Kinaxis (TSE:KXS) Insider Andrew William Robert Bell Sells 703 Shares of Stock

Kinaxis Inc. (TSE:KXS) insider Andrew William Robert Bell sold 703 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of C$171.46, for a total transaction of C$120,536.38. Following the completion of the sale, the insider owned 1,455 shares of the company’s stock, valued at C$249,474.30. This trade represents a 32.58% decrease in their position.

Kinaxis Stock Performance

TSE KXS opened at C$177.15 on Thursday. The stock has a market capitalization of C$4.82 billion, a price-to-earnings ratio of 57.89, a PEG ratio of 3.60 and a beta of 0.76. The business’s 50 day moving average is C$159.15 and its two-hundred day moving average is C$146.48. Kinaxis Inc. has a 12-month low of C$117.22 and a 12-month high of C$196.63. The company has a current ratio of 1.88, a quick ratio of 2.29 and a debt-to-equity ratio of 11.14.

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

Analyst Upgrades and Downgrades

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