Daktronics, Inc. (NASDAQ:DAKT) VP Sells $113,557.50 in Stock

Daktronics, Inc. (NASDAQ:DAKT) VP Matthew John Kurtenbach sold 12,250 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $9.27, for a total transaction of $113,557.50. Following the completion of the transaction, the vice president now owns 208,906 shares in the company, valued at approximately $1,936,558.62. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Daktronics Price Performance

Shares of NASDAQ:DAKT opened at $8.92 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.89 and a debt-to-equity ratio of 0.28. Daktronics, Inc. has a fifty-two week low of $1.46 and a fifty-two week high of $10.27. The firm has a 50-day simple moving average of $7.82 and a 200 day simple moving average of $6.42. The company has a market cap of $407.79 million, a PE ratio of 13.12 and a beta of 1.18.

Daktronics (NASDAQ:DAKT) last announced its quarterly earnings data on Wednesday, July 12th. The technology company reported $0.47 earnings per share for the quarter. Daktronics had a net margin of 3.84% and a return on equity of 23.00%. The business had revenue of $209.86 million during the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE grew its position in Daktronics by 3,779.5% in the 1st quarter. Bank of America Corp DE now owns 4,733 shares of the technology company’s stock worth $27,000 after purchasing an additional 4,611 shares during the last quarter. Royal Bank of Canada grew its position in Daktronics by 1,083.4% in the 2nd quarter. Royal Bank of Canada now owns 4,982 shares of the technology company’s stock worth $32,000 after purchasing an additional 4,561 shares during the last quarter. Advisor Group Holdings Inc. grew its position in Daktronics by 300.3% in the 4th quarter. Advisor Group Holdings Inc. now owns 8,731 shares of the technology company’s stock worth $25,000 after purchasing an additional 6,550 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in Daktronics in the 1st quarter worth about $59,000. Finally, State Board of Administration of Florida Retirement System bought a new position in Daktronics in the 2nd quarter worth about $71,000. Institutional investors own 51.96% of the company’s stock.

Wall Street Analysts Forecast Growth

DAKT has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Daktronics from a “c” rating to a “b-” rating in a research note on Wednesday, July 12th. StockNews.com initiated coverage on shares of Daktronics in a research note on Thursday, August 17th. They issued a “strong-buy” rating on the stock.

About Daktronics

Daktronics, Inc designs, manufactures, and markets electronic display systems and related products 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.