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

Key Points

• Insider sale: Director Edward Ryan sold 34,193 shares on April 13 at C$89.70 each for C$3,067,112.10, reducing his holding by 43.43% to 44,539 shares (worth ~C$3.995M).
• Stock snapshot: Descartes traded at C$104.18 with a market cap of C$8.96 billion, a PE of 55.71 and a 52‑week range of C$85.26–C$162.10.
• Analysts & results: The company reported C$0.65 EPS and C$239.67M revenue for the quarter and has a consensus Strong Buy rating after recent upgrades from Rothschild & Co Redburn and Barclays.

The Descartes Systems Group Inc. (TSE:DSG - Get Free Report) NASDAQ: DSGX insider Edward Ryan sold 34,193 shares of the stock in a transaction that occurred on 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 sale, the insider owned 44,539 shares of the company's stock, valued at approximately C$3,995,148.30. The trade was a 43.43% decrease in their position.

The Descartes Systems Group Stock Performance

The Descartes Systems Group stock traded up C$0.25 during trading hours on Friday, hitting C$104.18. The stock had a trading volume of 215,685 shares, compared to its average volume of 341,461. The company has a 50-day moving average of C$94.70 and a two-hundred day moving average of C$112.05. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.52. The company has a market cap of C$8.96 billion, a PE ratio of 55.71, a price-to-earnings-growth ratio of 2.39 and a beta of 0.07. The Descartes Systems Group Inc. has a fifty-two week low of C$85.26 and a fifty-two week 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 EPS for the quarter. The firm had revenue of C$239.67 million during the quarter. The Descartes Systems Group had a return on equity of 10.76% and a net margin of 22.47%. On average, equities research analysts anticipate that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Rothschild & Co Redburn upgraded The Descartes Systems Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday. Barclays upgraded The Descartes Systems Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 12th. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to 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.

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