Shares of Kinaxis Inc. (TSE:KXS – Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$147.94 and traded as high as C$167.34. Kinaxis shares last traded at C$163.53, with a volume of 127,129 shares trading hands.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on 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. TD Securities decreased their price objective on Kinaxis from C$229.00 to C$200.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Royal Bank Of Canada lifted their target price 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. BMO Capital Markets upped their target price on Kinaxis from C$180.00 to C$185.00 in a report on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of Kinaxis from C$173.00 to C$205.00 in a research report on Friday, June 5th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Kinaxis currently has a consensus rating of “Buy” and an average price target of C$200.00.
View Our Latest Stock Report on KXS
Kinaxis Stock Down 2.3%
Kinaxis (TSE:KXS – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$1.45 earnings per share for the quarter. Kinaxis had a net margin of 14.48% and a return on equity of 19.72%. The business had revenue of C$230.19 million for the quarter. Sell-side analysts expect that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.
Insider Transactions at Kinaxis
In other news, insider Conrad John Mandala sold 30,000 shares of Kinaxis stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$148.10, for a total transaction of C$4,443,000.00. Following the completion of the sale, the insider directly owned 820 shares in the company, valued at C$121,442. The trade was a 97.34% decrease in their position. Also, Director Robert G. Courteau sold 5,010 shares of Kinaxis stock in a transaction dated Friday, May 29th. The shares were sold at an average price of C$151.39, for a total value of C$758,463.90. Following the sale, the director owned 32,945 shares of the company’s stock, valued at approximately C$4,987,543.55. This represents a 13.20% decrease in their ownership of the stock. Insiders sold 35,934 shares of company stock worth $5,328,181 in the last 90 days. Corporate insiders own 1.20% of the company’s stock.
About Kinaxis
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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