Descartes Systems Group Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

TSX:DSG Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
17 Dec 24	SellCA$902,616	Allan Brett	Individual	5,260	CA$171.60
06 Dec 24	SellCA$345,027	Edward Gardner	Individual	2,019	CA$170.89
06 Dec 24	SellCA$1,121,235	Robert Parker	Individual	6,718	CA$167.00
09 Sep 24	SellCA$733,344	Kenneth Wood	Individual	5,584	CA$131.33
12 Jun 24	SellCA$1,154,700	Eric Demirian	Individual	9,000	CA$128.30

Insider Trading Volume

Insider Buying: DSG insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of DSG?
Owner Type	Number of Shares	Ownership Percentage
State or Government	39,346	0.046%
Individual Insiders	269,337	0.315%
General Public	12,129,833	14.2%
Institutions	73,100,921	85.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 53.44% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.8%	T. Rowe Price Group, Inc.	9,229,602	CA$1.6b	2.71%	0.09%
4.04%	Durable Capital Partners, LP	3,455,887	CA$587.2m	0%	2.74%
3.79%	The Vanguard Group, Inc.	3,244,982	CA$551.3m	1.6%	0.01%
3.7%	Conestoga Capital Advisors, LLC	3,168,594	CA$538.3m	1.68%	4.73%
3.32%	Jarislowsky, Fraser Limited	2,838,860	CA$482.3m	-1.78%	1.56%
3.01%	Fiera Capital Corporation	2,578,648	CA$438.1m	0.77%	0.68%
2.51%	Mackenzie Financial Corporation	2,147,297	CA$364.8m	0.61%	0.27%
2.47%	PRIMECAP Management Company	2,114,381	CA$359.2m	-5.55%	0.17%
2.24%	Connor, Clark & Lunn Investment Management Ltd.	1,912,395	CA$324.9m	-6.75%	1.01%
1.79%	BMO Asset Management Corp.	1,532,493	CA$260.4m	-0.81%	0.07%
1.69%	Nationwide Fund Advisors	1,448,790	CA$246.1m	1.33%	1.0%
1.53%	Invesco Ltd.	1,308,206	CA$222.3m	-6.79%	0.04%
1.42%	Congress Asset Management Company, LLP	1,211,852	CA$205.9m	-0.8%	0.92%
1.31%	Norges Bank Investment Management	1,123,633	CA$190.9m	0%	0.01%
1.26%	Brown Capital Management, LLC	1,075,939	CA$182.8m	-6.77%	1.7%
1.03%	Franklin Resources, Inc.	878,952	CA$149.3m	-0.91%	0.04%
1.02%	TD Asset Management, Inc.	871,558	CA$148.1m	10%	0.07%
0.97%	Handelsbanken Asset Management	826,363	CA$140.4m	0%	0.14%
0.94%	Riverbridge Partners, LLC	800,923	CA$136.1m	-7.54%	1.24%
0.82%	BlackRock, Inc.	705,663	CA$119.9m	24.6%	no data
0.82%	National Bank Investments Inc.	699,157	CA$118.8m	390%	0.1%
0.79%	Lord, Abbett & Co. LLC	672,897	CA$114.3m	12.1%	0.23%
0.74%	Janus Henderson Group plc	632,168	CA$107.4m	-0.21%	0.03%
0.73%	UBS Asset Management AG	622,997	CA$105.8m	-12.1%	0.01%
0.72%	GW&K Investment Management, LLC	613,952	CA$104.3m	-8.13%	0.57%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/22 06:55
End of Day Share Price	2025/01/22 00:00
Earnings	2024/10/31
Annual Earnings	2024/01/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

The Descartes Systems Group Inc. is covered by 33 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ishan Majumdar	Baptista Research
Raimo Lenschow	Barclays
Gabriel Leung	Beacon Securities Limited