Insider Selling: Daktronics, Inc. (NASDAQ:DAKT) CEO Sells 15,000 Shares of Stock

Daktronics, Inc. (NASDAQ:DAKT) CEO Reece A. Kurtenbach sold 15,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $13.87, for a total value of $208,050.00. Following the completion of the transaction, the chief executive officer now owns 457,963 shares of the company’s stock, valued at approximately $6,351,946.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Daktronics Stock Up 2.3 %

DAKT traded up $0.30 during trading on Wednesday, reaching $13.45. The stock had a trading volume of 402,071 shares, compared to its average volume of 511,867. Daktronics, Inc. has a one year low of $5.99 and a one year high of $14.58. The company has a current ratio of 2.09, a quick ratio of 1.37 and a debt-to-equity ratio of 0.31. The stock’s 50 day moving average is $11.18 and its two-hundred day moving average is $9.51. The company has a market capitalization of $622.74 million, a price-to-earnings ratio of 22.05, a P/E/G ratio of 0.41 and a beta of 1.12.

Hedge Funds Weigh In On Daktronics

Several institutional investors and hedge funds have recently modified their holdings of DAKT. Invesco Ltd. increased its holdings in shares of Daktronics by 21.0% during the third quarter. Invesco Ltd. now owns 761,239 shares of the technology company’s stock valued at $6,790,000 after acquiring an additional 132,223 shares in the last quarter. Trexquant Investment LP increased its holdings in shares of Daktronics by 105.2% during the third quarter. Trexquant Investment LP now owns 62,886 shares of the technology company’s stock valued at $561,000 after acquiring an additional 32,241 shares in the last quarter. Quadrature Capital Ltd increased its holdings in shares of Daktronics by 29.3% during the third quarter. Quadrature Capital Ltd now owns 41,663 shares of the technology company’s stock valued at $371,000 after acquiring an additional 9,451 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Daktronics by 5.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 478,204 shares of the technology company’s stock valued at $4,266,000 after acquiring an additional 23,469 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Daktronics by 0.5% during the third quarter. Vanguard Group Inc. now owns 2,154,605 shares of the technology company’s stock valued at $19,219,000 after acquiring an additional 11,194 shares in the last quarter. 61.69% of the stock is currently owned by institutional investors.

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.