David Sampsell Sells 22,222 Shares of Digi International (NASDAQ:DGII) Stock

Digi International Inc. (NASDAQ:DGII) VP David Sampsell sold 22,222 shares of the company’s stock in a transaction on 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 transaction, the vice president owned 31,749 shares of the company’s stock, valued at approximately $1,218,526.62. The trade was a 41.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Digi International Stock Up 3.3%

NASDAQ:DGII traded up $1.28 during midday 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 fifty-two week low of $22.39 and a fifty-two week high of $44.79. The company has a market capitalization of $1.48 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 1.23 and a beta of 0.93. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.06. The company has a fifty day simple moving average of $37.02 and a 200 day simple moving average of $34.69.

Digi International (NASDAQ:DGII) last issued its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.05. Digi International had a return on equity of 10.96% and a net margin of 10.14%.The company had revenue of $114.34 million for the quarter, compared to analyst estimates of $110.75 million. During the same quarter last year, the company posted $0.52 earnings per share. The business’s quarterly revenue 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. As a group, equities analysts anticipate that Digi International Inc. will post 1.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Digi International

Several large investors have recently modified their holdings of DGII. Verity Asset Management Inc. purchased a new position in Digi International in the 3rd quarter valued at $464,000. Millennium Management LLC purchased a new position in Digi International during the 3rd quarter worth $292,000. California State Teachers Retirement System lifted its stake in shares of Digi International by 9.9% in the 3rd quarter. California State Teachers Retirement System now owns 37,001 shares of the technology company’s stock worth $1,349,000 after acquiring an additional 3,343 shares during the period. Brooklyn Investment Group lifted its stake in shares of Digi International by 3,880.3% in the 3rd quarter. Brooklyn Investment Group now owns 5,652 shares of the technology company’s stock worth $206,000 after acquiring an additional 5,510 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Digi International by 48.7% in the third quarter. BNP Paribas Financial Markets now owns 14,018 shares of the technology company’s stock valued at $511,000 after acquiring an additional 4,594 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on DGII shares. B. Riley lifted their price target on Digi International from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Weiss Ratings restated a “hold (c)” rating on shares of Digi International in a research report on Wednesday, October 8th. Stephens reiterated an “overweight” rating and issued a $50.00 price target on shares of Digi International in a research report on Tuesday, August 19th. Piper Sandler increased their price target on shares of Digi International from $36.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. Finally, Craig Hallum raised shares of Digi International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $45.00 in a research report on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average 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.