Digi International Inc. (NASDAQ:DGII) Director Satbir Khanuja Sells 7,000 Shares of Stock

Digi International Inc. (NASDAQ:DGII) Director Satbir Khanuja sold 7,000 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $31.76, for a total value of $222,320.00. Following the sale, the director now owns 83,255 shares of the company’s stock, valued at approximately $2,644,178.80. The trade was a 7.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Digi International Price Performance

Shares of NASDAQ DGII opened at $32.95 on Friday. Digi International Inc. has a fifty-two week low of $20.17 and a fifty-two week high of $34.08. The firm’s 50-day simple moving average is $29.65 and its 200 day simple moving average is $26.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.13 and a current ratio of 1.73. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 54.02, a PEG ratio of 1.10 and a beta of 1.06.

Digi International (NASDAQ:DGII) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.42 by $0.10. Digi International had a net margin of 5.31% and a return on equity of 11.24%. The firm had revenue of $105.05 million for the quarter, compared to analysts’ expectations of $104.16 million. During the same quarter last year, the firm earned $0.44 EPS. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, research analysts anticipate that Digi International Inc. will post 1.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Piper Sandler raised their target price on Digi International from $26.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Craig Hallum restated a “hold” rating and issued a $32.00 target price (up from $28.00) on shares of Digi International in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.75.

Hedge Funds Weigh In On Digi International

Several hedge funds have recently modified their holdings of the company. SG Americas Securities LLC raised its holdings in shares of Digi International by 92.5% in the 2nd quarter. SG Americas Securities LLC now owns 8,140 shares of the technology company’s stock worth $187,000 after purchasing an additional 3,911 shares during the period. Verity Asset Management Inc. bought a new stake in shares of Digi International in the 1st quarter worth approximately $269,000. Captrust Financial Advisors raised its holdings in shares of Digi International by 13.5% in the 3rd quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company’s stock worth $560,000 after purchasing an additional 2,418 shares during the period. Cornercap Investment Counsel Inc. bought a new stake in shares of Digi International in the 2nd quarter worth approximately $498,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Digi International by 51.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company’s stock worth $664,000 after purchasing an additional 8,235 shares during the period. Institutional investors own 95.90% of the company’s stock.

About Digi International

Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States, Europe, the Middle East, Africa, and internationally. The company operates in two segments, IoT Products & Services, and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand.