Kinaxis (TSE:KXS) Director Gillian (Jill) Denham Sells 15,968 Shares

Kinaxis Inc. (TSE:KXS) Director Gillian (Jill) Denham sold 15,968 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of C$171.36, for a total transaction of C$2,736,276.48. Following the transaction, the director owned 18,732 shares in the company, valued at approximately C$3,209,915.52. This trade represents a 46.02% decrease in their ownership of the stock.

Kinaxis Trading Up 0.1%

Shares of KXS stock opened at C$170.92 on Thursday. Kinaxis Inc. has a 52-week low of C$117.22 and a 52-week high of C$201.00. The company has a debt-to-equity ratio of 11.14, a quick ratio of 2.29 and a current ratio of 1.88. The company has a 50-day simple moving average of C$158.41 and a two-hundred day simple moving average of C$145.50. The company has a market capitalization of C$4.65 billion, a price-to-earnings ratio of 55.86, a PEG ratio of 3.60 and a beta of 0.76.

Kinaxis (TSE:KXS) last posted its earnings results on Wednesday, August 5th. The company reported C$1.08 EPS 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. Research analysts anticipate that Kinaxis Inc. will post 4.2526231 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KXS has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on Kinaxis from C$195.00 to C$200.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Stifel Nicolaus decreased their target price on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Canadian Imperial Bank of Commerce lifted their target price on Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. National Bank Financial lifted their target price on 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, Royal Bank Of Canada boosted their price target on shares of Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Seven research 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.

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.