Insider Selling: Digi International (NASDAQ:DGII) VP Sells 22,222 Shares of Stock

Digi International Inc. (NASDAQ:DGII) VP David Sampsell sold 22,222 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $38.38, for a total transaction of $852,880.36. Following the completion of the sale, the vice president owned 31,749 shares in the company, valued at approximately $1,218,526.62. This trade represents a 41.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Digi International Trading Up 3.3%

DGII stock traded up $1.28 during mid-day trading on Wednesday, hitting $39.81. 291,560 shares of the company were exchanged, compared to its average volume of 194,236. Digi International Inc. has a 12-month low of $22.39 and a 12-month high of $44.79. The firm has a market capitalization of $1.48 billion, a P/E ratio of 34.92, a PEG ratio of 1.23 and a beta of 0.93. The business has a fifty day simple moving average of $37.02 and a 200-day simple moving average of $34.69. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.06.

Digi International (NASDAQ:DGII) last issued its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.51 by $0.05. Digi International had a net margin of 10.14% and a return on equity of 10.96%. The firm had revenue of $114.34 million for the quarter, compared to analyst estimates of $110.75 million. During the same period in the prior year, the business posted $0.52 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. Digi International has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities research analysts predict that Digi International Inc. will post 1.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Digi International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geneva Capital Management LLC grew its stake in shares of Digi International by 5.9% during the second quarter. Geneva Capital Management LLC now owns 1,730,417 shares of the technology company’s stock worth $60,322,000 after purchasing an additional 95,756 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in 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 buying an additional 46,659 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Digi International by 2,297.0% during the 1st quarter. Pacer Advisors Inc. now owns 238,019 shares of the technology company’s stock worth $6,624,000 after acquiring an additional 228,089 shares in the last quarter. Hillsdale Investment Management Inc. boosted its position in shares of Digi International by 47.2% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 181,255 shares of the technology company’s stock worth $6,609,000 after acquiring an additional 58,100 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Digi International by 9,344.7% in the 1st quarter. Jones Financial Companies Lllp now owns 108,614 shares of the technology company’s stock valued at $3,023,000 after acquiring an additional 107,464 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Piper Sandler raised their target price on Digi International from $36.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, November 13th. B. Riley increased their price target on shares of Digi International from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Roth Capital lifted their price objective on shares of Digi International from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Weiss Ratings restated a “hold (c)” rating on shares of Digi International in a research note on Wednesday, October 8th. Finally, Stephens reaffirmed an “overweight” rating and set a $50.00 price objective on shares of Digi International in a research report on Tuesday, August 19th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $46.80.

About Digi International

Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States, Europe, the Middle East, Africa, and internationally. The company operates in two segments, IoT Products & Services, and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand.