Jeffrey Tarr (Insider Trades), President and CEO of DigitalGlobe Inc. (DGI), bought 2,000 shares of the company on August 8. The average price per share was $22.89, for a total transaction price of $45,780. DigitalGlobe Inc. provides commercial high-resolution earth observation and advanced geospatial solutions. The company’s market cap is $1.67 billion, and P/S ratio is 2.49.
Tarr bought 6,000 shares of DGI in 3 transactions since March 2013. His earliest purchase decreased by about 20% since then. Walter Scott (Insider Trades), DigitalGlobe Executive Vice President, USG Business, and CTO, sold 492 shares of the company for an average price of $31.22 in May 2015. There were no insider buys of the company in 2012 or 2013, but 8 in 2014, and 1 in the first half of 2015. The number and volume of DGI insider sells decreased since 2013. There were 20 insider sells of the company totaling 5,226,343 shares in 2013, and 3 insider sells totaling 1,860 shares in the first half of 2015. 
For more information about insider transactions with DGI, click here.
DigitalGlobe reported a net income of $6.7 million, or $0.09 per share in the second quarter of 2015. Net income for the company increased from $3.9 million, or $0.05 per share in the second quarter of the previous year. Revenue also increased 12.8% from $157.8 million, to $178.0 million in the same period of time. DGI’s revenue increased 22.22% since 2010. 
Tarr stated that DigitalGlobe is “pleased with [the company’s] second quarter results, with revenue growth in line with expectations.” Tarr also commented that growth in the second half of 2015 may be moderate relative to the company’s original expectations, but the company still expects revenue to “grow at a double-digit rate driven by new capacity, new products, and new customers.” DigitalGlobe repurchased 1,075,037 shares of common stock for $32.7 million at an average price of $30.44 per share during the second quarter of 2015. The company also announced the Vricon joint venture, which combines Saab’s unique 3D technology with DigitalGlobe’s high-resolution imagery to produce accurate photo-realistic 3D products and elevation data of the earth. Both companies own equal parts of this project. Tarr stated that, “this collaboration will drive growth and shareowner value creation.”
There was one guru transaction during the second half of 2015. Mario Gabelli (Trades, Portfolio) (Trades, Portfolio) of GAMCO Investors, bought 3,000 shares of the company for an average price of $31.56 per share. This transaction increased his holding in the company by 4.05%. For more information about insider trades with DigitalGlobe Inc., click here.
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