David Peter Kelly Sells 1,603 Shares of Kinaxis (TSE:KXS) Stock

Kinaxis Inc. (TSE:KXS) insider David Peter Kelly sold 1,603 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of C$177.68, for a total transaction of C$284,821.04. Following the completion of the sale, the insider directly owned 358 shares of the company’s stock, valued at C$63,609.44. The trade was a 81.74% decrease in their position.

Kinaxis Trading Up 2.3%

Shares of TSE KXS opened at C$177.14 on Friday. Kinaxis Inc. has a twelve month low of C$117.22 and a twelve month high of C$192.14. The stock has a market cap of C$4.82 billion, a price-to-earnings ratio of 57.89, a P/E/G ratio of 3.60 and a beta of 0.76. 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 company’s fifty day moving average is C$164.49 and its 200-day moving average is C$150.36.

Kinaxis (TSE:KXS) 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 during the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. Equities research analysts predict that Kinaxis Inc. will post 4.2526231 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on KXS shares. Canadian Imperial Bank of Commerce raised their target price on shares of Kinaxis from C$173.00 to C$205.00 in a report on Friday, June 5th. Royal Bank Of Canada set a C$210.00 price objective on shares of Kinaxis and gave the stock an “outperform” rating in a report on Wednesday, August 26th. National Bank Financial 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 note on Friday, August 7th. Finally, BMO Capital Markets lifted their price target on Kinaxis from C$195.00 to C$200.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kinaxis has an average rating of “Buy” and an average 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.