Allspring Global Investments Holdings LLC Sells 993 Shares of Daktronics, Inc. (NASDAQ:DAKT)

Allspring Global Investments Holdings LLC lessened its stake in shares of Daktronics, Inc. (NASDAQ:DAKT) by 6.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,064 shares of the technology company’s stock after selling 993 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Daktronics were worth $181,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DAKT. Janney Montgomery Scott LLC purchased a new stake in shares of Daktronics during the first quarter valued at $135,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Daktronics by 132.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 74,239 shares of the technology company’s stock worth $904,000 after purchasing an additional 42,349 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in Daktronics by 1.6% during the 1st quarter. SummerHaven Investment Management LLC now owns 56,355 shares of the technology company’s stock valued at $686,000 after acquiring an additional 876 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Daktronics during the 1st quarter valued at about $121,000. Finally, Summit Global Investments purchased a new stake in Daktronics during the 1st quarter valued at about $208,000. Institutional investors own 61.69% of the company’s stock.

Insider Transactions at Daktronics

In other Daktronics news, major shareholder Fox Opportunities Fund L. Alta sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $14.90, for a total transaction of $14,900,000.00. Following the completion of the sale, the insider directly owned 4,973,599 shares in the company, valued at $74,106,625.10. The trade was a 16.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.50% of the company’s stock.

Daktronics Stock Performance

NASDAQ:DAKT opened at $16.12 on Friday. The stock has a market capitalization of $791.65 million, a P/E ratio of -36.64, a PEG ratio of 0.54 and a beta of 1.60. Daktronics, Inc. has a fifty-two week low of $10.24 and a fifty-two week high of $19.89. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.60 and a current ratio of 2.22. The company has a 50 day moving average price of $14.89 and a 200 day moving average price of $14.64.

Daktronics (NASDAQ:DAKT) last issued its quarterly earnings data on Wednesday, June 25th. The technology company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. Daktronics had a negative net margin of 1.34% and a positive return on equity of 15.29%. The company had revenue of $172.55 million for the quarter, compared to the consensus estimate of $189.10 million. During the same period last year, the firm posted $0.27 EPS. Equities research analysts forecast that Daktronics, Inc. will post 0.96 EPS for the current year.

Daktronics Profile

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.