Kinaxis (TSE:KXS) Director Robert Courteau Sells 5,010 Shares

Kinaxis Inc. (TSE:KXS) Director Robert Courteau sold 5,010 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of C$151.39, for a total value of C$758,463.90. Following the transaction, the director directly owned 32,945 shares of the company’s stock, valued at C$4,987,543.55. This trade represents a 13.20% decrease in their position.

Kinaxis Price Performance

Shares of Kinaxis stock traded up C$13.31 during trading on Tuesday, reaching C$170.20. 294,390 shares of the company’s stock were exchanged, compared to its average volume of 137,146. The company has a debt-to-equity ratio of 12.15, a quick ratio of 2.29 and a current ratio of 1.72. Kinaxis Inc. has a 1-year low of C$117.22 and a 1-year high of C$212.45. The company has a market cap of C$4.65 billion, a P/E ratio of 57.89, a PEG ratio of 3.60 and a beta of 0.68. The firm’s 50-day moving average price is C$142.97 and its 200 day moving average price is C$150.56.

Kinaxis (TSE:KXS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$1.45 earnings per share for the quarter. The business had revenue of C$230.19 million for the quarter. Kinaxis had a return on equity of 19.72% and a net margin of 14.48%. As a group, research analysts anticipate that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Analyst Ratings Changes

KXS has been the topic of several research analyst reports. Stifel Nicolaus cut their target price on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. BMO Capital Markets upped their target price on Kinaxis from C$180.00 to C$185.00 in a report on Friday, May 8th. Canaccord Genuity Group reduced their target price on Kinaxis from C$225.00 to C$200.00 in a report on Friday, March 6th. Scotiabank reduced their price objective on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Finally, National Bank Financial reduced their price objective on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kinaxis has an average rating of “Buy” and a consensus price target of C$195.75.

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.