Kinaxis (TSE:KXS) Director Sells C$2,736,276.48 in Stock

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

Kinaxis Stock Performance

Shares of TSE KXS opened at C$173.22 on Friday. The company has a market capitalization of C$4.71 billion, a PE ratio of 56.61, 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 quick ratio of 2.29 and a current ratio of 1.88. The company’s fifty day moving average price is C$158.69 and its 200 day moving average price is C$145.87. Kinaxis Inc. has a 1 year low of C$117.22 and a 1 year high of C$199.71.

Kinaxis (TSE:KXS) last released its quarterly earnings data 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 during the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. On average, research analysts predict that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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