Digi International (NASDAQ:DGII) Director Satbir Khanuja Sells 6,000 Shares

Digi International Inc. (NASDAQ:DGII) Director Satbir Khanuja sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $46.00, for a total transaction of $276,000.00. Following the transaction, the director directly owned 85,298 shares of the company’s stock, valued at $3,923,708. The trade was a 6.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Digi International Price Performance

NASDAQ DGII traded up $0.36 on Wednesday, reaching $46.41. The company’s stock had a trading volume of 250,133 shares, compared to its average volume of 305,587. Digi International Inc. has a 52 week low of $22.39 and a 52 week high of $48.00. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.75 billion, a PE ratio of 41.44 and a beta of 0.85. The business has a 50-day moving average price of $44.09 and a 200 day moving average price of $39.00.

Digi International (NASDAQ:DGII) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Digi International had a return on equity of 10.93% and a net margin of 9.45%.The company had revenue of $122.46 million for the quarter, compared to the consensus estimate of $115.90 million. During the same period in the previous year, the business earned $0.45 earnings per share. The company’s quarterly revenue was up 17.9% on a year-over-year basis. Digi International has set its Q2 2026 guidance at 0.560-0.590 EPS. Sell-side analysts expect that Digi International Inc. will post 1.68 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DGII shares. Piper Sandler upped their target price on shares of Digi International from $41.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Wall Street Zen raised shares of Digi International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. B. Riley Financial raised their price objective on shares of Digi International from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Zacks Research cut shares of Digi International from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Stephens increased their price target on Digi International from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, January 2nd. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $49.80.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DGII. Geneva Capital Management LLC boosted its position in Digi International by 5.9% in the 2nd quarter. Geneva Capital Management LLC now owns 1,730,417 shares of the technology company’s stock valued at $60,322,000 after buying an additional 95,756 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Digi International by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company’s stock worth $22,736,000 after acquiring an additional 46,659 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of Digi International by 6.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 193,155 shares of the technology company’s stock valued at $8,362,000 after acquiring an additional 11,900 shares during the period. Rhumbline Advisers boosted its holdings in Digi International by 3.6% in the second quarter. Rhumbline Advisers now owns 107,050 shares of the technology company’s stock valued at $3,732,000 after acquiring an additional 3,722 shares during the last quarter. Finally, Herald Investment Management Ltd boosted its holdings in Digi International by 25.0% in the third quarter. Herald Investment Management Ltd now owns 100,000 shares of the technology company’s stock valued at $3,646,000 after acquiring an additional 20,000 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

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.