Insider Selling: Digi International (NASDAQ:DGII) CFO Sells $6,944,000.00 in Stock

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

Digi International Stock Performance

Shares of DGII stock opened at $65.95 on Friday. The stock has a market capitalization of $2.49 billion, a PE ratio of 58.36 and a beta of 0.98. Digi International Inc. has a 52-week low of $30.69 and a 52-week high of $70.79. The stock’s 50-day moving average price is $58.71 and its 200 day moving average price is $50.06. The company has a quick ratio of 0.77, a current ratio of 1.11 and a debt-to-equity ratio of 0.21.

Digi International (NASDAQ:DGII) last issued its quarterly earnings results 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 firm had revenue of $130.74 million for the quarter, compared to analysts’ expectations of $125.03 million. Digi International had a return on equity of 11.28% and a net margin of 9.10%.The firm’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. As a group, equities research analysts forecast that Digi International Inc. will post 2.11 EPS for the current year.

Wall Street Analyst Weigh In

DGII has been the topic of several recent research reports. Craig Hallum boosted their price target on Digi International from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings cut Digi International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Roth Mkm reiterated a “buy” rating and set a $70.00 target price on shares of Digi International 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. Finally, Stephens boosted their target price on Digi International from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.20.

Institutional Investors Weigh In On Digi International

Several institutional investors have recently modified their holdings of the company. Leuthold Group LLC boosted its stake in shares of Digi International by 0.5% during the 4th quarter. Leuthold Group LLC now owns 56,738 shares of the technology company’s stock worth $2,456,000 after acquiring an additional 264 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Digi International by 8.1% during the 4th quarter. Russell Investments Group Ltd. now owns 3,649 shares of the technology company’s stock worth $158,000 after acquiring an additional 273 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of Digi International by 5.9% during the 4th quarter. Brooklyn Investment Group now owns 5,983 shares of the technology company’s stock worth $265,000 after acquiring an additional 331 shares in the last quarter. Lazard Asset Management LLC boosted its stake 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 worth $58,000 after acquiring an additional 339 shares in the last quarter. Finally, Verity Asset Management Inc. boosted its stake in shares of Digi International by 7.5% during the 4th quarter. Verity Asset Management Inc. now owns 13,690 shares of the technology company’s stock worth $593,000 after acquiring an additional 951 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

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.