The Descartes Systems Group (TSE:DSG) Insider Sells 27,888 Shares of Stock

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) insider Edward Ryan sold 27,888 shares of The Descartes Systems Group stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of C$111.68, for a total transaction of C$3,114,531.84.

Edward Ryan also recently made the following trade(s):

• On Tuesday, September 22nd, Edward Ryan sold 16,651 shares of The Descartes Systems Group stock. The shares were sold at an average price of C$111.41, for a total transaction of C$1,855,087.91.

The Descartes Systems Group Price Performance

Shares of DSG stock traded up C$2.21 during trading hours on Wednesday, hitting C$113.06. The company’s stock had a trading volume of 126,024 shares, compared to its average volume of 379,626. The company has a current ratio of 2.02, a quick ratio of 1.85 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of C$106.73 and a 200-day moving average of C$101.69. The Descartes Systems Group Inc. has a twelve month low of C$85.26 and a twelve month high of C$140.03. The stock has a market cap of C$9.67 billion, a price-to-earnings ratio of 52.59, a P/E/G ratio of 2.39 and a beta of 0.14.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last issued its quarterly earnings data on Thursday, September 10th. The company reported C$0.80 earnings per share (EPS) for the quarter. The Descartes Systems Group had a return on equity of 11.71% and a net margin of 24.25%.The firm had revenue of C$281.94 million during the quarter. As a group, equities research analysts anticipate that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial upgraded The Descartes Systems Group to a “strong-buy” rating in a research report on Tuesday, July 14th. Four investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Strong Buy”.

The Descartes Systems Group Company Profile

Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (‘GLN’). Shippers, carriers, and logistics service providers connect and collaborate on the GLN, leveraging technology, data and artificial intelligence (‘AI’) to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes.