Insider Selling: DigitalGlobe, Inc (DGI) EVP Sells 16,200 Shares of Stock
DigitalGlobe, Inc (NYSE:DGI) EVP Walter S. Scott sold 16,200 shares of DigitalGlobe stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $31.62, for a total transaction of $512,244.00. Following the completion of the transaction, the executive vice president now owns 109,037 shares of the company’s stock, valued at approximately $3,447,749.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of DigitalGlobe, Inc (DGI) traded down 0.31% during mid-day trading on Wednesday, hitting $31.95. 297,043 shares of the company were exchanged. The company’s 50-day moving average price is $31.68 and its 200-day moving average price is $31.14. The firm has a market capitalization of $1.98 billion, a P/E ratio of 180.51 and a beta of 0.96. DigitalGlobe, Inc has a 12-month low of $19.44 and a 12-month high of $35.95.
DigitalGlobe (NYSE:DGI) last issued its quarterly earnings data on Tuesday, May 2nd. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.02. The business had revenue of $209.70 million for the quarter, compared to analyst estimates of $199.07 million. DigitalGlobe had a net margin of 2.00% and a return on equity of 3.24%. Equities research analysts predict that DigitalGlobe, Inc will post ($0.02) earnings per share for the current fiscal year.
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A number of research firms have recently issued reports on DGI. BidaskClub upgraded shares of DigitalGlobe from a “sell” rating to a “hold” rating in a research note on Wednesday. Chardan Capital reiterated a “neutral” rating and issued a $35.00 target price on shares of DigitalGlobe in a research note on Tuesday, February 21st. Jefferies Group LLC cut their target price on shares of DigitalGlobe from $44.00 to $38.50 and set a “buy” rating for the company in a research note on Wednesday, March 1st. Finally, Dougherty & Co cut shares of DigitalGlobe from a “buy” rating to a “neutral” rating in a research note on Monday, February 27th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $31.79.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. acquired a new position in shares of DigitalGlobe during the first quarter worth about $179,000. Karp Capital Management Corp acquired a new position in shares of DigitalGlobe during the first quarter worth about $293,000. O Shaughnessy Asset Management LLC boosted its position in shares of DigitalGlobe by 22.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 10,372 shares of the technology company’s stock worth $297,000 after buying an additional 1,876 shares in the last quarter. Bayesian Capital Management LP boosted its position in shares of DigitalGlobe by 14.7% in the fourth quarter. Bayesian Capital Management LP now owns 10,939 shares of the technology company’s stock worth $313,000 after buying an additional 1,400 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its position in shares of DigitalGlobe by 20.1% in the first quarter. Eqis Capital Management Inc. now owns 9,834 shares of the technology company’s stock worth $322,000 after buying an additional 1,647 shares in the last quarter. Hedge funds and other institutional investors own 98.97% of the company’s stock.
DigitalGlobe Company Profile
DigitalGlobe, Inc is a provider of Earth imagery, data and analysis. The Company’s imagery solutions and other services support a range of uses, including mission-planning, mapping and analysis, environmental monitoring, oil and gas exploration and infrastructure management. The Company’s imagery solutions and other services are sourced from its own satellite constellation and third-party providers.
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