Digi International (NASDAQ:DGII) VP Terrence Schneider Sells 14,182 Shares of Stock

Digi International Inc. (NASDAQ:DGII) VP Terrence Schneider sold 14,182 shares of Digi International stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $65.61, for a total value of $930,481.02. Following the sale, the vice president directly owned 26,759 shares of the company’s stock, valued at approximately $1,755,657.99. This represents a 34.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Digi International Stock Performance

Shares of DGII stock opened at $65.33 on Thursday. The stock has a market cap of $2.46 billion, a PE ratio of 57.81 and a beta of 0.94. The business has a 50-day simple moving average of $53.21 and a 200-day simple moving average of $46.68. The company has a quick ratio of 0.77, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. Digi International Inc. has a 52-week low of $30.69 and a 52-week high of $69.81.

Digi International (NASDAQ:DGII) last released 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. The company had revenue of $130.74 million during the quarter, compared to analysts’ expectations of $125.03 million. Digi International had a return on equity of 11.28% and a net margin of 9.10%.Digi International’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. On average, equities analysts expect that Digi International Inc. will post 1.87 EPS for the current year.

Institutional Trading of Digi International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Leuthold Group LLC grew its stake in Digi International by 0.5% in the 4th quarter. Leuthold Group LLC now owns 56,738 shares of the technology company’s stock worth $2,456,000 after acquiring an additional 264 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Digi International by 8.1% during the 4th quarter. Russell Investments Group Ltd. now owns 3,649 shares of the technology company’s stock valued at $158,000 after buying an additional 273 shares during the period. Brooklyn Investment Group grew its stake in shares of Digi International by 5.9% during the 4th quarter. Brooklyn Investment Group now owns 5,983 shares of the technology company’s stock valued at $265,000 after buying an additional 331 shares during the period. Lazard Asset Management LLC grew its stake in shares of Digi International by 25.1% during 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 period. Finally, Amalgamated Bank grew its stake in shares of Digi International by 3.6% during the 3rd quarter. Amalgamated Bank now owns 10,894 shares of the technology company’s stock valued at $397,000 after buying an additional 380 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Stephens raised their price target on Digi International from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday. Weiss Ratings lowered Digi International from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Zacks Research raised Digi International from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Wall Street Zen raised Digi International from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Finally, Roth Mkm restated a “buy” rating and issued a $70.00 price objective on shares of Digi International in a research report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.20.

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.