Daktronics, Inc. (NASDAQ:DAKT) Director John Patrick Friel Sells 2,244 Shares

Daktronics, Inc. (NASDAQ:DAKT) Director John Patrick Friel sold 2,244 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $18.17, for a total transaction of $40,773.48. Following the transaction, the director now owns 87,573 shares of the company’s stock, valued at $1,591,201.41. This represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Daktronics Price Performance

Shares of NASDAQ DAKT opened at $17.62 on Friday. The firm has a 50-day simple moving average of $14.81 and a 200-day simple moving average of $13.77. The stock has a market capitalization of $827.89 million, a price-to-earnings ratio of 70.48, a price-to-earnings-growth ratio of 0.72 and a beta of 1.19. The company has a quick ratio of 1.67, a current ratio of 2.35 and a debt-to-equity ratio of 0.40. Daktronics, Inc. has a 52 week low of $7.20 and a 52 week high of $19.89.

Institutional Investors Weigh In On Daktronics

A number of hedge funds have recently modified their holdings of the business. Franklin Resources Inc. raised its position in shares of Daktronics by 0.9% in the third quarter. Franklin Resources Inc. now owns 70,992 shares of the technology company’s stock valued at $959,000 after buying an additional 654 shares during the last quarter. CWM LLC raised its position in shares of Daktronics by 31.4% in the second quarter. CWM LLC now owns 3,646 shares of the technology company’s stock valued at $51,000 after buying an additional 872 shares during the last quarter. Quarry LP raised its position in shares of Daktronics by 75.6% in the third quarter. Quarry LP now owns 2,297 shares of the technology company’s stock valued at $30,000 after buying an additional 989 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in 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 during the last quarter. Finally, Anchor Capital Advisors LLC increased its position in Daktronics by 1.9% during the second quarter. Anchor Capital Advisors LLC now owns 148,387 shares of the technology company’s stock worth $2,070,000 after purchasing an additional 2,778 shares during the last quarter. 61.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Singular Research upgraded shares of Daktronics to a “strong-buy” rating in a research report on Monday, September 9th. StockNews.com upgraded shares of Daktronics from a “hold” rating to a “buy” rating in a research report on Monday, October 14th.

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.