Megan Paterson Sells 983 Shares of Kinaxis (TSE:KXS) Stock

Kinaxis Inc. (TSE:KXS) insider Megan Paterson sold 983 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of C$171.46, for a total transaction of C$168,545.18. Following the completion of the transaction, the insider owned 320 shares of the company’s stock, valued at approximately C$54,867.20. This trade represents a 75.44% decrease in their position.

Kinaxis Trading Up 2.8%

TSE:KXS traded up C$4.83 during mid-day trading on Wednesday, hitting C$177.17. 38,605 shares of the company’s stock were exchanged, compared to its average volume of 120,983. The company has a 50 day simple moving average of C$158.89 and a 200-day simple moving average of C$146.23. The company has a current ratio of 1.88, a quick ratio of 2.29 and a debt-to-equity ratio of 11.14. Kinaxis Inc. has a fifty-two week low of C$117.22 and a fifty-two week high of C$196.63. The firm has a market capitalization of C$4.82 billion, a P/E ratio of 57.90, a PEG ratio of 3.60 and a beta of 0.76.

Kinaxis (TSE:KXS) last announced its quarterly earnings results 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 net margin of 14.40% and a return on equity of 20.88%. As a group, research analysts expect that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KXS. 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 report on Wednesday, May 6th. Royal Bank Of Canada lifted their target price on Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. National Bank Financial upped their price target on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce increased their price target on Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. Finally, BMO Capital Markets raised their price objective on Kinaxis from C$195.00 to C$200.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently 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.