Insider Selling: Kinaxis (TSE:KXS) Insider Sells C$170,750.48 in Stock

Kinaxis Inc. (TSE:KXS) insider Vasile Gelu Ticala sold 961 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of C$177.68, for a total value of C$170,750.48. Following the sale, the insider owned 596 shares in the company, valued at approximately C$105,897.28. This trade represents a 61.72% decrease in their position.

Kinaxis Stock Performance

Kinaxis stock opened at C$177.17 on Friday. Kinaxis Inc. has a fifty-two week low of C$117.22 and a fifty-two week high of C$192.14. The company has a market capitalization of C$4.82 billion, a price-to-earnings ratio of 57.90, a PEG ratio of 3.60 and a beta of 0.76. The stock has a fifty day moving average of C$164.94 and a two-hundred day moving average of C$150.55. 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 (TSE:KXS) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.08 earnings per share (EPS) for the quarter. The business had revenue of C$230.64 million for the quarter. Kinaxis had a return on equity of 20.88% and a net margin of 14.40%. On average, analysts anticipate that Kinaxis Inc. will post 4.2526231 EPS for the current fiscal year.

Analysts Set New Price Targets

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