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.

Digi International (NASDAQ:DGII) last posted its quarterly earnings data on Thursday, November 15th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.07. Digi International had a net margin of 0.57% and a return on equity of 1.32%. The company had revenue of $65.66 million for the quarter, compared to the consensus estimate of $61.90 million. During the same period last year, the company earned $0.16 earnings per share. Equities analysts anticipate that Digi International Inc. will post 0.29 earnings per share for the current fiscal year.

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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