Kinaxis (TSE:KXS) Insider Vasile Gelu Ticala Sells 961 Shares

Kinaxis Inc. (TSE:KXS) insider Vasile Gelu Ticala sold 961 shares of Kinaxis stock in a transaction dated Monday, August 31st. The shares were sold at an average price of C$177.68, for a total transaction of C$170,750.48. Following the sale, the insider directly owned 596 shares in the company, valued at C$105,897.28. The trade was a 61.72% decrease in their position.

Kinaxis Price Performance

KXS stock opened at C$173.15 on Thursday. Kinaxis Inc. has a 1 year low of C$117.22 and a 1 year high of C$192.14. The company has a market cap of C$4.71 billion, a P/E ratio of 56.58, a PEG ratio of 3.60 and a beta of 0.76. The firm has a 50-day moving average of C$163.94 and a 200 day moving average of C$149.98. The company has a debt-to-equity ratio of 11.14, a current ratio of 1.88 and a quick ratio of 2.29.

Kinaxis (TSE:KXS) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$1.08 earnings per share 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 for the quarter. On average, sell-side analysts forecast that Kinaxis Inc. will post 4.2526231 EPS for the current year.

Analyst Upgrades and Downgrades

KXS has been the topic of several research reports. National Bank Financial lifted their price target on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce boosted their target price on shares of Kinaxis from C$173.00 to C$205.00 in a report on Friday, June 5th. Stifel Nicolaus reduced their target price 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. BMO Capital Markets increased their price target 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, 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. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Kinaxis has a consensus 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.