Key Points
- Insider Edward Ryan sold 16,651 Descartes Systems Group shares at an average price of C$111.41, generating approximately C$1.86 million and reducing his ownership by 37.39%.
- Ryan subsequently sold his remaining 27,888 shares for about C$3.11 million at an average price of C$111.68.
- Despite the insider sales, analysts remain bullish: four rate the stock “Strong Buy” and one rates it “Buy.” The company recently reported C$0.80 in quarterly EPS and C$281.94 million in revenue.
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 that occurred on Tuesday, September 22nd. The shares were sold at an average price of C$111.41, for a total value 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. This trade represents a 37.39% decrease in their ownership of the stock.
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 Price Performance
The Descartes Systems Group stock opened at C$113.12 on Thursday. The stock's fifty day moving average price is C$106.99 and its two-hundred day moving average price is C$101.79. The Descartes Systems Group Inc. has a one year low of C$85.26 and a one year high of C$140.03. 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 firm has a market cap of C$9.68 billion, a PE ratio of 52.61, a price-to-earnings-growth ratio of 2.39 and a beta of 0.14.
The Descartes Systems Group (TSE:DSG - Get Free Report) (NASDAQ:DSGX) last announced its quarterly earnings data 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 during the quarter. The Descartes Systems Group had a return on equity of 11.69% and a net margin of 24.25%. As a group, research analysts expect that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, National Bank Financial upgraded shares of The Descartes Systems Group to a "strong-buy" rating in a research note on Tuesday, July 14th. Four analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Strong Buy".
View Our Latest Analysis on DSG
The Descartes Systems Group Company Profile
(
Get Free Report)
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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