Kinaxis (TSE:KXS) Releases Earnings Results

Kinaxis (TSE:KXS) announced its quarterly earnings results on Wednesday. The company reported C$1.72 earnings per share for the quarter, FiscalAI reports. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. The firm had revenue of C$228.16 million during the quarter.

Kinaxis Price Performance

TSE:KXS opened at C$197.71 on Thursday. Kinaxis has a 12-month low of C$117.22 and a 12-month high of C$201.57. The firm has a market cap of C$5.38 billion, a price-to-earnings ratio of 64.61, a price-to-earnings-growth ratio of 3.60 and a beta of 0.58. The company’s 50-day moving average is C$181.53 and its two-hundred day moving average is C$156.10. The company has a current ratio of 1.88, a quick ratio of 2.29 and a debt-to-equity ratio of 11.14.

Insider Buying and Selling at Kinaxis

In other news, Director Robert G. Courteau sold 5,362 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of C$178.39, for a total value of C$956,527.18. Following the completion of the transaction, 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 ownership of the stock. Also, insider James Alexander Hollingworth sold 2,150 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of C$178.94, for a total transaction of C$384,721.00. Following the completion of the transaction, the insider directly owned 4,772 shares of the company’s stock, valued at approximately C$853,901.68. This represents a 31.06% decrease in their position. Over the last quarter, insiders sold 33,730 shares of company stock valued at $5,877,368. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on KXS shares. Stifel Nicolaus lifted their price target on Kinaxis from C$200.00 to C$225.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Royal Bank Of Canada set a C$210.00 price target on shares of Kinaxis and gave the company an “outperform” rating in a research report on Wednesday, August 26th. BMO Capital Markets raised their price objective 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. National Bank Financial raised their price objective 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. Finally, RBC Dominion Securities set a C$210.00 price objective on Kinaxis and gave the stock an “outperform” rating in a research report on Friday, October 23rd. Eight analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Kinaxis currently has an average rating of “Buy” and an average price target of C$206.67.

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.