Andrew William Robert Bell Sells 703 Shares of Kinaxis (TSE:KXS) Stock

Kinaxis Inc. (TSE:KXS) insider Andrew William Robert Bell sold 703 shares of Kinaxis stock in a transaction on Friday, August 14th. The shares were sold at an average price of C$171.46, for a total transaction of C$120,536.38. Following the completion of the transaction, the insider directly owned 1,455 shares in the company, valued at C$249,474.30. The trade was a 32.58% decrease in their ownership of the stock.

Kinaxis Trading Up 0.2%

Shares of Kinaxis stock opened at C$177.54 on Friday. The company has a debt-to-equity ratio of 11.14, a quick ratio of 2.29 and a current ratio of 1.88. The company has a market capitalization of C$4.83 billion, a P/E ratio of 58.02, a PEG ratio of 3.60 and a beta of 0.76. Kinaxis Inc. has a 1 year low of C$117.22 and a 1 year high of C$196.63. The company’s fifty day moving average is C$159.36 and its two-hundred day moving average is C$146.76.

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

Analyst Ratings Changes

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