Insider Selling: Kinaxis (TSE:KXS) Director Sells 15,968 Shares

Key Points

• Director Gillian (Jill) Denham sold 15,968 Kinaxis shares at an average price of C$171.36, generating approximately C$2.74 million. Her remaining stake fell 46.02% to 18,732 shares.
• Kinaxis shares recently traded at C$169.22, while the company reported quarterly EPS of C$1.08 and revenue of C$230.64 million. The stock has a market capitalization of C$4.60 billion and a P/E ratio of 55.30.
• Analysts remain broadly optimistic, with seven Buy ratings and a consensus target price of C$203.12, implying upside from the reported trading price.

Kinaxis Inc. (TSE:KXS - Get Free Report) Director Gillian (Jill) Denham sold 15,968 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of C$171.36, for a total transaction of C$2,736,276.48. Following the transaction, the director owned 18,732 shares in the company, valued at C$3,209,915.52. The trade was a 46.02% decrease in their position.

Kinaxis Stock Performance

Shares of TSE:KXS traded down C$1.52 on Wednesday, hitting C$169.22. 65,898 shares of the company were exchanged, compared to its average volume of 122,506. Kinaxis Inc. has a 1-year low of C$117.22 and a 1-year high of C$201.00. The stock's 50 day moving average price is C$158.22 and its 200 day moving average price is C$145.34. The company has a current ratio of 1.88, a quick ratio of 2.29 and a debt-to-equity ratio of 11.14. The firm has a market capitalization of C$4.60 billion, a P/E ratio of 55.30, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on KXS. Canadian Imperial Bank of Commerce lifted their target price on Kinaxis from C$173.00 to C$205.00 in a report on Friday, June 5th. National Bank Financial lifted their price objective on shares of 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 dropped their price objective 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. Royal Bank Of Canada increased their price objective on shares of Kinaxis from C$200.00 to C$210.00 and gave the stock an "outperform" rating in a research note on Friday, May 8th. Finally, BMO Capital Markets raised 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. Seven analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$203.12.

Kinaxis Company Profile

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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