The VP, Manufacturing Operations of Digi International Inc is Exercising Options


Today it was reported that the VP, Manufacturing Operations of Digi International Inc (NASDAQ: DGII), Jon Nyland, exercised options to sell 10,000 DGII shares at $8.49 a share, for a total transaction value of $134.2K.

Following Jon Nyland’s last DGII Sell transaction on November 07, 2013, the stock climbed by 2.9%.

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Based on Digi International Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $62.72 million and quarterly net profit of $2.62 million. In comparison, last year the company earned revenue of $45.84 million and had a net profit of $1.34 million. DGII’s market cap is $358.4M and the company has a P/E ratio of 188.57. Currently, Digi International Inc has an average volume of 58.25K.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $16.67, reflecting a -19.3% downside.

The insider sentiment on Digi International Inc has been negative according to 37 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Digi International, Inc. engages in the provision of business and mission-critical and Internet of Things (IoT) connectivity products and services. It operates through M2M and Solutions segments. The M2M segment consists primarily of distinct communications products and communication product development services.

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