The Executive Vice-President of The Descartes Systems Group is Exercising Options

Today it was reported that the Executive Vice-President of The Descartes Systems Group (DSGXResearch Report), Raimond Diederik, exercised options to sell 11,947 DSGX shares for a total transaction value of $1.27M.

Following Raimond Diederik’s last DSGX Sell transaction on March 25, 2019, the stock climbed by 49.1%.

See today’s analyst top recommended stocks >>

Based on The Descartes Systems Group’s latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $105 million and quarterly net profit of $23.18 million. In comparison, last year the company earned revenue of $84.05 million and had a net profit of $10.54 million. The company has a one-year high of $86.88 and a one-year low of $50.57. Currently, The Descartes Systems Group has an average volume of 81.15K.

Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $90.13, reflecting a -8.1% downside.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The Descartes Systems Group, Inc. engages in the provision of logistics technology solutions. It specializes in cloud-based solutions including modular and software-as-a-service to route, schedule, track, and measure delivery resources; plan, allocate, and execute shipments; rate, audit, and pay transportation invoices; access and leverage global trade and restricted party data; file customers and security documents for imports and exports; research and perform trade tariff and duty calculations; and other logistics processes. The company was founded on May 22, 1981 and is headquartered in Waterloo, Canada.