Megan Paterson Sells 983 Shares of Kinaxis (TSE:KXS) Stock

Key Points

• Kinaxis insider Megan Paterson sold 983 shares at an average price of C$171.46, generating C$168,545.18 and reducing her direct ownership by 75.44% to 320 shares.
• Kinaxis reported quarterly EPS of C$1.08 and revenue of C$230.64 million, with a 14.40% net margin and 20.88% return on equity.
• Analysts remain broadly positive, with seven Buy ratings, an average rating of “Buy,” and a consensus price target of C$203.12 versus the recent share price of C$177.17.

Kinaxis Inc. (TSE:KXS - Get Free Report) insider Megan Paterson sold 983 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of C$171.46, for a total value of C$168,545.18. Following the sale, the insider directly owned 320 shares in the company, valued at approximately C$54,867.20. This trade represents a 75.44% decrease in their ownership of the stock.

Kinaxis Price Performance

Shares of TSE KXS traded up C$4.83 during trading hours on Wednesday, hitting C$177.17. 38,605 shares of the stock were exchanged, compared to its average volume of 120,983. The company has a debt-to-equity ratio of 11.14, a quick ratio of 2.29 and a current ratio of 1.88. The company has a market cap of C$4.82 billion, a PE ratio of 57.90, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76. The company's fifty day simple moving average is C$158.89 and its two-hundred day simple moving average is C$146.23. Kinaxis Inc. has a 1-year low of C$117.22 and a 1-year high of C$196.63.

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

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Stifel Nicolaus lowered their target price on Kinaxis from C$245.00 to C$200.00 and set a "buy" rating for the company in a research note on Wednesday, May 6th. BMO Capital Markets raised their price target on shares of Kinaxis from C$195.00 to C$200.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Royal Bank Of Canada upped 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 report on Friday, May 8th. National Bank Financial increased 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. Finally, Canadian Imperial Bank of Commerce raised their target price on shares of Kinaxis from C$173.00 to C$205.00 in a research report on Friday, June 5th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock 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.

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