Kinaxis (TSE:KXS) Insider Mark Justin Morgan Sells 3,000 Shares of Stock

Kinaxis Inc. (TSE:KXS) insider Mark Justin Morgan sold 3,000 shares of the stock in a transaction on 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 directly owned 10,299 shares in the company, valued at approximately C$1,774,002.75. This represents a 22.56% decrease in their position.

Kinaxis Trading Up 0.1%

TSE KXS opened at C$170.92 on Thursday. The company has a quick ratio of 2.29, a current ratio of 1.88 and a debt-to-equity ratio of 11.14. The stock’s 50-day simple moving average is C$158.41 and its two-hundred day simple moving average is C$145.50. Kinaxis Inc. has a twelve month low of C$117.22 and a twelve month high of C$201.00. The company has a market capitalization of C$4.65 billion, a price-to-earnings ratio of 55.86, a PEG ratio of 3.60 and a beta of 0.76.

Kinaxis (TSE:KXS) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$1.08 earnings per share (EPS) for the quarter. The firm had revenue of C$230.64 million during the quarter. Kinaxis had a return on equity of 20.88% and a net margin of 14.40%. Research analysts forecast that Kinaxis Inc. will post 4.2526231 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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