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 business’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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Daktronics Stock Up 1.6 %

NASDAQ:DAKT traded up $0.27 during mid-day trading on Friday, reaching $17.35. The stock had a trading volume of 103,115 shares, compared to its average volume of 507,025. 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 stock has a market cap of $815.28 million, a P/E ratio of 68.32, a PEG ratio of 0.72 and a beta of 1.19. The business’s 50 day moving average is $14.72 and its 200 day moving average is $13.71. Daktronics, Inc. has a fifty-two week low of $7.20 and a fifty-two week high of $19.89.

Institutional Trading of Daktronics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Progeny 3 Inc. boosted its position in Daktronics by 140.0% in the 2nd quarter. Progeny 3 Inc. now owns 1,794,908 shares of the technology company’s stock valued at $25,039,000 after buying an additional 1,047,156 shares during the last quarter. Duquesne Family Office LLC increased its stake in Daktronics by 20.3% in the 2nd quarter. Duquesne Family Office LLC now owns 2,493,605 shares of the technology company’s stock valued at $34,786,000 after buying an additional 420,161 shares during the last quarter. Foundry Partners LLC acquired a new position in Daktronics during the third quarter valued at approximately $4,101,000. Charles Schwab Investment Management Inc. grew its stake in shares of Daktronics by 76.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 451,873 shares of the technology company’s stock valued at $5,834,000 after buying an additional 195,830 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Daktronics by 27.5% in the 2nd quarter. American Century Companies Inc. now owns 869,837 shares of the technology company’s stock valued at $12,134,000 after acquiring an additional 187,486 shares during the period. Institutional investors and hedge funds own 61.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented 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 report on Monday, September 9th.

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.