Insider Selling: The Descartes Systems Group Inc. (TSE:DSG) Senior Officer Sells C$1,318,575.45 in Stock

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) Senior Officer Raimond Diederik sold 10,077 shares of The Descartes Systems Group stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of C$130.85, for a total transaction of C$1,318,575.45.

The Descartes Systems Group Stock Performance

TSE DSG opened at C$129.20 on Monday. The company has a market capitalization of C$11.03 billion, a price-to-earnings ratio of 70.99, a PEG ratio of 2.70 and a beta of 0.75. The company has a quick ratio of 1.85, a current ratio of 2.05 and a debt-to-equity ratio of 0.56. The Descartes Systems Group Inc. has a twelve month low of C$95.03 and a twelve month high of C$137.30. The stock has a fifty day simple moving average of C$129.03 and a 200 day simple moving average of C$121.27.

Analyst Ratings Changes

A number of research firms have weighed in on DSG. Royal Bank of Canada boosted their target price on shares of The Descartes Systems Group from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Barclays boosted their price objective on The Descartes Systems Group from C$71.00 to C$75.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 20th. Finally, William Blair reiterated an “outperform” rating on shares of The Descartes Systems Group in a research report on Monday, April 1st.

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.