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 stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $18.75, for a total value of $150,900.00. Following the transaction, the chief executive officer now owns 469,727 shares in the company, valued at $8,807,381.25. This represents a 1.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Daktronics Price Performance

NASDAQ:DAKT opened at $17.62 on Monday. The stock has a 50 day moving average of $14.81 and a two-hundred day moving average of $13.79. Daktronics, Inc. has a 12 month low of $7.20 and a 12 month high of $19.89. The firm has a market cap of $827.89 million, a P/E ratio of 70.48, a price-to-earnings-growth ratio of 0.72 and a beta of 1.19. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.40.

Institutional Trading of Daktronics

Large investors have recently made changes to their positions in the company. Quarry LP lifted its holdings in Daktronics by 75.6% in the 3rd quarter. Quarry LP now owns 2,297 shares of the technology company’s stock valued at $30,000 after purchasing an additional 989 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Daktronics by 92.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,309 shares of the technology company’s stock worth $32,000 after buying an additional 1,108 shares in the last quarter. CWM LLC boosted its position in 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 acquiring an additional 872 shares during the last quarter. Virtus Fund Advisers LLC purchased a new stake in Daktronics during the 3rd quarter valued at about $75,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in Daktronics in the 1st quarter valued at about $109,000. 61.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DAKT has been the topic of a number of recent analyst reports. Singular Research upgraded 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.

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.