Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of The Descartes Systems Group Inc. (NASDAQ:DSGX). In a filing disclosed on March 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in The Descartes Systems Group stock on February 18th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Thermon Group (NYSE:THR) on 3/2/2026.
• Purchased $1,001 – $15,000 in shares of Federal Signal (NYSE:FSS) on 3/2/2026.
• Purchased $1,001 – $15,000 in shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 2/24/2026.
• Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 2/24/2026.
• Purchased $1,001 – $15,000 in shares of Micron Technology (NASDAQ:MU) on 2/24/2026.
• Sold $1,001 – $15,000 in shares of Oracle (NYSE:ORCL) on 2/24/2026.
• Purchased $1,001 – $15,000 in shares of Champion Homes (NYSE:SKY) on 2/23/2026.
• Sold $1,001 – $15,000 in shares of Tri Pointe Homes (NYSE:TPH) on 2/23/2026.
• Sold $1,001 – $15,000 in shares of Xiaomi (OTCMKTS:XIACF) on 2/20/2026.

The Descartes Systems Group Stock Down 1.3%

Shares of DSGX opened at $69.10 on Thursday. The company has a market cap of $5.94 billion, a P/E ratio of 39.04 and a beta of 0.77. The Descartes Systems Group Inc. has a fifty-two week low of $62.56 and a fifty-two week high of $117.35. The firm’s 50 day moving average price is $74.84 and its 200 day moving average price is $86.47.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings results on Wednesday, March 11th. The technology company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). The business had revenue of $192.37 million during the quarter, compared to analysts’ expectations of $188.09 million. The Descartes Systems Group had a net margin of 22.10% and a return on equity of 10.57%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS. Research analysts forecast that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on DSGX. Morgan Stanley upgraded The Descartes Systems Group from an “equal weight” rating to an “overweight” rating in a research note on Thursday, January 15th. Raymond James Financial raised The Descartes Systems Group from a “market perform” rating to an “outperform” rating and set a $118.00 target price for the company in a research note on Thursday, December 4th. BMO Capital Markets cut their price target on The Descartes Systems Group from $113.00 to $95.00 and set a “market perform” rating on the stock in a report on Thursday, December 4th. Zacks Research upgraded The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of The Descartes Systems Group in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $114.20.

Institutional Investors Weigh In On The Descartes Systems Group

Several institutional investors have recently modified their holdings of DSGX. Goldman Sachs Group Inc. increased its holdings in The Descartes Systems Group by 35.1% in the first quarter. Goldman Sachs Group Inc. now owns 377,140 shares of the technology company’s stock valued at $38,027,000 after buying an additional 98,054 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in The Descartes Systems Group by 1.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,618 shares of the technology company’s stock worth $5,507,000 after buying an additional 660 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of The Descartes Systems Group by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 129,175 shares of the technology company’s stock worth $13,130,000 after acquiring an additional 840 shares in the last quarter. Andra AP fonden purchased a new position in shares of The Descartes Systems Group in the 2nd quarter valued at about $823,000. Finally, Harvest Portfolios Group Inc. purchased a new position in shares of The Descartes Systems Group in the 2nd quarter valued at about $248,000. 77.73% of the stock is owned by hedge funds and other institutional investors.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc (NASDAQ: DSGX) is a global provider of cloud-based logistics and supply chain management solutions. The company’s software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes’ modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.

Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.