Key Points
- Kinaxis insider Megan Paterson sold 983 shares at an average price of C$171.46, generating C$168,545.18 and reducing her position by 75.44% to 320 shares.
- Kinaxis reported quarterly revenue of C$230.64 million and earnings of C$1.08 per share, with a 14.40% net margin and 20.88% return on equity.
- Analysts maintain a positive outlook, with seven Buy ratings and an average price target of C$203.12, while the stock recently opened at C$177.15.
Kinaxis Inc. (TSE:KXS - Get Free Report) insider Andrew William Robert Bell sold 703 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of C$171.46, for a total value of C$120,536.38. Following the completion of the sale, the insider directly owned 1,455 shares in the company, valued at C$249,474.30. This represents a 32.58% decrease in their ownership of the stock.
Kinaxis Price Performance
TSE KXS opened at C$177.15 on Thursday. Kinaxis Inc. has a 52 week low of C$117.22 and a 52 week high of C$196.63. The company has a current ratio of 1.88, a quick ratio of 2.29 and a debt-to-equity ratio of 11.14. The stock has a market cap of C$4.82 billion, a price-to-earnings ratio of 57.89, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76. The company has a 50-day moving average price of C$159.15 and a two-hundred day moving average price of C$146.48.
Kinaxis (TSE:KXS - Get Free Report) last issued 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 for the quarter. Kinaxis had a return on equity of 20.88% and a net margin of 14.40%. Analysts forecast that Kinaxis Inc. will post 4.2526231 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on KXS shares. National Bank Financial raised their price objective on Kinaxis from C$200.00 to C$210.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. BMO Capital Markets boosted their target price 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. Stifel Nicolaus reduced their target price 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 increased 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, May 8th. Finally, Canadian Imperial Bank of Commerce increased their price target on Kinaxis from C$173.00 to C$205.00 in a research report on Friday, June 5th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kinaxis currently has a consensus rating of "Buy" and an average price target of C$203.12.
View Our Latest Stock Report 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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
