Insider Selling: Kinaxis (TSE:KXS) Director Sells 5,362 Shares

Key Points

• Kinaxis director Robert Courteau sold 5,362 shares at an average price of C$178.39, generating approximately C$956,527. After the sale, he retained 37,898 shares, a 12.39% reduction in his direct ownership.
• Kinaxis shares fell C$4.18 to C$176.01 during Tuesday trading. The stock has climbed from a 52-week low of C$117.22 but remains below its C$193.48 high.
• Analyst sentiment remains positive: seven analysts rate the stock a Buy, with a consensus price target of C$203.12. The company recently reported quarterly EPS of C$1.08 on revenue of C$230.64 million.

Kinaxis Inc. (TSE:KXS - Get Free Report) Director Robert Courteau sold 5,362 shares of the firm's stock in a transaction on Monday, August 24th. The stock was sold at an average price of C$178.39, for a total transaction of C$956,527.18. Following the transaction, the director directly owned 37,898 shares in the company, valued at C$6,760,624.22. The trade was a 12.39% decrease in their ownership of the stock.

Kinaxis Stock Performance

Kinaxis stock traded down C$4.18 during trading hours on Tuesday, reaching C$176.01. 36,852 shares of the stock were exchanged, compared to its average volume of 120,430. Kinaxis Inc. has a 52-week low of C$117.22 and a 52-week high of C$193.48. 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 firm's 50 day moving average is C$160.18 and its 200 day moving average is C$147.49. The stock has a market cap of C$4.79 billion, a P/E ratio of 57.52, a P/E/G ratio of 3.60 and a beta of 0.76.

Kinaxis (TSE:KXS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C$1.08 earnings per share for the quarter. The firm 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 predict that Kinaxis Inc. will post 4.2526231 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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