Insider Selling: Kinaxis (TSE:KXS) Director Sells C$956,527.18 in Stock

Kinaxis Inc. (TSE:KXS) Director Robert Courteau sold 5,362 shares of Kinaxis stock in a transaction 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 transaction, the director owned 37,898 shares in the company, valued at approximately C$6,760,624.22. This trade represents a 12.39% decrease in their ownership of the stock.

Kinaxis Price Performance

TSE KXS traded down C$4.18 on Tuesday, reaching C$176.01. The company’s stock had a trading volume of 36,852 shares, compared to its average volume of 120,430. 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 firm’s 50 day moving average is C$160.18 and its two-hundred day moving average is C$147.49. Kinaxis Inc. has a twelve month low of C$117.22 and a twelve month high of C$193.48. The stock has a market cap of C$4.79 billion, a PE ratio of 57.52, a PEG ratio of 3.60 and a beta of 0.76.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KXS. Canadian Imperial Bank of Commerce increased their price objective on Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. Stifel Nicolaus reduced their price target 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. BMO Capital Markets lifted their target price on shares of Kinaxis from C$195.00 to C$200.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. National Bank Financial lifted their price target on Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Finally, Royal Bank Of Canada boosted their price objective 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 data from MarketBeat, Kinaxis has an average 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.