The Descartes Systems Group (TSE:DSG) Insider Edward Ryan Sells 16,651 Shares of Stock

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

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

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

The Descartes Systems Group Stock Performance

Shares of DSG stock traded up C$2.21 during trading hours on Wednesday, reaching C$113.06. 126,024 shares of the company’s stock were exchanged, compared to its average volume of 379,626. 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 company’s 50 day moving average is C$106.73 and its two-hundred day moving average is C$101.69. The company has a market cap of C$9.67 billion, a P/E ratio of 52.59, a price-to-earnings-growth ratio of 2.39 and a beta of 0.14. The Descartes Systems Group Inc. has a 1 year low of C$85.26 and a 1 year high of C$140.03.

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

Wall Street Analyst Weigh In

Separately, National Bank Financial raised shares of The Descartes Systems Group to a “strong-buy” rating in a report on Tuesday, July 14th. Four equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

About The Descartes Systems Group

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.