Insider Selling: The Descartes Systems Group Inc. (TSE:DSG) Senior Officer Sells 22,900 Shares of Stock

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

The Descartes Systems Group Price Performance

The Descartes Systems Group stock traded up C$0.23 during mid-day trading on Monday, hitting C$138.22. The company’s stock had a trading volume of 4,283 shares, compared to its average volume of 103,678. The company has a quick ratio of 1.85, a current ratio of 1.79 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of C$11.82 billion, a P/E ratio of 68.65, a P/E/G ratio of 2.39 and a beta of 0.74. The Descartes Systems Group Inc. has a twelve month low of C$96.51 and a twelve month high of C$143.33. The stock’s fifty day moving average price is C$135.22 and its two-hundred day moving average price is C$131.25.

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

Wall Street Analysts Forecast Growth

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

About The Descartes Systems Group

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.