Vasile Gelu Ticala Sells 961 Shares of Kinaxis (TSE:KXS) Stock

Kinaxis Inc. (TSE:KXS) insider Vasile Gelu Ticala sold 961 shares of the business’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$170,750.48. Following the completion of the sale, the insider owned 596 shares in the company, valued at C$105,897.28. The trade was a 61.72% decrease in their ownership of the stock.

Kinaxis Trading Up 2.3%

Shares of TSE:KXS opened at C$177.14 on Friday. 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. Kinaxis Inc. has a 1-year low of C$117.22 and a 1-year high of C$192.14. The company has a debt-to-equity ratio of 11.14, a quick ratio of 2.29 and a current ratio of 1.88. The company has a 50 day moving average price of C$164.49 and a 200 day moving average price of C$150.36.

Kinaxis (TSE:KXS) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C$1.08 earnings per share (EPS) for the quarter. Kinaxis had a return on equity of 20.88% and a net margin of 14.40%.The company had revenue of C$230.64 million for the quarter. On average, research analysts anticipate that Kinaxis Inc. will post 4.2526231 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on KXS. Royal Bank Of Canada set a C$210.00 target price on Kinaxis and gave the company an “outperform” rating in a report on Wednesday, August 26th. Canadian Imperial Bank of Commerce lifted their price target on Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. National Bank Financial boosted their price objective on Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Finally, BMO Capital Markets upped 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 research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price 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.