Insider Selling: The Descartes Systems Group (TSE:DSG) Insider Sells C$3,114,531.84 in 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 that occurred on Wednesday, September 23rd. The stock was sold at an average price of C$111.68, for a total value 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 stock was sold at an average price of C$111.41, for a total value of C$1,855,087.91.

The Descartes Systems Group Stock Down 1.9%

DSG opened at C$111.09 on Friday. The business has a 50 day moving average of C$107.27 and a 200-day moving average of C$101.97. The stock has a market capitalization of C$9.50 billion, a price-to-earnings ratio of 51.67, a P/E/G ratio of 2.39 and a beta of 0.14. 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 Descartes Systems Group Inc. has a 1-year low of C$85.26 and a 1-year high of C$138.31.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last announced its earnings results on Thursday, September 10th. The company reported C$0.80 earnings per share (EPS) for the quarter. The business 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, sell-side analysts anticipate that The Descartes Systems Group Inc. will post 3.3498285 earnings per share for the current year.

Analyst Ratings Changes

Separately, National Bank Financial raised 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 issued a Buy rating to the company. Based on data from MarketBeat, the company presently 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.