James Loch Sells 100,000 Shares of Digi International (NASDAQ:DGII) Stock

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

Digi International Price Performance

DGII traded up $1.29 during trading on Thursday, reaching $69.25. 238,995 shares of the company traded hands, compared to its average volume of 312,925. The firm has a fifty day simple moving average of $58.01 and a 200 day simple moving average of $49.73. Digi International Inc. has a 12-month low of $30.69 and a 12-month high of $70.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.77 and a current ratio of 1.11. The company has a market cap of $2.61 billion, a P/E ratio of 61.28 and a beta of 0.98.

Digi International (NASDAQ:DGII) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $130.74 million for the quarter, compared to analyst estimates of $125.03 million. Digi International had a return on equity of 11.28% and a net margin of 9.10%.The company’s revenue was up 25.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. On average, equities analysts forecast that Digi International Inc. will post 2.11 EPS for the current year.

Hedge Funds Weigh In On Digi International

A number of hedge funds have recently modified their holdings of the business. Leuthold Group LLC increased its position in shares of Digi International by 0.5% during the fourth 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. 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 purchasing an additional 273 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of Digi International by 5.9% during the fourth quarter. Brooklyn Investment Group now owns 5,983 shares of the technology company’s stock worth $265,000 after purchasing an additional 331 shares during the period. Lazard Asset Management LLC raised its stake in Digi International by 25.1% in the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock worth $58,000 after buying an additional 339 shares in the last quarter. Finally, Verity Asset Management Inc. lifted its position in Digi International by 7.5% during the 4th quarter. Verity Asset Management Inc. now owns 13,690 shares of the technology company’s stock valued at $593,000 after acquiring an additional 951 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on DGII. Craig Hallum boosted their price target on Digi International from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Roth Mkm reiterated a “buy” rating and set a $70.00 price target on shares of Digi International in a research report on Thursday, May 7th. Zacks Research raised Digi International from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Stephens raised 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. Finally, Weiss Ratings lowered Digi International from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.20.

Digi International Company Profile

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.