John Scott Pagan Sells 20,163 Shares of The Descartes Systems Group (TSE:DSG) Stock

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) Director John Scott Pagan sold 20,163 shares of the firm’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of C$90.83, for a total value of C$1,831,405.29. Following the completion of the transaction, the director directly owned 127,639 shares of the company’s stock, valued at C$11,593,450.37. The trade was a 13.64% decrease in their ownership of the stock.

The Descartes Systems Group Price Performance

TSE:DSG opened at C$104.62 on Friday. The firm has a market capitalization of C$9.00 billion, a price-to-earnings ratio of 55.95, a P/E/G ratio of 2.39 and a beta of 0.07. The Descartes Systems Group Inc. has a 52-week low of C$85.26 and a 52-week high of C$162.10. The stock has a fifty day moving average of C$94.97 and a 200 day moving average of C$111.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.85 and a current ratio of 2.16.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last posted its quarterly earnings data on Wednesday, March 11th. The company reported C$0.65 earnings per share (EPS) for the quarter. The company had revenue of C$239.67 million during the quarter. The Descartes Systems Group had a return on equity of 10.76% and a net margin of 22.47%. On average, research analysts expect that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Barclays upgraded shares of The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Rothschild & Co Redburn upgraded shares of The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Strong Buy”.

The Descartes Systems Group Company Profile

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.