Kinaxis (TSE:KXS) Insider Sells C$384,721.00 in Stock

Kinaxis Inc. (TSE:KXS) insider James Alexander Hollingworth sold 2,150 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of C$178.94, for a total transaction of C$384,721.00. Following the completion of the sale, 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 ownership of the stock.

Kinaxis Stock Down 0.3%

KXS stock opened at C$175.19 on Thursday. The company has a market capitalization of C$4.76 billion, a price-to-earnings ratio of 57.25, a price-to-earnings-growth ratio of 3.60 and a beta of 0.71. The business’s 50 day moving average price is C$169.91 and its two-hundred day moving average price is C$155.08. Kinaxis Inc. has a fifty-two week low of C$117.22 and a fifty-two week high of C$186.98. The company has a debt-to-equity ratio of 11.14, a quick ratio of 2.29 and a current ratio of 1.88.

Kinaxis (TSE:KXS) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$1.08 earnings per share (EPS) for the quarter. Kinaxis had a return on equity of 20.88% and a net margin of 14.40%.The business had revenue of C$230.64 million during the quarter. As a group, analysts forecast that Kinaxis Inc. will post 4.2526231 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on KXS. Royal Bank Of Canada set a C$210.00 target price on shares of Kinaxis and gave the company an “outperform” rating in a research note on Wednesday, August 26th. National Bank Financial boosted their price target on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a report on Friday, August 7th. BMO Capital Markets increased 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. Finally, Canadian Imperial Bank of Commerce increased their target price on Kinaxis from C$173.00 to C$205.00 in a research report on Friday, June 5th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus 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.