Kinaxis (TSE:KXS) Insider Megan Paterson Sells 983 Shares of Stock

Kinaxis Inc. (TSE:KXS) insider Megan Paterson sold 983 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of C$171.46, for a total transaction of C$168,545.18. Following the sale, the insider owned 320 shares in the company, valued at C$54,867.20. This represents a 75.44% decrease in their ownership of the stock.

Kinaxis Stock Up 2.8%

Shares of TSE:KXS opened at C$177.15 on Thursday. 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 Inc. has a 12 month low of C$117.22 and a 12 month high of C$196.63. The company has a 50-day moving average price of C$159.15 and a 200 day moving average price of C$146.48. The company has a market cap 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 (TSE:KXS) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.08 earnings per share 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. As a group, equities research analysts predict that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KXS shares. Royal Bank Of Canada increased their price target on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Stifel Nicolaus reduced their target price 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. National Bank Financial lifted their price target on shares of Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. BMO Capital Markets upped their price target on shares of Kinaxis from C$195.00 to C$200.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of Kinaxis from C$173.00 to C$205.00 in a report on Friday, June 5th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average 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.