James Loch Sells 100,000 Shares of Digi International (NASDAQ:DGII) Stock

Digi International Inc. (NASDAQ:DGII) CFO James Loch sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $69.44, for a total transaction of $6,944,000.00. Following the completion of the transaction, the chief financial officer directly owned 167,589 shares in the company, valued at $11,637,380.16. This represents a 37.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Digi International Stock Performance

NASDAQ:DGII traded up $1.29 during trading hours on Thursday, hitting $69.25. 238,995 shares of the company were exchanged, compared to its average volume of 312,925. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 0.77. The company’s 50 day moving average price is $58.01 and its 200-day moving average price is $49.73. Digi International Inc. has a 52-week low of $30.69 and a 52-week high of $70.79. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 61.28 and a beta of 0.98.

Digi International (NASDAQ:DGII) last released its earnings results on Wednesday, May 6th. The technology company reported $0.62 earnings per share (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 analyst estimates of $125.03 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The company’s revenue for the quarter was up 25.1% compared to the same quarter last year. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. As a group, research analysts forecast that Digi International Inc. will post 2.11 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Bessemer Group Inc. boosted its holdings 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 acquiring an additional 1,174 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Digi International by 25.1% during the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock valued at $58,000 after buying an additional 339 shares during the period. Russell Investments Group Ltd. grew its holdings in Digi International by 1,530.9% in the third 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. LSV Asset Management acquired a new position in Digi International during the third quarter valued at $153,000. Finally, FourThought Financial Partners LLC acquired a new position in shares of Digi International in the fourth quarter worth about $204,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analyst Upgrades and Downgrades

DGII has been the topic of several analyst reports. Craig Hallum increased their target price on Digi International from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Roth Mkm reiterated a “buy” rating and set a $70.00 price target on shares of Digi International in a report on Thursday, May 7th. Piper Sandler increased their target price on Digi International from $46.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Stephens raised their price target on Digi International from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Finally, Zacks Research upgraded Digi International from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Digi International presently has a consensus rating of “Moderate Buy” and an average target price 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.