Insider Selling: Kinaxis (TSE:KXS) Insider Sells C$120,536.38 in Stock

Kinaxis Inc. (TSE:KXS) insider Andrew William Robert Bell sold 703 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at C$249,474.30. The trade was a 32.58% decrease in their ownership of the stock.

Kinaxis Stock Performance

KXS stock traded up C$4.83 during trading on Wednesday, reaching C$177.17. The company had a trading volume of 38,605 shares, compared to its average volume of 120,983. The firm has a 50-day simple moving average of C$158.89 and a 200-day simple moving average of C$146.23. The company has a market cap of C$4.82 billion, a price-to-earnings ratio of 57.90, 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. Kinaxis Inc. has a twelve month low of C$117.22 and a twelve month high of C$196.63.

Kinaxis (TSE:KXS) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$1.08 earnings per share (EPS) for the quarter. The business 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, sell-side analysts expect that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KXS shares. National Bank Financial upped 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. BMO Capital Markets lifted their price target on Kinaxis from C$195.00 to C$200.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce raised their price objective on Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. Stifel Nicolaus decreased their target price on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada lifted their target price on Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus 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.