Kinaxis Inc. (TSE:KXS – Get Free Report) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$149.64 and traded as high as C$152.97. Kinaxis shares last traded at C$149.65, with a volume of 70,730 shares changing hands.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. TD Securities decreased their price target on shares of Kinaxis from C$229.00 to C$200.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Stifel Nicolaus lowered their price objective on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. BMO Capital Markets boosted their price objective on Kinaxis from C$180.00 to C$185.00 in a research note on Friday, May 8th. Finally, Canaccord Genuity Group reduced their target price on Kinaxis from C$225.00 to C$200.00 in a report on Friday, March 6th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kinaxis has a consensus rating of “Buy” and a consensus target price of C$200.00.
View Our Latest Stock Analysis on KXS
Kinaxis Price Performance
Kinaxis (TSE:KXS – Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported C$1.45 EPS for the quarter. Kinaxis had a net margin of 14.48% and a return on equity of 19.72%. The company had revenue of C$230.19 million for the quarter. As a group, equities analysts anticipate that Kinaxis Inc. will post 4.2526231 EPS for the current year.
Insider Activity at Kinaxis
In other news, insider Conrad John Mandala sold 924 shares of Kinaxis stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of C$137.14, for a total transaction of C$126,717.36. Following the sale, the insider owned 820 shares of the company’s stock, valued at approximately C$112,454.80. The trade was a 52.98% decrease in their position. Also, Director Robert G. Courteau sold 5,010 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director owned 32,945 shares in the company, valued at C$4,987,543.55. This represents a 13.20% decrease in their ownership of the stock. In the last three months, insiders sold 35,934 shares of company stock valued at $5,328,181. Corporate insiders own 1.20% of the company’s stock.
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.
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