Insider Selling: Kinaxis (TSE:KXS) Director Sells C$758,463.90 in Stock

Kinaxis Inc. (TSE:KXS) Director Robert Courteau sold 5,010 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of C$151.39, for a total value of C$758,463.90. Following the transaction, the director owned 32,945 shares in the company, valued at C$4,987,543.55. This trade represents a 13.20% decrease in their ownership of the stock.

Kinaxis Trading Up 4.2%

KXS opened at C$167.81 on Friday. Kinaxis Inc. has a 52 week low of C$117.22 and a 52 week high of C$212.45. The company has a quick ratio of 2.29, a current ratio of 1.72 and a debt-to-equity ratio of 12.15. The business has a fifty day simple moving average of C$144.71 and a 200-day simple moving average of C$150.38. The firm has a market cap of C$4.58 billion, a P/E ratio of 57.08, a P/E/G ratio of 3.60 and a beta of 0.68.

Kinaxis (TSE:KXS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$1.45 earnings per share (EPS) for the quarter. Kinaxis had a return on equity of 19.72% and a net margin of 14.48%.The firm had revenue of C$230.19 million for the quarter. On average, equities analysts expect that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KXS. Stifel Nicolaus reduced their price target on shares of Kinaxis from C$245.00 to C$200.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Canaccord Genuity Group dropped their price objective on shares of Kinaxis from C$225.00 to C$200.00 in a report on Friday, March 6th. Canadian Imperial Bank of Commerce cut their target price on shares of Kinaxis from C$203.00 to C$171.00 in a research note on Friday, April 17th. National Bank Financial reduced their target price on shares of Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Finally, TD Securities decreased their price target on shares of Kinaxis from C$229.00 to C$200.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kinaxis has an average rating of “Buy” and an average price target of C$195.75.

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.