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 stock was sold at an average price of $69.44, for a total value of $6,944,000.00. Following the sale, the chief financial officer owned 167,589 shares of the company’s stock, valued at approximately $11,637,380.16. This trade represents a 37.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Digi International Stock Performance

DGII opened at $65.95 on Friday. The company has a market cap of $2.49 billion, a PE ratio of 58.36 and a beta of 0.98. The stock has a 50-day moving average of $58.71 and a 200-day moving average of $50.06. Digi International Inc. has a 52-week low of $30.69 and a 52-week 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.

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

Wall Street Analysts Forecast Growth

DGII has been the subject of several recent research reports. Zacks Research raised Digi International from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Craig Hallum upped their price target on Digi International from $50.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Roth Mkm reaffirmed a “buy” rating and issued a $70.00 price target on shares of Digi International in a report on Thursday, May 7th. Piper Sandler upped their price target on Digi International from $46.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Stephens upped their price target on Digi International from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.20.

Institutional Investors Weigh In On Digi International

A number of large investors have recently bought and sold shares of the business. Bessemer Group Inc. boosted its position in Digi International by 2,215.1% in the 3rd quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company’s stock valued at $45,000 after buying an additional 1,174 shares during the last quarter. Lazard Asset Management LLC boosted 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 valued at $58,000 after buying an additional 339 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Digi International by 1,530.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the technology company’s stock valued at $123,000 after buying an additional 3,169 shares during the last quarter. LSV Asset Management bought a new position in Digi International in the 3rd quarter valued at $153,000. Finally, FourThought Financial Partners LLC bought a new position in Digi International in the 4th quarter valued at $204,000. 95.90% of the stock is currently owned by institutional investors.

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.