Daktronics, Inc. (NASDAQ:DAKT) CEO Reece A. Kurtenbach Sells 8,048 Shares

Daktronics, Inc. (NASDAQ:DAKT) CEO Reece A. Kurtenbach sold 8,048 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $18.75, for a total value of $150,900.00. Following the transaction, the chief executive officer now directly owns 469,727 shares in the company, valued at approximately $8,807,381.25. This represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Daktronics Stock Up 3.2 %

DAKT stock opened at $17.62 on Friday. Daktronics, Inc. has a twelve month low of $7.20 and a twelve month high of $19.89. The firm has a market cap of $827.89 million, a PE ratio of 70.48, a price-to-earnings-growth ratio of 0.72 and a beta of 1.19. The business has a 50 day moving average of $14.81 and a 200 day moving average of $13.76. The company has a quick ratio of 1.67, a current ratio of 2.35 and a debt-to-equity ratio of 0.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP increased its position in Daktronics by 75.6% in the third quarter. Quarry LP now owns 2,297 shares of the technology company’s stock worth $30,000 after buying an additional 989 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Daktronics by 92.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,309 shares of the technology company’s stock valued at $32,000 after acquiring an additional 1,108 shares during the last quarter. CWM LLC lifted its holdings in shares of Daktronics by 31.4% in the 2nd quarter. CWM LLC now owns 3,646 shares of the technology company’s stock valued at $51,000 after acquiring an additional 872 shares during the last quarter. Virtus Fund Advisers LLC bought a new stake in shares of Daktronics in the 3rd quarter valued at approximately $75,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in Daktronics during the first quarter worth $109,000. 61.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DAKT shares. StockNews.com raised Daktronics from a “hold” rating to a “buy” rating in a research note on Monday, October 14th. Singular Research raised Daktronics to a “strong-buy” rating in a research report on Monday, September 9th.

About Daktronics

Daktronics, Inc designs, manufactures, and sells electronic scoreboards, programmable display systems and large screen video displays for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments.