Insider Selling: Kinaxis (TSE:KXS) Insider Sells C$516,750.00 in Stock

Kinaxis Inc. (TSE:KXS) insider Mark Justin Morgan sold 3,000 shares of Kinaxis stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of C$172.25, for a total value of C$516,750.00. Following the completion of the sale, the insider directly owned 10,299 shares of the company’s stock, valued at approximately C$1,774,002.75. This trade represents a 22.56% decrease in their position.

Kinaxis Stock Performance

Kinaxis stock traded down C$1.52 during midday trading on Wednesday, reaching C$169.22. The stock had a trading volume of 65,898 shares, compared to its average volume of 122,506. The firm has a market capitalization of C$4.60 billion, a PE ratio of 55.30, a P/E/G 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$201.00. The company has a quick ratio of 2.29, a current ratio of 1.88 and a debt-to-equity ratio of 11.14. The firm’s 50-day moving average price is C$158.22 and its 200 day moving average price is C$145.34.

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

Analyst Ratings Changes

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