Digi International (NASDAQ:DGII) VP Sells $415,141.36 in Stock

Digi International Inc. (NASDAQ:DGII) VP David Sampsell sold 6,376 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $65.11, for a total transaction of $415,141.36. Following the completion of the sale, the vice president directly owned 18,364 shares in the company, valued at $1,195,680.04. This represents a 25.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Digi International Price Performance

DGII traded down $1.11 on Thursday, reaching $64.22. The company had a trading volume of 489,592 shares, compared to its average volume of 306,729. The business has a 50 day simple moving average of $53.21 and a 200 day simple moving average of $46.68. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 56.83 and a beta of 0.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.77 and a current ratio of 1.11. Digi International Inc. has a 52-week low of $30.69 and a 52-week high of $69.81.

Digi International (NASDAQ:DGII) last announced its earnings results on Wednesday, May 6th. The technology company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $130.74 million for the quarter, compared to the consensus estimate of $125.03 million. Digi International had a net margin of 9.10% and a return on equity of 11.28%. Digi International’s quarterly revenue was up 25.1% on a year-over-year basis. During the same period last year, the firm posted $0.51 earnings per share. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. As a group, sell-side analysts anticipate that Digi International Inc. will post 1.87 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Leuthold Group LLC grew its position in Digi International by 0.5% during the fourth quarter. Leuthold Group LLC now owns 56,738 shares of the technology company’s stock valued at $2,456,000 after acquiring an additional 264 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Digi International by 8.1% in the fourth quarter. Russell Investments Group Ltd. now owns 3,649 shares of the technology company’s stock worth $158,000 after purchasing an additional 273 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of Digi International by 5.9% in the fourth quarter. Brooklyn Investment Group now owns 5,983 shares of the technology company’s stock worth $265,000 after purchasing an additional 331 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Digi International by 25.1% in the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock worth $58,000 after purchasing an additional 339 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in shares of Digi International by 3.6% in the third quarter. Amalgamated Bank now owns 10,894 shares of the technology company’s stock worth $397,000 after purchasing an additional 380 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DGII. Weiss Ratings downgraded shares of Digi International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Piper Sandler raised their target price on shares of Digi International from $46.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Roth Mkm reiterated a “buy” rating and set a $70.00 price target on shares of Digi International in a research report on Thursday, May 7th. Craig Hallum increased their price target on shares of Digi International from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Stephens increased their price target on shares of Digi International from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $66.20.

Digi International Company Profile

Digi International Inc is a provider of Internet of Things (IoT) connectivity products and services designed to link devices to networks and applications securely. The company develops a broad range of networking hardware, including cellular and Ethernet routers, gateways, embedded modules and adaptors, as well as accessories and antennas. Digi’s solutions enable businesses to deploy remote monitoring, control and automation systems across diverse industries such as transportation, utilities, healthcare, retail and industrial manufacturing.

In addition to its physical devices, Digi offers cloud-based management software and professional services that simplify device configuration, monitoring and over-the-air updates.