Digi International (NASDAQ:DGII) VP James Freeland Sells 450 Shares

Digi International Inc. (NASDAQ:DGII) VP James Freeland sold 450 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $68.00, for a total value of $30,600.00. Following the sale, the vice president owned 19,219 shares of the company’s stock, valued at approximately $1,306,892. The trade was a 2.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Digi International Stock Performance

Shares of Digi International stock opened at $68.22 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 business has a 50-day moving average price of $56.48 and a two-hundred day moving average price of $48.83. Digi International Inc. has a 1-year low of $30.69 and a 1-year high of $69.81. The company has a market cap of $2.57 billion, a P/E ratio of 60.37 and a beta of 0.94.

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. Digi International had a return on equity of 11.28% and a net margin of 9.10%.The firm had revenue of $130.74 million during the quarter, compared to the consensus estimate of $125.03 million. During the same period last year, the business posted $0.51 EPS. The business’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, analysts anticipate that Digi International Inc. will post 2.11 EPS for the current year.

Wall Street Analysts Forecast Growth

DGII has been the subject of a number of recent analyst reports. Zacks Research upgraded Digi International from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Wall Street Zen upgraded Digi International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Weiss Ratings downgraded Digi International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Craig Hallum raised their target price on Digi International from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Piper Sandler raised their target price on Digi International from $46.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Digi International currently has an average rating of “Moderate Buy” and a consensus target price of $66.20.

Institutional Trading of Digi International

Several large investors have recently made changes to their positions in DGII. Hillsdale Investment Management Inc. grew its stake in shares of Digi International by 47.2% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 181,255 shares of the technology company’s stock valued at $6,609,000 after buying an additional 58,100 shares during the period. GW&K Investment Management LLC acquired a new position in Digi International during the 4th quarter valued at about $2,410,000. Ameriprise Financial Inc. boosted its stake in Digi International by 7.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company’s stock valued at $22,736,000 after purchasing an additional 46,659 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Digi International during the 4th quarter valued at about $2,000,000. Finally, SG Americas Securities LLC boosted its stake in Digi International by 84.4% during the 1st quarter. SG Americas Securities LLC now owns 47,149 shares of the technology company’s stock valued at $2,273,000 after purchasing an additional 21,584 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

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.