Insider Selling: Kinaxis (TSE:KXS) Director Sells C$956,527.18 in Stock

Kinaxis Inc. (TSE:KXS) Director Robert Courteau sold 5,362 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of C$178.39, for a total value of C$956,527.18. Following the completion of the sale, the director owned 37,898 shares in the company, valued at C$6,760,624.22. This represents a 12.39% decrease in their ownership of the stock.

Kinaxis Price Performance

Shares of TSE:KXS opened at C$177.34 on Friday. The firm has a market capitalization of C$4.82 billion, a PE ratio of 57.95, a P/E/G ratio of 3.60 and a beta of 0.76. 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 company has a 50-day moving average price of C$161.58 and a two-hundred day moving average price of C$148.57. Kinaxis Inc. has a twelve month low of C$117.22 and a twelve month high of C$192.14.

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

Analyst Upgrades and Downgrades

KXS has been the subject of several recent research reports. Royal Bank Of Canada set a C$210.00 price target on Kinaxis and gave the company an “outperform” rating in a research report on Wednesday. Canadian Imperial Bank of Commerce increased their price objective on Kinaxis from C$173.00 to C$205.00 in a report on Friday, June 5th. National Bank Financial raised their target price on Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. BMO Capital Markets lifted their target price on Kinaxis from C$195.00 to C$200.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, Stifel Nicolaus decreased their price target 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. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$203.12.

Kinaxis Company Profile

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.