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 sale, the vice president directly owned 18,364 shares of the company’s stock, valued at approximately $1,195,680.04. This represents a 25.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Digi International Stock Performance

DGII opened at $62.00 on Friday. The firm has a market cap of $2.34 billion, a PE ratio of 54.87 and a beta of 0.94. The company has a quick ratio of 0.77, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $53.72 and a 200-day simple moving average of $46.97. Digi International Inc. has a fifty-two week low of $30.69 and a fifty-two week high of $69.81.

Digi International (NASDAQ:DGII) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.62 earnings per share 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 business had revenue of $130.74 million during the quarter, compared to analyst estimates of $125.03 million. During the same period last year, the company posted $0.51 EPS. The company’s revenue was up 25.1% compared to the same quarter last year. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. As a group, equities analysts predict that Digi International Inc. will post 1.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Digi International

Several institutional investors and hedge funds have recently modified their holdings of the stock. Leuthold Group LLC grew its holdings 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 valued at $2,456,000 after acquiring an additional 264 shares in the last quarter. Russell Investments Group Ltd. grew its holdings 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 valued at $158,000 after acquiring an additional 273 shares in the last quarter. Brooklyn Investment Group grew its holdings 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 valued at $265,000 after acquiring an additional 331 shares in the last quarter. Lazard Asset Management LLC grew its holdings 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 valued at $58,000 after acquiring an additional 339 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in shares of Digi International by 3.6% during the 3rd quarter. Amalgamated Bank now owns 10,894 shares of the technology company’s stock valued at $397,000 after acquiring an additional 380 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DGII has been the topic of several research analyst reports. Stephens lifted their price objective on shares of Digi International from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wall Street Zen upgraded shares of Digi International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Zacks Research upgraded shares of Digi International from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Piper Sandler lifted their price objective on shares of Digi International from $46.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Roth Mkm reiterated a “buy” rating and set a $70.00 price objective on shares of Digi International in a research report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Digi International presently 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.