Kinaxis (TSE:KXS) Insider Sells 961 Shares of Stock

Key Points

• Kinaxis insider Vasile Gelu Ticala sold 961 shares at an average price of C$177.68, generating proceeds of approximately C$170,750. After the sale, his direct ownership fell 61.72% to 596 shares.
• Kinaxis shares recently declined 0.8% to C$172.69, while the company reported quarterly revenue of C$230.64 million and earnings of C$1.08 per share. The stock remains near the upper end of its C$117.22–C$192.14 12-month range.
• Analysts maintain a positive outlook, with seven Buy ratings, a consensus “Buy” recommendation, and an average price target of C$203.12—about 17.6% above the reported share price.

Kinaxis Inc. (TSE:KXS - Get Free Report) insider Vasile Gelu Ticala sold 961 shares of Kinaxis stock in a transaction on Monday, August 31st. The stock was sold at an average price of C$177.68, for a total transaction of C$170,750.48. Following the transaction, the insider directly owned 596 shares in the company, valued at C$105,897.28. This represents a 61.72% decrease in their ownership of the stock.

Kinaxis Stock Down 0.8%

Shares of KXS stock traded down C$1.31 on Wednesday, hitting C$172.69. The stock had a trading volume of 73,919 shares, compared to its average volume of 123,501. The business has a 50 day moving average of C$163.47 and a 200 day moving average of C$149.65. The stock has a market cap of C$4.70 billion, a price-to-earnings ratio of 56.43, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76. The company has a debt-to-equity ratio of 11.14, a current ratio of 1.88 and a quick ratio of 2.29. Kinaxis Inc. has a 12-month low of C$117.22 and a 12-month high of C$192.14.

Kinaxis (TSE:KXS - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$1.08 earnings per share for the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. The business had revenue of C$230.64 million for the quarter. As a group, analysts expect that Kinaxis Inc. will post 4.2526231 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce boosted their target price on Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. Stifel Nicolaus decreased their price target on 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. Royal Bank Of Canada set a C$210.00 price target on Kinaxis and gave the stock an "outperform" rating in a report on Wednesday, August 26th. National Bank Financial boosted their price objective on Kinaxis from C$200.00 to C$210.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th. Finally, BMO Capital Markets upped their price objective on Kinaxis from C$195.00 to C$200.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company 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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