A Director at Digi International Inc is Exercising Options

By Carrie Williams

Today it was reported that a Director at Digi International Inc (DGIIResearch Report), Ahmed Nawaz, exercised options to sell 7,213 DGII shares at $7.88 a share, for a total transaction value of $84.68K. The options were close to expired and Ahmed Nawaz disposed stocks.

This is Nawaz’s first Sell trade following 3 Buy transactions.

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Based on Digi International Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $65.66 million and quarterly net profit of $3.61 million. In comparison, last year the company earned revenue of $45.11 million and had a net profit of $4.34 million. DGII’s market cap is $321.5M and the company has a P/E ratio of 307.09. Currently, Digi International Inc has an average volume of 67.14K.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $17.83, reflecting a 52.4% upside.

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Digi International, Inc. engages in the provision of business & mission-critical and Internet of Things (IoT) connectivity products and services. It operates through the following segments: IoT Products & Services, IoT Solutions.