Insider Selling: Kinaxis (TSE:KXS) Insider Sells C$516,750.00 in Stock

Key Points

• Kinaxis insider Mark Justin Morgan sold 3,000 shares at an average price of C$172.25, generating C$516,750. Following the transaction, his direct holdings fell 22.56% to 10,299 shares.
• Kinaxis shares traded at C$169.22, giving the company a market capitalization of approximately C$4.60 billion. The stock remains below its 12-month high of C$201.00 but above its 50-day and 200-day moving averages.
• The company reported quarterly earnings of C$1.08 per share and revenue of C$230.64 million. Analysts maintain a consensus “Buy” rating, with an average price target of C$203.12.

Kinaxis Inc. (TSE:KXS - Get Free Report) insider Mark Justin Morgan sold 3,000 shares of Kinaxis stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of C$172.25, for a total value of C$516,750.00. Following the completion of the sale, the insider directly owned 10,299 shares of the company's stock, valued at approximately C$1,774,002.75. This trade represents a 22.56% decrease in their position.

Kinaxis Stock Performance

Kinaxis stock traded down C$1.52 during midday trading on Wednesday, reaching C$169.22. The stock had a trading volume of 65,898 shares, compared to its average volume of 122,506. The firm has a market capitalization of C$4.60 billion, a PE ratio of 55.30, a P/E/G ratio of 3.60 and a beta of 0.76. Kinaxis Inc. has a 12 month low of C$117.22 and a 12 month high of C$201.00. The company has a quick ratio of 2.29, a current ratio of 1.88 and a debt-to-equity ratio of 11.14. The firm's 50-day moving average price is C$158.22 and its 200 day moving average price is C$145.34.

Kinaxis (TSE:KXS - Get Free Report) last issued its 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 during the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. As a group, research analysts predict that Kinaxis Inc. will post 4.2526231 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on KXS. Royal Bank Of Canada boosted their target price on shares of Kinaxis from C$200.00 to C$210.00 and gave the company an "outperform" rating in a report on Friday, May 8th. National Bank Financial raised their price target on Kinaxis from C$200.00 to C$210.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. Stifel Nicolaus reduced 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. BMO Capital Markets boosted 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. Finally, Canadian Imperial Bank of Commerce increased their price objective on Kinaxis from C$173.00 to C$205.00 in a report on Friday, June 5th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source