Insider Selling: Kinaxis (TSE:KXS) Insider Sells C$284,821.04 in Stock

Key Points

• Kinaxis insider David Peter Kelly sold 1,603 shares for approximately C$284,821 at an average price of C$177.68, reducing his direct ownership by 81.74% to 358 shares.
• KXS shares recently traded at C$172.69, with a market capitalization of C$4.70 billion and a P/E ratio of 56.43. Kinaxis reported quarterly earnings of C$1.08 per share and revenue of C$230.64 million.
• Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and an average price target of C$203.12; several firms recently raised their targets to between C$200 and C$210.

Kinaxis Inc. (TSE:KXS - Get Free Report) insider David Peter Kelly sold 1,603 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of C$177.68, for a total value of C$284,821.04. Following the transaction, the insider directly owned 358 shares in the company, valued at C$63,609.44. The trade was a 81.74% decrease in their ownership of the stock.

Kinaxis Stock Performance

Shares of KXS stock traded down C$1.31 on Wednesday, reaching C$172.69. The stock had a trading volume of 73,919 shares, compared to its average volume of 123,501. The company has a debt-to-equity ratio of 11.14, a quick ratio of 2.29 and a current ratio of 1.88. Kinaxis Inc. has a 1 year low of C$117.22 and a 1 year high of C$192.14. The stock has a market cap of C$4.70 billion, a P/E ratio of 56.43, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76. The company has a 50 day simple moving average of C$163.47 and a 200 day simple moving average of C$149.65.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on KXS shares. National Bank Financial raised their price objective on shares of Kinaxis from C$200.00 to C$210.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. Royal Bank Of Canada set a C$210.00 target price on shares of Kinaxis and gave the company an "outperform" rating in a report on Wednesday, August 26th. Canadian Imperial Bank of Commerce increased their price target on shares of Kinaxis from C$173.00 to C$205.00 in a research report on Friday, June 5th. BMO Capital Markets lifted 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. Finally, Stifel Nicolaus cut 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 report on Wednesday, May 6th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average 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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