Daktronics, Inc. (NASDAQ:DAKT) CEO Sells $150,900.00 in Stock

Daktronics, Inc. (NASDAQ:DAKT) CEO Reece A. Kurtenbach sold 8,048 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $18.75, for a total transaction of $150,900.00. Following the completion of the sale, the chief executive officer now directly owns 469,727 shares of the company’s stock, valued at approximately $8,807,381.25. This trade represents a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Daktronics Price Performance

DAKT opened at $17.62 on Friday. The firm has a market capitalization 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 company has a debt-to-equity ratio of 0.40, a current ratio of 2.35 and a quick ratio of 1.67. The business’s 50-day moving average is $14.81 and its two-hundred day moving average is $13.76. Daktronics, Inc. has a 1 year low of $7.20 and a 1 year high of $19.89.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Daktronics

Institutional investors have recently modified their holdings of the company. Quarry LP raised its stake in shares of Daktronics by 75.6% during the 3rd quarter. Quarry LP now owns 2,297 shares of the technology company’s stock worth $30,000 after acquiring an additional 989 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Daktronics by 92.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,309 shares of the technology company’s stock worth $32,000 after purchasing an additional 1,108 shares in the last quarter. CWM LLC boosted its position in shares of Daktronics by 31.4% in the 2nd 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. Virtus Fund Advisers LLC purchased a new position in Daktronics during the 3rd quarter worth $75,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Daktronics during the first quarter worth $109,000. 61.69% of the stock is currently owned by institutional investors.

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.