Digi International (NASDAQ:DGII) VP David Sampsell Sells 6,376 Shares of Stock

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

Digi International Price Performance

Digi International stock opened at $64.22 on Friday. The business has a 50 day simple moving average of $53.49 and a 200-day simple moving average of $46.86. Digi International Inc. has a 12 month low of $30.69 and a 12 month high of $69.81. 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 stock has a market capitalization of $2.42 billion, a PE ratio of 56.83 and a beta of 0.94.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Craig Hallum raised their price objective 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. Piper Sandler boosted their target price on Digi International from $46.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Roth Mkm reissued a “buy” rating and set a $70.00 target price on shares of Digi International in a research note on Thursday, May 7th. Weiss Ratings cut Digi International from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, Digi International has an average rating of “Moderate Buy” and a consensus target price of $66.20.

Institutional Investors Weigh In On Digi International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. boosted its stake in shares of Digi International by 7.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company’s stock worth $22,736,000 after acquiring an additional 46,659 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Digi International by 25.1% in the 2nd quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock worth $58,000 after acquiring an additional 339 shares during the period. SG Americas Securities LLC increased its stake in Digi International by 445.3% in the 3rd quarter. SG Americas Securities LLC now owns 30,670 shares of the technology company’s stock valued at $1,118,000 after purchasing an additional 25,046 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its stake in Digi International by 30.5% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 28,762 shares of the technology company’s stock valued at $1,049,000 after purchasing an additional 6,726 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in Digi International by 3.6% during 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 and hedge funds.

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.