Insider Selling: Digi International Inc. (DGII) Director Sells 13,300 Shares of Stock

Digi International Inc. (NASDAQ:DGII) Director Ahmed Nawaz sold 13,300 shares of the stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $11.40, for a total value of $151,620.00. Following the completion of the sale, the director now directly owns 148,944 shares of the company’s stock, valued at approximately $1,697,961.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Ahmed Nawaz also recently made the following trade(s):

  • On Friday, November 30th, Ahmed Nawaz sold 2,380 shares of Digi International stock. The shares were sold at an average price of $11.91, for a total value of $28,345.80.
  • On Wednesday, November 28th, Ahmed Nawaz sold 7,213 shares of Digi International stock. The shares were sold at an average price of $11.74, for a total value of $84,680.62.

Shares of Digi International stock opened at $11.23 on Friday. Digi International Inc. has a 1 year low of $9.29 and a 1 year high of $14.70. The firm has a market cap of $304.35 million, a price-to-earnings ratio of 224.60, a price-to-earnings-growth ratio of 2.83 and a beta of 1.41.



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

A number of institutional investors have recently made changes to their positions in the business. MetLife Investment Advisors LLC lifted its holdings in Digi International by 58.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 19,843 shares of the technology company’s stock valued at $267,000 after purchasing an additional 7,343 shares during the last quarter. Loomis Sayles & Co. L P lifted its holdings in Digi International by 3.4% during the 3rd 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. Bank of New York Mellon Corp lifted its holdings in Digi International by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 349,957 shares of the technology company’s stock valued at $4,707,000 after purchasing an additional 9,956 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its holdings in Digi International by 9.3% during the 3rd 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. Finally, California Public Employees Retirement System lifted its holdings in Digi International by 8.9% during the 2nd quarter. California Public Employees Retirement System now owns 63,011 shares of the technology company’s stock valued at $832,000 after purchasing an additional 5,175 shares during the last quarter. 81.70% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on DGII shares. BidaskClub raised Digi International from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Canaccord Genuity increased their price objective on Digi International from $18.00 to $21.00 and gave the company a “buy” rating in a report on Monday, September 17th. Dougherty & Co reissued a “buy” rating and issued a $16.50 price objective (up previously from $14.00) on shares of Digi International in a report on Tuesday, September 25th. ValuEngine downgraded Digi International from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Lake Street Capital set a $16.00 price objective on Digi International and gave the company a “buy” rating in a report on Thursday, September 27th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Digi International presently has an average rating of “Buy” and an average price target of $16.90.

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Digi International Company Profile

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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Insider Buying and Selling by Quarter for Digi International (NASDAQ:DGII)

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