Digi International (NASDAQ:DGII) VP David Sampsell Sells 5,000 Shares

Digi International Inc. (NASDAQ:DGII) VP David Sampsell sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $45.74, for a total transaction of $228,700.00. Following the sale, the vice president owned 24,740 shares of the company’s stock, valued at $1,131,607.60. This represents a 16.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Digi International Trading Up 0.8%

DGII traded up $0.36 during trading on Wednesday, hitting $46.41. 250,133 shares of the stock traded hands, compared to its average volume of 305,587. The firm has a 50-day moving average of $44.09 and a 200 day moving average of $39.00. Digi International Inc. has a 12-month low of $22.39 and a 12-month high of $48.00. The firm has a market capitalization of $1.75 billion, a P/E ratio of 41.44 and a beta of 0.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.24 and a quick ratio of 0.90.

Digi International (NASDAQ:DGII) last posted its earnings results on Wednesday, February 4th. The technology company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Digi International had a net margin of 9.45% and a return on equity of 10.93%. The company had revenue of $122.46 million during the quarter, compared to analyst estimates of $115.90 million. During the same period in the prior year, the business posted $0.45 earnings per share. Digi International’s revenue for the quarter was up 17.9% on a year-over-year basis. Digi International has set its Q2 2026 guidance at 0.560-0.590 EPS. Equities research analysts anticipate that Digi International Inc. will post 1.68 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DGII. Bessemer Group Inc. lifted its holdings in shares of Digi International by 2,215.1% during the third quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company’s stock valued at $45,000 after purchasing an additional 1,174 shares in the last quarter. Lazard Asset Management LLC raised its position in Digi International by 25.1% in the 2nd 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 during the last quarter. Russell Investments Group Ltd. lifted its stake in Digi International by 1,530.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the technology company’s stock valued at $123,000 after acquiring an additional 3,169 shares during the period. LSV Asset Management bought a new position in Digi International during the 3rd quarter valued at about $153,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Digi International during the 2nd quarter valued at about $196,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DGII. Wall Street Zen raised Digi International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Digi International in a report on Wednesday, December 24th. Roth Mkm increased their target price on Digi International from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Piper Sandler lifted their price target on Digi International from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Finally, Zacks Research cut shares of Digi International from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Digi International has a consensus rating of “Moderate Buy” and a consensus price target of $49.80.

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.