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

Digi International Inc. (NASDAQ:DGII) VP David Sampsell sold 6,376 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $65.11, for a total value of $415,141.36. Following the completion of the sale, the vice president directly owned 18,364 shares of the company’s stock, valued at $1,195,680.04. The trade was a 25.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Digi International Trading Down 1.7%

DGII stock traded down $1.11 on Thursday, reaching $64.22. The company’s stock had a trading volume of 489,592 shares, compared to its average volume of 306,729. The business has a fifty day simple moving average of $53.21 and a two-hundred day simple moving average of $46.68. Digi International Inc. has a 12-month low of $30.69 and a 12-month high of $69.81. The firm has a market cap of $2.42 billion, a PE ratio of 56.83 and a beta of 0.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.77 and a current ratio of 1.11.

Digi International (NASDAQ:DGII) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.58 by $0.04. Digi International had a return on equity of 11.28% and a net margin of 9.10%.The company had revenue of $130.74 million during the quarter, compared to the consensus estimate of $125.03 million. During the same period last year, the company earned $0.51 EPS. Digi International’s revenue for the quarter was up 25.1% on a year-over-year basis. 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 1.87 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DGII. Bessemer Group Inc. lifted its holdings in Digi International by 2,215.1% in the 3rd 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 in the last quarter. Lazard Asset Management LLC lifted its holdings in 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 purchasing an additional 339 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Digi International by 1,530.9% in 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 in the last quarter. LSV Asset Management purchased a new position in Digi International in the 3rd quarter worth approximately $153,000. Finally, FourThought Financial Partners LLC purchased a new position in Digi International in the 4th quarter worth approximately $204,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DGII has been the subject of several research analyst reports. Wall Street Zen upgraded Digi International from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Zacks Research upgraded Digi International from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Roth Mkm reiterated a “buy” rating and set a $70.00 price objective on shares of Digi International in a research note on Thursday, May 7th. Weiss Ratings downgraded Digi International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Finally, Piper Sandler boosted their price objective on Digi International from $46.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Digi International currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.20.

About Digi International

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.