James Alexander Hollingworth Sells 2,150 Shares of Kinaxis (TSE:KXS) Stock

Key Points

• Kinaxis insider James Alexander Hollingworth sold 2,150 shares at an average price of C$178.94, generating C$384,721. Following the sale, he retained 4,772 shares, reducing his position by 31.06%.
• Kinaxis shares recently traded at C$173.40, with a market capitalization of approximately C$4.71 billion and a P/E ratio of 56.67. The company reported quarterly earnings of C$1.08 per share and revenue of C$230.64 million.
• Analyst sentiment remains positive: seven analysts rate the stock a Buy, with a consensus price target of C$203.12 versus the recent trading price.

Kinaxis Inc. (TSE:KXS - Get Free Report) insider James Alexander Hollingworth sold 2,150 shares of the business's stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of C$178.94, for a total value of C$384,721.00. Following the transaction, the insider owned 4,772 shares in the company, valued at C$853,901.68. The trade was a 31.06% decrease in their position.

Kinaxis Stock Performance

Shares of KXS stock traded down C$3.33 during trading hours on Monday, reaching C$173.40. 54,227 shares of the company's stock were exchanged, compared to its average volume of 125,290. The company has a debt-to-equity ratio of 11.14, a current ratio of 1.88 and a quick ratio of 2.29. The company's 50 day moving average is C$168.71 and its two-hundred day moving average is C$154.19. The company has a market cap of C$4.71 billion, a P/E ratio of 56.67, a price-to-earnings-growth ratio of 3.60 and a beta of 0.71. Kinaxis Inc. has a 1 year low of C$117.22 and a 1 year high of C$186.98.

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%. Equities research analysts anticipate that Kinaxis Inc. will post 4.2526231 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets increased 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. Royal Bank Of Canada set a C$210.00 target price on shares of Kinaxis and gave the stock an "outperform" rating in a research report on Wednesday, August 26th. National Bank Financial lifted their price target 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, August 7th. Finally, Canadian Imperial Bank of Commerce boosted their price target on Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Kinaxis 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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