Insider Selling: Kinaxis (TSE:KXS) Insider Sells C$516,750.00 in Stock

Kinaxis Inc. (TSE:KXS – Get Free Report) insider Mark Justin Morgan sold 3,000 shares of Kinaxis stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of C$172.25, for a total value of C$516,750.00. Following the completion of the transaction, the insider owned 10,299 shares of the company’s stock, valued at C$1,774,002.75. The trade was a 22.56% decrease in their position.

Kinaxis Stock Performance

Shares of Kinaxis stock opened at C$173.22 on Friday. Kinaxis Inc. has a one year low of C$117.22 and a one year high of C$199.71. The company has a market cap of C$4.71 billion, a PE ratio of 56.61, a P/E/G ratio of 3.60 and a beta of 0.76. 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 business has a 50-day simple moving average of C$158.69 and a 200-day simple moving average of C$145.87.

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Kinaxis (TSE:KXS – Get Free Report) last released 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 for the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. On average, equities research analysts forecast that Kinaxis Inc. will post 4.2526231 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on KXS shares. BMO Capital Markets increased their price objective on shares of Kinaxis from C$195.00 to C$200.00 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 research note on Friday, June 5th. National Bank Financial increased their target price on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Royal Bank Of Canada raised their price target on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Stifel Nicolaus decreased their price target on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Kinaxis currently has an average rating of “Buy” and a consensus target price of C$203.12.

Check Out Our Latest Stock Analysis on Kinaxis

Kinaxis Company Profile

(Get Free Report)

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.

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