The Descartes Systems Group (TSE:DSG) Insider Edward Ryan Sells 34,193 Shares

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) insider Edward Ryan sold 34,193 shares of the business’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of C$89.70, for a total value of C$3,067,112.10. Following the completion of the sale, the insider directly owned 44,539 shares of the company’s stock, valued at approximately C$3,995,148.30. This trade represents a 43.43% decrease in their position.

The Descartes Systems Group Trading Up 0.7%

TSE DSG opened at C$104.62 on Friday. The Descartes Systems Group Inc. has a 1-year low of C$85.26 and a 1-year high of C$162.10. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average of C$94.97 and a 200-day moving average of C$111.86. The firm has a market cap of C$9.00 billion, a PE ratio of 55.95, a price-to-earnings-growth ratio of 2.39 and a beta of 0.07.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last released its earnings results on Wednesday, March 11th. The company reported C$0.65 earnings per share for the quarter. The Descartes Systems Group had a return on equity of 10.76% and a net margin of 22.47%.The company had revenue of C$239.67 million during the quarter. As a group, sell-side analysts forecast that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current year.

Analyst Upgrades and Downgrades

DSG has been the topic of a number of research analyst reports. Barclays upgraded The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Rothschild & Co Redburn upgraded The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, the company has an average 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.