Robert Courteau Sells 5,010 Shares of Kinaxis (TSE:KXS) Stock

Kinaxis Inc. (TSE:KXS) Director Robert Courteau sold 5,010 shares of Kinaxis stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of C$151.39, for a total transaction of C$758,463.90. Following the transaction, the director directly owned 32,945 shares of the company’s stock, valued at approximately C$4,987,543.55. This trade represents a 13.20% decrease in their ownership of the stock.

Kinaxis Price Performance

TSE:KXS opened at C$161.10 on Thursday. The company has a debt-to-equity ratio of 12.15, a current ratio of 1.72 and a quick ratio of 2.29. The firm has a market cap of C$4.40 billion, a price-to-earnings ratio of 54.80, a price-to-earnings-growth ratio of 3.60 and a beta of 0.68. The company has a 50 day moving average price of C$144.03 and a 200-day moving average price of C$150.41. Kinaxis Inc. has a 1-year low of C$117.22 and a 1-year high of C$212.45.

Kinaxis (TSE:KXS) last posted its earnings results on Wednesday, May 6th. The company reported C$1.45 earnings per share for the quarter. The firm had revenue of C$230.19 million during the quarter. Kinaxis had a net margin of 14.48% and a return on equity of 19.72%. Equities research analysts forecast that Kinaxis Inc. will post 4.2526231 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on KXS. Canaccord Genuity Group cut their target price on shares of Kinaxis from C$225.00 to C$200.00 in a report on Friday, March 6th. TD Securities cut their target price on shares of Kinaxis from C$229.00 to C$200.00 and set a “buy” rating for the company in a report on Friday, March 6th. Scotiabank cut their target price on shares of Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. National Bank Financial dropped their price target on shares of Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. Finally, Stifel Nicolaus dropped their price target on shares of Kinaxis from C$245.00 to C$200.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, Kinaxis presently has an average rating of “Buy” and a consensus target price of C$195.75.

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.