Insider Selling: Digi International Inc. (NASDAQ:DGII) VP Sells 2,636 Shares of Stock

Digi International Inc. (NASDAQ:DGII) VP Terrence G. Schneider sold 2,636 shares of Digi International stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $13.61, for a total transaction of $35,875.96. Following the completion of the transaction, the vice president now directly owns 20,666 shares in the company, valued at approximately $281,264.26. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Digi International stock traded up $0.05 during trading on Monday, hitting $13.19. The stock had a trading volume of 68,500 shares, compared to its average volume of 152,887. The stock has a 50 day simple moving average of $12.97 and a 200 day simple moving average of $12.63. The company has a market capitalization of $366.76 million, a PE ratio of 263.80, a P/E/G ratio of 2.72 and a beta of 1.58. Digi International Inc. has a 1 year low of $9.28 and a 1 year high of $14.44.

Digi International (NASDAQ:DGII) last released its earnings results on Thursday, August 8th. The technology company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. The business had revenue of $61.17 million for the quarter, compared to the consensus estimate of $63.30 million. Digi International had a net margin of 4.43% and a return on equity of 2.15%. On average, sell-side analysts predict that Digi International Inc. will post 0.33 earnings per share for the current year.

Several equities analysts have recently issued reports on DGII shares. BidaskClub raised shares of Digi International from a “hold” rating to a “buy” rating in a research note on Thursday. TheStreet raised shares of Digi International from a “c+” rating to a “b-” rating in a research note on Monday, July 8th. ValuEngine raised shares of Digi International from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research cut shares of Digi International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Digi International presently has an average rating of “Buy” and an average price target of $17.10.

Several institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in shares of Digi International by 1.0% in the first quarter. Rhumbline Advisers now owns 82,074 shares of the technology company’s stock worth $1,040,000 after acquiring an additional 805 shares in the last quarter. Arizona State Retirement System increased its position in shares of Digi International by 2.0% in the second quarter. Arizona State Retirement System now owns 43,525 shares of the technology company’s stock worth $552,000 after acquiring an additional 833 shares in the last quarter. Strs Ohio increased its position in shares of Digi International by 7.7% in the second quarter. Strs Ohio now owns 16,700 shares of the technology company’s stock worth $211,000 after acquiring an additional 1,200 shares in the last quarter. Gabelli Funds LLC increased its position in shares of Digi International by 0.7% in the first quarter. Gabelli Funds LLC now owns 203,500 shares of the technology company’s stock worth $2,578,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Digi International by 5.0% during the second quarter. Russell Investments Group Ltd. now owns 33,360 shares of the technology company’s stock worth $423,000 after purchasing an additional 1,600 shares during the period. 81.75% of the stock is currently owned by institutional investors and hedge funds.

Digi International Company Profile

Digi International Inc provides Internet of Things connectivity products, services, and solutions in North America, Europe, the Middle East, Africa, Asia, and Latin America. The company operates in two segments, IoT Products & Services and IoT Solutions. It offers cellular routers that provide connectivity for devices over a cellular data network; cellular gateway products that enable devices or groups of devices to be networked in locations where there is no existing network or where access to a network is prohibited; radio frequency products that utilize a range of wireless protocols for PC-to-device or device-to-device connectivity; and Connect, Rabbit, and ARM-based embedded systems on module and single board computers for medical, transportation, and industrial device manufacturers.

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Insider Buying and Selling by Quarter for Digi International (NASDAQ:DGII)

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