Descartes Systems Group Ownership

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

Recent Insider Transactions

NasdaqGS:DSGX Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
24 Sep 25	BuyUS$5,985	Jane Mowat	Individual	60	US$99.75
05 Sep 25	BuyUS$36,302	Jane Mowat	Individual	340	US$106.81
23 Jun 25	BuyUS$73,039	Peter Nguyen	Individual	730	US$100.05
19 Jun 25	SellUS$2,760,965	Andrew Roszko	Individual	28,116	US$98.90
15 Apr 25	SellUS$3,846,185	Edward Ryan	Individual	37,593	US$102.90
17 Dec 24	SellUS$630,296	Allan Brett	Individual	5,260	US$119.83
06 Dec 24	SellUS$244,037	Edward Gardner	Individual	2,019	US$120.87
06 Dec 24	SellUS$793,048	Robert Parker	Individual	6,718	US$118.12

Insider Trading Volume

Insider Buying: DSGX insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of DSGX?
Owner Type	Number of Shares	Ownership Percentage
State or Government	0	0%
Individual Insiders	300,997	0.35%
General Public	12,674,886	14.7%
Institutions	72,959,633	84.9%

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

Top Shareholders

Top 25 shareholders own 52.02% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
11.4%	T. Rowe Price Group, Inc.	9,756,788	US$799.4m	-8.08%	0.06%
4.11%	The Vanguard Group, Inc.	3,533,392	US$289.5m	3.26%	no data
3.86%	Mackenzie Financial Corporation	3,315,493	US$271.6m	-16%	0.25%
3.46%	Fiera Capital Corporation	2,976,093	US$243.8m	10.2%	0.58%
3.07%	Conestoga Capital Advisors, LLC	2,635,476	US$215.9m	-1.95%	3.49%
2.89%	Jarislowsky, Fraser Limited	2,483,153	US$203.4m	-4.67%	0.98%
2.64%	Janus Henderson Group plc	2,269,917	US$186.0m	257%	0.07%
1.96%	BMO Asset Management Corp.	1,683,790	US$138.0m	0.32%	0.05%
1.79%	Nationwide Fund Advisors	1,537,932	US$126.0m	-0.1%	0.67%
1.7%	Temasek Holdings (Private) Limited	1,464,165	US$120.0m	63.3%	0.08%
1.38%	PRIMECAP Management Company	1,183,140	US$96.9m	-20.6%	0.07%
1.35%	Norges Bank Investment Management	1,157,701	US$94.9m	0%	0.01%
1.17%	Brown Capital Management, LLC	1,007,287	US$82.5m	1.43%	1.86%
1.17%	Westfield Capital Management Company, L.P.	1,001,331	US$82.0m	54.1%	0.34%
1.16%	Arrowstreet Capital, Limited Partnership	1,000,158	US$81.9m	-16.8%	0.05%
1.12%	CIBC Asset Management Inc.	963,361	US$78.9m	15.3%	0.12%
1.1%	TD Asset Management, Inc.	946,596	US$77.6m	-4.31%	0.05%
1.01%	Geode Capital Management, LLC	871,666	US$71.4m	9.74%	no data
0.98%	Connor, Clark & Lunn Investment Management Ltd.	846,414	US$69.3m	-44.6%	0.2%
0.86%	Putnam LLC	738,845	US$60.5m	-1.98%	0.04%
0.82%	Congress Asset Management Company, LLP	708,306	US$58.0m	-19.6%	0.39%
0.82%	Handelsbanken Asset Management	701,363	US$57.5m	0%	0.08%
0.79%	Vontobel Asset Management SA	681,500	US$55.8m	0%	0.87%
0.76%	IG Investment Management, Ltd.	653,983	US$53.6m	-1.46%	0.12%
0.69%	Riverbridge Partners, LLC	588,745	US$48.2m	-7.73%	0.83%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/12/02 15:59
End of Day Share Price	2025/12/01 00:00
Earnings	2025/07/31
Annual Earnings	2025/01/31

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.

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 Github.

Analyst Sources

The Descartes Systems Group Inc. is covered by 24 analysts. 12 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
Raimo Lenschow	Barclays
Gabriel Leung	Beacon Securities Limited
Thanos Moschopoulos	BMO Capital Markets Equity Research