Insider Selling: The Descartes Systems Group (TSE:DSG) Director Sells 20,163 Shares of Stock

Key Points

• Director John Scott Pagan sold 20,163 shares of Descartes on April 13 at an average price of C$90.83 for a total of C$1,831,405, leaving him with 127,639 shares and a 13.64% reduction in his stake.
• The stock recently traded at C$104.18, with a market cap of C$8.96 billion and a high valuation profile (PE ~55.7) and a 1‑year range of C$85.26–C$162.10.
• Most analysts are bullish—MarketBeat shows an average rating of "Strong Buy" (three Strong Buy, one Buy)—and the company reported Q4 EPS of C$0.65 on C$239.67 million in revenue, with a 22.47% net margin.

The Descartes Systems Group Inc. (TSE:DSG - Get Free Report) NASDAQ: DSGX Director John Scott Pagan sold 20,163 shares of The Descartes Systems Group stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of C$90.83, for a total value of C$1,831,405.29. Following the completion of the sale, the director directly owned 127,639 shares in the company, valued at C$11,593,450.37. This represents a 13.64% decrease in their ownership of the stock.

The Descartes Systems Group Price Performance

Shares of TSE:DSG traded up C$0.25 during trading on Friday, reaching C$104.18. The stock had a trading volume of 215,685 shares, compared to its average volume of 341,461. The business has a fifty day moving average price of C$94.70 and a 200-day moving average price of C$112.05. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.85 and a current ratio of 2.16. The stock has a market cap of C$8.96 billion, a PE ratio of 55.71, a PEG ratio of 2.39 and a beta of 0.07. The Descartes Systems Group Inc. has a 1-year low of C$85.26 and a 1-year high of C$162.10.

The Descartes Systems Group (TSE:DSG - Get Free Report) NASDAQ: DSGX last posted its quarterly earnings results on Wednesday, March 11th. The company reported C$0.65 earnings per share for the quarter. The firm had revenue of C$239.67 million for the quarter. The Descartes Systems Group had a net margin of 22.47% and a return on equity of 10.76%. On average, equities analysts forecast that The Descartes Systems Group Inc. will post 3.3498285 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DSG has been the topic of a number of analyst reports. Barclays raised shares of The Descartes Systems Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 12th. Rothschild & Co Redburn raised shares of The Descartes Systems Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company presently 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.

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