William Chad Murphy Sells 2,772 Shares of The Descartes Systems Group (TSE:DSG) Stock

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) insider William Chad Murphy sold 2,772 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of C$101.05, for a total value of C$280,110.60.

The Descartes Systems Group Stock Down 0.4%

Shares of DSG stock opened at C$98.23 on Wednesday. The stock has a 50 day moving average of C$99.27 and a 200 day moving average of C$102.63. The company has a current ratio of 2.05, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The stock has a market cap of C$8.42 billion, a P/E ratio of 48.87, a P/E/G ratio of 2.39 and a beta of 0.11. The Descartes Systems Group Inc. has a twelve month low of C$85.26 and a twelve month high of C$150.74.

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

Wall Street Analysts Forecast Growth

Separately, Rothschild & Co Redburn raised 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 given a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus 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.