Insider Selling: Digi International (NASDAQ:DGII) VP Sells 4,727 Shares of Stock

Digi International Inc. (NASDAQ:DGII) VP David Sampsell sold 4,727 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $40.00, for a total value of $189,080.00. Following the sale, the vice president owned 31,748,507 shares of the company’s stock, valued at approximately $1,269,940,280. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Digi International Trading Up 2.3%

Shares of Digi International stock traded up $0.94 on Tuesday, hitting $41.84. 246,613 shares of the company’s stock traded hands, compared to its average volume of 196,366. The company has a fifty day moving average of $37.47 and a two-hundred day moving average of $35.05. Digi International Inc. has a one year low of $22.39 and a one year high of $44.79. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 36.70, a price-to-earnings-growth ratio of 1.23 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.43 and a quick ratio of 1.03.

Digi International (NASDAQ:DGII) last released its earnings results on Wednesday, November 12th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. The company had revenue of $114.34 million for the quarter, compared to the consensus estimate of $110.75 million. Digi International had a net margin of 10.14% and a return on equity of 10.96%. Digi International’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS. Digi International has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, sell-side analysts expect that Digi International Inc. will post 1.68 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DGII. Bessemer Group Inc. increased its position in shares of Digi International by 2,215.1% during the 3rd quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company’s stock valued at $45,000 after purchasing an additional 1,174 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Digi International by 25.1% in the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock valued at $58,000 after acquiring an additional 339 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Digi International by 67.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,696 shares of the technology company’s stock valued at $59,000 after acquiring an additional 685 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Digi International by 5,263.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,038 shares of the technology company’s stock worth $71,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Digi International by 1,530.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the technology company’s stock worth $123,000 after purchasing an additional 3,169 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Digi International in a research report on Wednesday, October 8th. Roth Capital boosted their price objective on Digi International from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Craig Hallum raised shares of Digi International from a “hold” rating to a “buy” rating and lifted their price target for the company from $30.00 to $45.00 in a research report on Thursday, November 13th. Stephens reiterated an “overweight” rating and set a $50.00 price objective on shares of Digi International in a report on Tuesday, August 19th. Finally, Piper Sandler lifted their price target on Digi International from $36.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $46.80.

About Digi International

Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States, Europe, the Middle East, Africa, and internationally. The company operates in two segments, IoT Products & Services, and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand.