Kinaxis (TSE:KXS) Insider David Peter Kelly Sells 1,603 Shares of Stock

Kinaxis Inc. (TSE:KXS) insider David Peter Kelly sold 1,603 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of C$177.68, for a total transaction of C$284,821.04. Following the completion of the transaction, the insider owned 358 shares of the company’s stock, valued at approximately C$63,609.44. The trade was a 81.74% decrease in their ownership of the stock.

Kinaxis Price Performance

Shares of TSE KXS traded down C$1.31 during midday trading on Wednesday, reaching C$172.69. The stock had a trading volume of 73,919 shares, compared to its average volume of 123,501. The company has a market capitalization of C$4.70 billion, a price-to-earnings ratio of 56.43, a price-to-earnings-growth 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$192.14. The stock has a 50-day moving average of C$163.47 and a 200-day moving average of C$149.65. The company has a debt-to-equity ratio of 11.14, a quick ratio of 2.29 and a current ratio of 1.88.

Kinaxis (TSE:KXS) last released its 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, research analysts anticipate that Kinaxis Inc. will post 4.2526231 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KXS. National Bank Financial upped their price objective 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. Royal Bank Of Canada set a C$210.00 price target on Kinaxis and gave the stock an “outperform” rating in a report on Wednesday, August 26th. 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 raised their target price on shares of Kinaxis from C$173.00 to C$205.00 in a report on Friday, June 5th. 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 report on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average 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.