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

Key Points

• Insider Edward Ryan sold 16,651 shares of The Descartes Systems Group at an average price of C$111.41, generating approximately C$1.86 million and reducing his holdings by 37.39%.
• Ryan subsequently sold his remaining 27,888 shares at an average price of C$111.68 for about C$3.11 million, according to the article.
• The stock traded at C$113.06, while analysts maintained a highly positive outlook: four rated it Strong Buy and one rated it Buy. The company reported quarterly revenue of C$281.94 million and earnings of C$0.80 per share.

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 on Tuesday, September 22nd. The stock was sold at an average price of C$111.41, for a total value of C$1,855,087.91. Following the completion of the transaction, the insider owned 27,888 shares of the company's stock, valued at C$3,107,002.08. This represents 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 shares were sold at an average price of C$111.68, for a total transaction of C$3,114,531.84.

The Descartes Systems Group Stock Performance

The Descartes Systems Group stock traded up C$2.21 during mid-day trading on Wednesday, reaching C$113.06. 126,024 shares of the stock traded hands, compared to its average volume of 379,626. The business's 50-day moving average is C$106.73 and its 200-day moving average is C$101.69. The stock has a market capitalization of C$9.67 billion, a PE 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 12-month low of C$85.26 and a 12-month 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 Descartes Systems Group (TSE:DSG - Get Free Report) NASDAQ: DSGX last issued its quarterly earnings data on Thursday, September 10th. The company reported C$0.80 earnings per share for the quarter. The Descartes Systems Group had a net margin of 24.25% and a return on equity of 11.71%. The firm had revenue of C$281.94 million for the quarter. As a group, sell-side analysts predict 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 report on Tuesday, July 14th. Four research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. According to data from MarketBeat, the stock 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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