Kinaxis (TSE:KXS) Insider Andrew William Robert Bell Sells 3,000 Shares of Stock

Kinaxis Inc. (TSE:KXS) insider Andrew William Robert Bell sold 3,000 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of C$179.48, for a total transaction of C$538,440.00. Following the completion of the transaction, the insider owned 1,455 shares of the company’s stock, valued at approximately C$261,143.40. This trade represents a 67.34% decrease in their position.

Andrew William Robert Bell also recently made the following trade(s):

• On Friday, August 14th, Andrew William Robert Bell sold 703 shares of Kinaxis stock. The stock was sold at an average price of C$171.46, for a total value of C$120,536.38.

Kinaxis Stock Down 0.6%

Shares of Kinaxis stock traded down C$1.12 during trading on Monday, hitting C$178.63. 42,290 shares of the stock were exchanged, compared to its average volume of 120,540. The stock has a market cap of C$4.86 billion, a price-to-earnings ratio of 58.38, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76. The company has a debt-to-equity ratio of 11.14, a current ratio of 1.88 and a quick ratio of 2.29. The firm’s 50-day moving average price is C$159.68 and its 200 day moving average price is C$147.09. Kinaxis Inc. has a 12-month low of C$117.22 and a 12-month high of C$195.08.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on KXS shares. BMO Capital Markets lifted their target price on shares of Kinaxis from C$195.00 to C$200.00 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 stock an “outperform” rating in a report on Friday, May 8th. Canadian Imperial Bank of Commerce boosted their price target on Kinaxis from C$173.00 to C$205.00 in a research report on Friday, June 5th. Stifel Nicolaus decreased their price objective on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Finally, 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. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price 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.