Insider Selling: The Descartes Systems Group (TSE:DSG) Insider Sells C$1,855,087.91 in Stock

The Descartes Systems Group Inc. (TSE:DSG – Get Free Report) (NASDAQ:DSGX) insider Edward Ryan sold 16,651 shares of the business’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of C$111.41, for a total transaction of C$1,855,087.91. Following the transaction, the insider owned 27,888 shares in the company, valued at approximately C$3,107,002.08. The trade was a 37.39% decrease in their ownership of the stock.

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

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• On Wednesday, September 23rd, Edward Ryan sold 27,888 shares of The Descartes Systems Group stock. The shares were sold at an average price of C$111.68, for a total transaction of C$3,114,531.84.

The Descartes Systems Group Stock Performance

Shares of DSG stock opened at C$111.09 on Friday. The company has a fifty day moving average price of C$107.27 and a two-hundred day moving average price of C$101.97. The Descartes Systems Group Inc. has a one year low of C$85.26 and a one year high of C$138.31. The stock has a market cap of C$9.50 billion, a P/E ratio of 51.67, a P/E/G ratio of 2.39 and a beta of 0.14. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.85.

The Descartes Systems Group (TSE:DSG – Get Free Report) (NASDAQ:DSGX) last released its quarterly earnings data on Thursday, September 10th. The company reported C$0.80 earnings per share for the quarter. The company had revenue of C$281.94 million for the quarter. The Descartes Systems Group had a net margin of 24.25% and a return on equity of 11.69%. As a group, equities analysts predict 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 note on Tuesday, July 14th. Four investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

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The Descartes Systems Group Company Profile

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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.

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