Kinaxis (TSE:KXS) Insider Sells C$168,545.18 in Stock

Kinaxis Inc. (TSE:KXS) insider Megan Paterson sold 983 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of C$171.46, for a total value of C$168,545.18. Following the completion of the sale, the insider directly owned 320 shares in the company, valued at C$54,867.20. This trade represents a 75.44% decrease in their ownership of the stock.

Kinaxis Stock Up 1.2%

Shares of TSE KXS opened at C$179.75 on Friday. The company has a current ratio of 1.88, a quick ratio of 2.29 and a debt-to-equity ratio of 11.14. The company has a market cap of C$4.89 billion, a price-to-earnings ratio of 58.74, a PEG ratio of 3.60 and a beta of 0.76. Kinaxis Inc. has a 12 month low of C$117.22 and a 12 month high of C$196.63. The stock has a 50-day moving average price of C$159.68 and a two-hundred day moving average price of C$146.99.

Kinaxis (TSE:KXS) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C$1.08 earnings per share 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%. As a group, analysts forecast that Kinaxis Inc. will post 4.2526231 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KXS. Stifel Nicolaus dropped their price target on 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. Canadian Imperial Bank of Commerce upped their target price on Kinaxis from C$173.00 to C$205.00 in a report on Friday, June 5th. National Bank Financial increased their target price on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Royal Bank Of Canada lifted their price target on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, BMO Capital Markets boosted their price target on Kinaxis from C$195.00 to C$200.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average 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.