Kinaxis (TSE:KXS) Insider David Peter Kelly Sells 1,603 Shares

Kinaxis Inc. (TSE:KXS) insider David Peter Kelly sold 1,603 shares of Kinaxis stock in a transaction dated Monday, August 31st. The shares were sold at an average price of C$177.68, for a total transaction of C$284,821.04. Following the completion of the sale, the insider owned 358 shares in the company, valued at approximately C$63,609.44. This trade represents a 81.74% decrease in their position.

Kinaxis Stock Down 0.5%

KXS stock opened at C$173.15 on Thursday. The stock has a market capitalization of C$4.71 billion, a P/E ratio of 56.58, a P/E/G ratio of 3.60 and a beta of 0.76. The firm has a 50-day simple moving average of C$163.94 and a 200-day simple moving average of C$149.98. The company has a quick ratio of 2.29, a current ratio of 1.88 and a debt-to-equity ratio of 11.14. Kinaxis Inc. has a 52 week low of C$117.22 and a 52 week high of C$192.14.

Kinaxis (TSE:KXS) last issued 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. Equities analysts forecast that Kinaxis Inc. will post 4.2526231 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KXS has been the subject of several research reports. Royal Bank Of Canada set a C$210.00 price target on Kinaxis and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. National Bank Financial lifted their target price 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. Stifel Nicolaus dropped their target price on shares of Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Canadian Imperial Bank of Commerce increased their target price on shares of Kinaxis from C$173.00 to C$205.00 in a research report on Friday, June 5th. Finally, BMO Capital Markets raised their price target on shares of Kinaxis from C$195.00 to C$200.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus 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.