Key Points
- Kinaxis director Gillian (Jill) Denham sold 15,968 shares at an average price of C$171.36, generating proceeds of approximately C$2.74 million and reducing her ownership by 46.02% to 18,732 shares.
- Kinaxis reported quarterly EPS of C$1.08 on revenue of C$230.64 million, with a 14.40% net margin and 20.88% return on equity.
- Analysts remain broadly positive, with seven Buy ratings, a consensus “Buy” recommendation, and an average price target of C$203.12 versus the stock’s reported opening price of C$170.92.
Kinaxis Inc. (TSE:KXS - Get Free Report) insider Mark Justin Morgan sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of C$172.25, for a total value of C$516,750.00. Following the transaction, the insider directly owned 10,299 shares of the company's stock, valued at C$1,774,002.75. The trade was a 22.56% decrease in their position.
Kinaxis Price Performance
KXS opened at C$170.92 on Thursday. The company has a debt-to-equity ratio of 11.14, a quick ratio of 2.29 and a current ratio of 1.88. The stock has a market capitalization of C$4.65 billion, a PE ratio of 55.86, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76. The stock's 50 day moving average price is C$158.41 and its 200-day moving average price is C$145.50. Kinaxis Inc. has a 52-week low of C$117.22 and a 52-week high of C$201.00.
Kinaxis (TSE:KXS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$1.08 EPS for the quarter. The company had revenue of C$230.64 million during the quarter. Kinaxis had a return on equity of 20.88% and a net margin of 14.40%. On average, equities research analysts predict that Kinaxis Inc. will post 4.2526231 EPS for the current year.
Analysts Set New Price Targets
KXS has been the subject of a number of research reports. BMO Capital Markets increased their price target on shares of Kinaxis from C$195.00 to C$200.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. Royal Bank Of Canada lifted their price objective on Kinaxis from C$200.00 to C$210.00 and gave the company an "outperform" rating in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce upped their target price on Kinaxis from C$173.00 to C$205.00 in a report on Friday, June 5th. Stifel Nicolaus decreased their target price 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 target price on Kinaxis from C$200.00 to C$210.00 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.com, the stock presently has a consensus rating of "Buy" and a consensus target price of C$203.12.
Read Our Latest Stock Analysis on KXS
About Kinaxis
(
Get Free Report)
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.
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