Mark Justin Morgan Sells 3,000 Shares of Kinaxis (TSE:KXS) Stock

Kinaxis Inc. (TSE:KXS) insider Mark Justin Morgan sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of C$172.25, for a total value of C$516,750.00. Following the transaction, the insider owned 10,299 shares of the company’s stock, valued at approximately C$1,774,002.75. The trade was a 22.56% decrease in their ownership of the stock.

Kinaxis Price Performance

Shares of TSE:KXS traded down C$1.52 on Wednesday, hitting C$169.22. The company’s stock had a trading volume of 65,898 shares, compared to its average volume of 122,506. The company has a 50-day simple moving average of C$158.22 and a 200 day simple moving average of C$145.34. Kinaxis Inc. has a 1 year low of C$117.22 and a 1 year high of C$201.00. The company has a market capitalization of C$4.60 billion, a PE ratio of 55.30, a PEG 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 issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.08 EPS 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. Sell-side analysts forecast that Kinaxis Inc. will post 4.2526231 EPS for the current fiscal year.

Analysts Set New Price Targets

KXS has been the subject of several research reports. National Bank Financial 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, August 7th. Royal Bank Of Canada raised their price target 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 lifted their price target on Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. Stifel Nicolaus cut their price objective on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Finally, BMO Capital Markets increased their price objective on Kinaxis from C$195.00 to C$200.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Kinaxis currently has a consensus rating of “Buy” and an average price target 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.