Digi International (NASDAQ:DGII) Director Sells $276,000.00 in Stock

by · The Cerbat Gem

Digi International Inc. (NASDAQ:DGII – Get Free Report) Director Satbir Khanuja sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $46.00, for a total transaction of $276,000.00. Following the completion of the transaction, the director directly owned 85,298 shares in the company, valued at $3,923,708. This trade represents a 6.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Digi International Trading Up 0.8%

Shares of DGII traded up $0.36 on Wednesday, reaching $46.41. 250,133 shares of the company’s stock were exchanged, compared to its average volume of 305,587. 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 stock has a market capitalization of $1.75 billion, a P/E ratio of 41.44 and a beta of 0.85. The business has a 50 day moving average price of $44.09 and a two-hundred day moving average price of $39.00. Digi International Inc. has a 12 month low of $22.39 and a 12 month high of $48.00.

Digi International (NASDAQ:DGII – Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Digi International had a net margin of 9.45% and a return on equity of 10.93%. The firm had revenue of $122.46 million for the quarter, compared to analysts’ expectations of $115.90 million. During the same period last year, the firm earned $0.45 earnings per share. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. Digi International has set its Q2 2026 guidance at 0.560-0.590 EPS. Research analysts anticipate that Digi International Inc. will post 1.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DGII shares. Zacks Research downgraded Digi International from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Piper Sandler boosted their target price on Digi International from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Craig Hallum reaffirmed a “buy” rating and issued a $50.00 price target on shares of Digi International in a research note on Thursday, February 5th. Wall Street Zen upgraded shares of Digi International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Finally, Stephens boosted their price objective on shares of Digi International from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, January 2nd. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.80.

Read Our Latest Analysis on Digi International

Institutional Trading of Digi International

Several hedge funds have recently bought and sold shares of DGII. GW&K Investment Management LLC bought a new position in Digi International in the fourth quarter valued at approximately $2,410,000. Hillsdale Investment Management Inc. raised its holdings in shares of Digi International by 6.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 193,155 shares of the technology company’s stock worth $8,362,000 after acquiring an additional 11,900 shares during the period. Legato Capital Management LLC lifted its position in Digi International by 183.1% in the 4th quarter. Legato Capital Management LLC now owns 17,436 shares of the technology company’s stock valued at $755,000 after acquiring an additional 11,276 shares in the last quarter. FourThought Financial Partners LLC bought a new stake in Digi International in the 4th quarter valued at $204,000. Finally, Gamco Investors INC. ET AL boosted its stake in Digi International by 7.5% in the 4th quarter. Gamco Investors INC. ET AL now owns 40,365 shares of the technology company’s stock worth $1,747,000 after purchasing an additional 2,800 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Digi International Company Profile

(Get Free Report)

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.

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