis Inc. has a 1-year low of C$117.22 and a 1-year high of C$200.22. The company has a market cap of C$4.76 billion, a PE ratio of 57.23, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76. The company has a debt-to-equity ratio of 11.14, a current ratio of 1.88 and a quick ratio of 2.29.

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

Analysts Set New Price Targets

Several analysts recently commented on KXS shares. Stifel Nicolaus reduced their price objective on shares of Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Royal Bank Of Canada upped their target price on shares of Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. BMO Capital Markets increased their target price on shares of Kinaxis from C$195.00 to C$200.00 and gave the company an “outperform” rating in a report on Friday, August 7th. National Bank Financial lifted their price target 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. Finally, Canadian Imperial Bank of Commerce boosted their price target on Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently 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.