Key Points
- VP David Sampsell sold 6,376 shares of Digi International on May 13 at an average price of $65.11, for proceeds of about $415,141. After the sale, he still owned 18,364 shares, reducing his stake by 25.77%.
- Digi International recently beat quarterly earnings and revenue expectations, reporting EPS of $0.62 versus $0.58 expected and revenue of $130.74 million versus $125.03 million estimated. Revenue rose 25.1% from a year earlier.
- Analyst sentiment remains constructive, with several firms raising price targets and the stock carrying a Moderate Buy consensus target of $66.20. The shares were trading near $64.22, close to their 52-week high of $69.81.
Digi International Inc. (NASDAQ:DGII - Get Free Report) VP David Sampsell sold 6,376 shares of the business's stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $65.11, for a total transaction of $415,141.36. Following the completion of the sale, the vice president owned 18,364 shares in the company, valued at $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 accessible through the SEC website.
Digi International Stock Performance
NASDAQ:DGII opened at $64.22 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.77 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $53.49 and a two-hundred day moving average price of $46.86. Digi International Inc. has a twelve month low of $30.69 and a twelve month high of $69.81. The company has a market capitalization of $2.42 billion, a P/E ratio of 56.83 and a beta of 0.94.
Digi International (NASDAQ:DGII - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.04. The company had revenue of $130.74 million for the quarter, compared to the consensus estimate of $125.03 million. Digi International had a net margin of 9.10% and a return on equity of 11.28%. The company's revenue for the quarter was up 25.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 earnings per share. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. As a group, research analysts expect that Digi International Inc. will post 1.87 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. lifted its stake in shares of Digi International by 2,215.1% during the 3rd quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company's stock worth $45,000 after purchasing an additional 1,174 shares during the period. Lazard Asset Management LLC grew its position in shares of Digi International by 25.1% in the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company's stock valued at $58,000 after purchasing an additional 339 shares during the period. Russell Investments Group Ltd. increased its stake in Digi International by 1,530.9% in the third quarter. Russell Investments Group Ltd. now owns 3,376 shares of the technology company's stock valued at $123,000 after purchasing an additional 3,169 shares during the last quarter. LSV Asset Management purchased a new position in Digi International during the third quarter worth about $153,000. Finally, FourThought Financial Partners LLC purchased a new position in Digi International during the fourth quarter worth about $204,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Zacks Research upgraded Digi International from a "strong sell" rating to a "hold" rating in a report on Monday, April 6th. Craig Hallum upped their price objective on Digi International from $50.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, May 7th. Stephens increased their price objective on Digi International from $65.00 to $75.00 and gave the company an "overweight" rating in a research note on Tuesday. 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. Finally, Weiss Ratings downgraded shares of Digi International from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $66.20.
Read Our Latest Research Report on Digi International
About Digi International
(
Get Free Report)
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.
Further Reading
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