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 company’s stock in a transaction on 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

Shares of DSG stock opened at C$98.23 on Thursday. The business has a fifty day moving average of C$99.14 and a 200 day moving average of C$102.43. The Descartes Systems Group Inc. has a 1 year low of C$85.26 and a 1 year high of C$150.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.05 and a quick ratio of 1.85. The firm has a market capitalization of C$8.42 billion, a price-to-earnings ratio of 48.87, a price-to-earnings-growth ratio of 2.39 and a beta of 0.11.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported C$0.75 earnings per share for the quarter. The business had revenue of C$262.95 million for the quarter. The Descartes Systems Group had a return on equity of 11.26% and a net margin of 23.35%. As a group, research analysts expect that The Descartes Systems Group Inc. will post 3.3498285 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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