Digi International (NASDAQ:DGII) VP Sells $228,700.00 in Stock

Digi International Inc. (NASDAQ:DGII) VP David Sampsell sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $45.74, for a total transaction of $228,700.00. Following the completion of the sale, the vice president owned 24,740 shares in the company, valued at $1,131,607.60. This represents a 16.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Digi International Stock Performance

NASDAQ:DGII traded up $0.36 during trading hours on Wednesday, reaching $46.41. The company had a trading volume of 250,133 shares, compared to its average volume of 305,587. Digi International Inc. has a 52 week low of $22.39 and a 52 week high of $48.00. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 41.44 and a beta of 0.85. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average price is $44.09 and its 200-day moving average price is $39.00.

Digi International (NASDAQ:DGII) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $122.46 million for the quarter, compared to the consensus estimate of $115.90 million. Digi International had a net margin of 9.45% and a return on equity of 10.93%. The firm’s revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 earnings per share. Digi International has set its Q2 2026 guidance at 0.560-0.590 EPS. On average, analysts forecast that Digi International Inc. will post 1.68 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Roth Mkm upped their price objective on Digi International from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Piper Sandler boosted their price target on Digi International from $41.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Wall Street Zen raised Digi International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Stephens lifted their price objective on Digi International from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, January 2nd. Finally, Zacks Research lowered shares of Digi International from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Digi International currently has an average rating of “Moderate Buy” and a consensus price target of $49.80.

Institutional Investors Weigh In On Digi International

Hedge funds have recently made changes to their positions in the company. Leuthold Group LLC grew its holdings in Digi International by 0.5% during the 4th quarter. Leuthold Group LLC now owns 56,738 shares of the technology company’s stock valued at $2,456,000 after buying an additional 264 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Digi International by 25.1% during the 2nd 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. 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 valued at $397,000 after purchasing an additional 380 shares in the last quarter. Verity Asset Management Inc. grew its holdings in shares of Digi International by 7.5% in the fourth quarter. Verity Asset Management Inc. now owns 13,690 shares of the technology company’s stock valued at $593,000 after purchasing an additional 951 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in Digi International by 2,215.1% in the third quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company’s stock worth $45,000 after purchasing an additional 1,174 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

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.