Kinaxis (KXS) Sets New 12-Month High at $88.24

Shares of Kinaxis Inc (TSE:KXS) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$88.24 and last traded at C$87.56, with a volume of 28213 shares traded. The stock had previously closed at C$87.79.

Several research firms have recently issued reports on KXS. Eight Capital boosted their price target on shares of Kinaxis from C$90.00 to C$100.00 in a research report on Friday, March 2nd. TD Securities boosted their price target on shares of Kinaxis from C$93.00 to C$98.00 in a research report on Friday, March 2nd. Canaccord Genuity raised shares of Kinaxis from a “hold” rating to a “buy” rating and boosted their price target for the company from C$75.00 to C$96.00 in a research report on Friday, March 2nd. Scotiabank boosted their price target on shares of Kinaxis from C$78.00 to C$90.00 and gave the company an “outperform” rating in a research report on Friday, March 2nd. Finally, Royal Bank of Canada boosted their price target on shares of Kinaxis from C$90.00 to C$95.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Kinaxis has a consensus rating of “Buy” and a consensus price target of C$92.20.

Kinaxis (TSE:KXS) last issued its quarterly earnings data on Wednesday, May 2nd. The company reported C$0.37 EPS for the quarter, beating the consensus estimate of C$0.29 by C$0.08. The company had revenue of C$46.58 million during the quarter, compared to analysts’ expectations of C$49.18 million. Kinaxis had a net margin of 18.01% and a return on equity of 21.57%.

In related news, insider Sarah Mayme Sedgman sold 1,046 shares of the business’s stock in a transaction that occurred on Friday, March 23rd. The shares were sold at an average price of C$83.08, for a total transaction of C$86,901.68. Also, Director John Ernest Sicard sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of C$83.00, for a total transaction of C$830,000.00. In the last ninety days, insiders have sold 42,296 shares of company stock valued at $3,575,027.

Kinaxis Company Profile

Kinaxis Inc provides cloud-based software for supply chain operations. The company offers RapidResponse, which provides supply chain planning and analytics capabilities for managing various supply chain management processes, including supply planning, inventory management, order fulfillment, capacity planning, and master scheduling, as well as sales and operations planning process.

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