Digi International (NASDAQ:DGII) VP Sells $30,600.00 in Stock

Digi International Inc. (NASDAQ:DGII) VP James Freeland sold 450 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $68.00, for a total transaction of $30,600.00. Following the transaction, the vice president directly owned 19,219 shares of the company’s stock, valued at $1,306,892. The trade was a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Digi International Stock Performance

DGII opened at $66.75 on Friday. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 59.07 and a beta of 0.94. The company has a fifty day moving average of $56.82 and a 200 day moving average of $48.96. Digi International Inc. has a fifty-two week low of $30.69 and a fifty-two week high of $69.81. 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 (NASDAQ:DGII) last issued its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. Digi International had a net margin of 9.10% and a return on equity of 11.28%. The business had revenue of $130.74 million during the quarter, compared to analysts’ expectations of $125.03 million. During the same period last year, the company posted $0.51 EPS. The business’s revenue was up 25.1% on a year-over-year basis. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. As a group, sell-side analysts forecast that Digi International Inc. will post 2.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Digi International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. lifted its holdings in Digi International by 47.2% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 181,255 shares of the technology company’s stock valued at $6,609,000 after buying an additional 58,100 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Digi International during the 4th quarter valued at about $2,000,000. Herald Investment Management Ltd lifted its holdings in Digi International by 25.0% during the 3rd quarter. Herald Investment Management Ltd now owns 100,000 shares of the technology company’s stock valued at $3,646,000 after buying an additional 20,000 shares in the last quarter. Horizon Investments LLC bought a new stake in Digi International during the 4th quarter valued at about $598,000. Finally, Legato Capital Management LLC lifted its holdings in Digi International by 183.1% during the 4th quarter. Legato Capital Management LLC now owns 17,436 shares of the technology company’s stock valued at $755,000 after buying an additional 11,276 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DGII shares. Weiss Ratings cut shares of Digi International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Roth Mkm reaffirmed a “buy” rating and set a $70.00 price target on shares of Digi International in a research note on Thursday, May 7th. Piper Sandler lifted their price target on shares of Digi International from $46.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Zacks Research raised shares of Digi International from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Wall Street Zen raised shares of Digi International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.