Robert Courteau Sells 5,362 Shares of Kinaxis (TSE:KXS) Stock

Kinaxis Inc. (TSE:KXS) Director Robert Courteau sold 5,362 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of C$178.39, for a total value of C$956,527.18. Following the sale, the director owned 37,898 shares of the company’s stock, valued at C$6,760,624.22. The trade was a 12.39% decrease in their position.

Kinaxis Stock Down 2.1%

KXS opened at C$171.89 on Thursday. Kinaxis Inc. has a 1 year low of C$117.22 and a 1 year high of C$192.14. The firm has a 50 day moving average price of C$160.96 and a 200 day moving average price of C$148.22. 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 market cap of C$4.67 billion, a PE ratio of 56.17, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76.

Kinaxis (TSE:KXS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$1.08 earnings per share for the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. The firm had revenue of C$230.64 million for the quarter. Sell-side analysts expect that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Analyst Ratings Changes

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