Megan Paterson Sells 983 Shares of Kinaxis (TSE:KXS) Stock

Kinaxis Inc. (TSE:KXS – Get Free Report) insider Megan Paterson sold 983 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of C$171.46, for a total value of C$168,545.18. Following the completion of the transaction, the insider directly owned 320 shares in the company, valued at approximately C$54,867.20. This represents a 75.44% decrease in their position.

Kinaxis Stock Performance

Shares of KXS stock opened at C$177.54 on Friday. The firm has a market cap of C$4.83 billion, a price-to-earnings ratio of 58.02, 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. Kinaxis Inc. has a 52 week low of C$117.22 and a 52 week high of C$196.63. The firm’s 50-day simple moving average is C$159.36 and its two-hundred day simple moving average is C$146.76.

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Kinaxis (TSE:KXS – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$1.08 EPS for the quarter. The business 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%. As a group, equities analysts forecast that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on KXS shares. Stifel Nicolaus cut their price target on shares of Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. National Bank Financial raised their price objective on shares of Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. BMO Capital Markets lifted their price objective 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. Canadian Imperial Bank of Commerce lifted their price objective on shares of Kinaxis from C$173.00 to C$205.00 in a report on Friday, June 5th. Finally, Royal Bank Of Canada upped 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 report on Friday, May 8th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$203.12.

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About Kinaxis

(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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