The Descartes Systems Group Inc. (TSE:DSG) Senior Officer Sells C$3,216,305.00 in Stock

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) Senior Officer Andrew Roszko sold 22,900 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of C$140.45, for a total value of C$3,216,305.00.

The Descartes Systems Group Price Performance

Shares of TSE:DSG opened at C$137.30 on Thursday. The Descartes Systems Group Inc. has a fifty-two week low of C$96.51 and a fifty-two week high of C$143.33. The business has a 50-day simple moving average of C$135.31 and a two-hundred day simple moving average of C$131.40. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.85 and a current ratio of 1.79. The firm has a market cap of C$11.74 billion, a price-to-earnings ratio of 68.73, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last released its quarterly earnings results on Wednesday, September 4th. The company reported C$0.55 EPS for the quarter, missing the consensus estimate of C$0.59 by C($0.04). The Descartes Systems Group had a net margin of 21.03% and a return on equity of 10.28%. The business had revenue of C$223.45 million for the quarter, compared to analysts’ expectations of C$217.69 million. On average, analysts expect that The Descartes Systems Group Inc. will post 2.756 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$89.67.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.