Andrew William Robert Bell Sells 703 Shares of Kinaxis (TSE:KXS) Stock

Key Points

• Kinaxis insider Andrew William Robert Bell sold 703 shares at an average price of C$171.46, generating C$120,536.38. His remaining stake fell by 32.58% to 1,455 shares.
• Kinaxis shares rose 2.8% to C$177.17, while the company reported quarterly EPS of C$1.08 and revenue of C$230.64 million.
• Analysts remain bullish, with seven Buy ratings and a consensus price target of C$203.12; several firms recently raised their targets to C$205–C$210.

Kinaxis Inc. (TSE:KXS - Get Free Report) insider Andrew William Robert Bell sold 703 shares of the company's 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 sale, the insider owned 1,455 shares of the company's stock, valued at approximately C$249,474.30. This represents a 32.58% decrease in their position.

Kinaxis Stock Up 2.8%

Shares of TSE:KXS traded up C$4.83 on Wednesday, reaching C$177.17. The company had a trading volume of 38,605 shares, compared to its average volume of 120,983. Kinaxis Inc. has a 52-week low of C$117.22 and a 52-week high of C$196.63. The firm's 50 day simple moving average is C$158.89 and its 200-day simple moving average is C$146.23. The firm has a market capitalization of C$4.82 billion, a PE ratio of 57.90, a PEG ratio of 3.60 and a beta of 0.76. 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 (TSE:KXS - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$1.08 EPS for the quarter. The firm 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%. As a group, analysts expect that Kinaxis Inc. will post 4.2526231 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on KXS shares. BMO Capital Markets boosted their target price on shares of Kinaxis from C$195.00 to C$200.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. National Bank Financial raised their price target on shares of Kinaxis from C$200.00 to C$210.00 and gave the company an "outperform" rating in a report on Friday, August 7th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Kinaxis from C$173.00 to C$205.00 in a research report on Friday, June 5th. Stifel Nicolaus reduced their price objective on shares of Kinaxis from C$245.00 to C$200.00 and set a "buy" rating for the company in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada increased their target price on shares of Kinaxis from C$200.00 to C$210.00 and gave the company an "outperform" rating in a research report on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of C$203.12.

About Kinaxis

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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