Insider Selling: The Descartes Systems Group (TSE:DSG) Insider Sells C$280,110.60 in Stock

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) insider William Chad Murphy sold 2,772 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of C$101.05, for a total value of C$280,110.60.

The Descartes Systems Group Stock Performance

The Descartes Systems Group stock traded down C$1.12 during midday trading on Monday, hitting C$98.71. 114,153 shares of the company were exchanged, compared to its average volume of 332,491. The business has a fifty day simple moving average of C$99.50 and a two-hundred day simple moving average of C$103.04. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.05. The firm has a market capitalization of C$8.46 billion, a PE ratio of 49.11, a price-to-earnings-growth ratio of 2.39 and a beta of 0.11. The Descartes Systems Group Inc. has a fifty-two week low of C$85.26 and a fifty-two week high of C$150.74.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported C$0.75 earnings per share (EPS) for the quarter. The Descartes Systems Group had a return on equity of 11.26% and a net margin of 23.35%.The company had revenue of C$262.95 million during the quarter. On average, sell-side analysts forecast that The Descartes Systems Group Inc. will post 3.3498285 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Rothschild & Co Redburn raised shares of The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Three research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, The Descartes Systems Group presently has a consensus 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.