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 company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $18.75, for a total transaction of $150,900.00. Following the sale, the chief executive officer now owns 469,727 shares of the company’s stock, valued at $8,807,381.25. This represents a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Daktronics Stock Up 1.6 %

Shares of DAKT stock traded up $0.27 during trading hours on Friday, reaching $17.35. 103,115 shares of the company’s stock were exchanged, compared to its average volume of 507,025. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.40. Daktronics, Inc. has a 1 year low of $7.20 and a 1 year high of $19.89. The stock has a market cap of $815.28 million, a PE ratio of 68.32, a PEG ratio of 0.72 and a beta of 1.19. The stock’s fifty day moving average price is $14.72 and its two-hundred day moving average price is $13.71.

Hedge Funds Weigh In On Daktronics

A number of hedge funds have recently bought and sold shares of DAKT. Price T Rowe Associates Inc. MD purchased a new position in Daktronics in the first quarter worth approximately $109,000. CWM LLC increased its position in shares of Daktronics by 31.4% during the second quarter. CWM LLC now owns 3,646 shares of the technology company’s stock worth $51,000 after purchasing an additional 872 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Daktronics by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 283,626 shares of the technology company’s stock valued at $3,957,000 after acquiring an additional 7,243 shares during the period. Principal Financial Group Inc. increased its stake in Daktronics by 20.0% in the 2nd quarter. Principal Financial Group Inc. now owns 82,783 shares of the technology company’s stock valued at $1,155,000 after buying an additional 13,774 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of Daktronics by 10.9% in the 2nd quarter. Rhumbline Advisers now owns 57,749 shares of the technology company’s stock valued at $806,000 after purchasing an additional 5,689 shares in the last quarter. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Analyst Ratings Changes

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

Daktronics Company 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.