Ahmed Nawaz Sells 13,300 Shares of Digi International Inc. (DGII) Stock
Digi International Inc. (NASDAQ:DGII) Director Ahmed Nawaz sold 13,300 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $11.40, for a total transaction of $151,620.00. Following the sale, the director now owns 148,944 shares in the company, valued at $1,697,961.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Ahmed Nawaz also recently made the following trade(s):
- On Friday, November 30th, Ahmed Nawaz sold 2,380 shares of Digi International stock. The stock was sold at an average price of $11.91, for a total transaction of $28,345.80.
- On Wednesday, November 28th, Ahmed Nawaz sold 7,213 shares of Digi International stock. The stock was sold at an average price of $11.74, for a total transaction of $84,680.62.
Shares of DGII stock opened at $11.08 on Thursday. The company has a market cap of $304.35 million, a price-to-earnings ratio of 221.60, a P/E/G ratio of 2.83 and a beta of 1.41. Digi International Inc. has a 52 week low of $9.29 and a 52 week high of $14.70.
DGII has been the topic of several research analyst reports. Canaccord Genuity restated a “buy” rating and set a $21.00 target price on shares of Digi International in a report on Friday, November 16th. Lake Street Capital set a $16.00 target price on shares of Digi International and gave the stock a “buy” rating in a report on Thursday, September 27th. Dougherty & Co restated a “buy” rating and set a $16.50 target price (up from $14.00) on shares of Digi International in a report on Tuesday, September 25th. ValuEngine downgraded shares of Digi International from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, BidaskClub upgraded shares of Digi International from a “sell” rating to a “hold” rating in a report on Friday, September 21st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $16.90.
Several hedge funds and other institutional investors have recently bought and sold shares of DGII. EAM Investors LLC acquired a new stake in shares of Digi International in the second quarter valued at approximately $1,674,000. Gilder Gagnon Howe & Co. LLC raised its holdings in shares of Digi International by 9.3% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,110,907 shares of the technology company’s stock valued at $14,942,000 after purchasing an additional 94,943 shares during the last quarter. EAM Global Investors LLC acquired a new stake in shares of Digi International in the second quarter valued at approximately $1,219,000. Loomis Sayles & Co. L P raised its holdings in shares of Digi International by 3.4% in the third quarter. Loomis Sayles & Co. L P now owns 558,549 shares of the technology company’s stock valued at $7,512,000 after purchasing an additional 18,168 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Digi International by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 349,957 shares of the technology company’s stock worth $4,707,000 after buying an additional 9,956 shares during the last quarter. Institutional investors own 81.70% of the company’s stock.
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About Digi International
Digi International Inc provides Internet of Things networking hardware products and solutions. It operates in two segments, Machine-to-Machine and Solutions. It offers cellular routers that provide connectivity for devices over a cellular data network; cellular gateway products that enable devices or groups of devices to be networked in locations where there is no existing network or where access to a network is prohibited; radio frequency products that utilize a range of wireless protocols for PC-to-device or device-to-device connectivity; and Connect, Rabbit, and ARM-based embedded systems on module and single board computers for medical, transportation, and industrial device manufacturers.
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