Kinaxis (TSE:KXS) Director Robert Courteau Sells 5,010 Shares

Kinaxis Inc. (TSE:KXS) Director Robert Courteau sold 5,010 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of C$151.39, for a total value of C$758,463.90. Following the transaction, the director owned 32,945 shares of the company’s stock, valued at approximately C$4,987,543.55. The trade was a 13.20% decrease in their ownership of the stock.

Kinaxis Stock Up 8.5%

Shares of TSE:KXS traded up C$13.31 during mid-day trading on Tuesday, reaching C$170.20. 294,390 shares of the stock were exchanged, compared to its average volume of 137,146. The company has a quick ratio of 2.29, a current ratio of 1.72 and a debt-to-equity ratio of 12.15. The company has a market cap of C$4.65 billion, a P/E ratio of 57.89, a P/E/G ratio of 3.60 and a beta of 0.68. Kinaxis Inc. has a one year low of C$117.22 and a one year high of C$212.45. The stock’s 50 day simple moving average is C$142.97 and its 200-day simple moving average is C$150.56.

Kinaxis (TSE:KXS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$1.45 earnings per share (EPS) for the quarter. The business had revenue of C$230.19 million during the quarter. Kinaxis had a return on equity of 19.72% and a net margin of 14.48%. As a group, equities research analysts predict that Kinaxis Inc. will post 4.2526231 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. National Bank Financial decreased their price objective on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Stifel Nicolaus decreased their price target on 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. Scotiabank decreased their price target on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. TD Securities decreased their price target on Kinaxis from C$229.00 to C$200.00 and set a “buy” rating for the company in a research note on Friday, March 6th. Finally, BMO Capital Markets raised their price target on Kinaxis from C$180.00 to C$185.00 in a research note on Friday, May 8th. Six 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$195.75.

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.