Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) Director Michael Verhoeve sold 2,500 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of C$34.01, for a total transaction of C$85,025.00.

Michael Verhoeve also recently made the following trade(s):

  • On Thursday, September 14th, Michael Verhoeve sold 7,500 shares of Descartes Systems Group stock. The stock was sold at an average price of C$34.33, for a total transaction of C$257,475.00.

Descartes Systems Group Inc (TSE:DSG) traded down 0.92% on Monday, hitting $33.32. 38,147 shares of the stock were exchanged. The company has a 50-day moving average price of $33.83 and a 200 day moving average price of $32.02. The company has a market capitalization of $2.53 billion and a PE ratio of 104.12. Descartes Systems Group Inc has a 1-year low of $26.99 and a 1-year high of $35.56.

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A number of brokerages have commented on DSG. TD Securities raised their price target on shares of Descartes Systems Group to C$39.00 and gave the stock a “buy” rating in a research note on Thursday, June 1st. Raymond James Financial, Inc. raised their price target on shares of Descartes Systems Group to C$38.00 and gave the stock an “outperform” rating in a research note on Friday, September 8th. BMO Capital Markets restated a “market perform” rating and set a C$29.00 price target on shares of Descartes Systems Group in a research note on Thursday, September 7th. Barclays PLC raised their price target on shares of Descartes Systems Group from C$36.00 to C$39.00 in a research note on Thursday, September 7th. Finally, Scotiabank raised their price target on shares of Descartes Systems Group to C$38.00 and gave the stock an “outperform” rating in a research note on Thursday, June 1st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Descartes Systems Group has a consensus rating of “Buy” and a consensus target price of C$35.81.

Descartes Systems Group Company Profile

Descartes Systems Group Inc (Descartes) is a Canada-based global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. Its network-based solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); regulatory compliance and customs filing; route and resource planning, execution and monitoring; access and leverage global trade and restricted party data; inventory and asset visibility; rate and transportation management, and warehouse operations.

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