Kinaxis (TSE:KXS) Insider Sells C$538,440.00 in Stock

Kinaxis Inc. (TSE:KXS) insider Andrew William Robert Bell sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of C$179.48, for a total value of C$538,440.00. Following the sale, the insider owned 1,455 shares of the company’s stock, valued at C$261,143.40. The trade was a 67.34% decrease in their ownership of the stock.

Andrew William Robert Bell also recently made the following trade(s):

• On Friday, August 14th, Andrew William Robert Bell sold 703 shares of Kinaxis stock. The shares were sold at an average price of C$171.46, for a total value of C$120,536.38.

Kinaxis Price Performance

Shares of KXS opened at C$171.89 on Thursday. The business’s 50-day moving average is C$160.96 and its 200-day moving average is C$148.22. The company has a debt-to-equity ratio of 11.14, a current ratio of 1.88 and a quick ratio of 2.29. The company has a market capitalization of C$4.67 billion, a price-to-earnings ratio of 56.17, a P/E/G ratio of 3.60 and a beta of 0.76. Kinaxis Inc. has a fifty-two week low of C$117.22 and a fifty-two week high of C$192.14.

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

Analyst Ratings Changes

Several equities analysts have recently commented on KXS shares. BMO Capital Markets boosted 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. Canadian Imperial Bank of Commerce lifted their price objective on Kinaxis from C$173.00 to C$205.00 in a research report on Friday, June 5th. Royal Bank Of Canada set a C$210.00 target price on Kinaxis and gave the stock an “outperform” rating in a research report on Wednesday. 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 report on Wednesday, May 6th. Finally, National Bank Financial increased 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. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus 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.