Daktronics (NASDAQ:DAKT) Hits New 12-Month High at $14.59

Daktronics, Inc. (NASDAQ:DAKT) reached a new 52-week high on Monday . The stock traded as high as $14.59 and last traded at $14.52, with a volume of 222946 shares changing hands. The stock had previously closed at $13.90.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Daktronics from a “hold” rating to a “buy” rating in a research report on Monday, July 8th.

Daktronics Trading Up 3.9 %

The stock has a market cap of $668.57 million, a P/E ratio of 22.79, a P/E/G ratio of 0.41 and a beta of 1.12. 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 company has a 50-day moving average price of $11.81 and a two-hundred day moving average price of $9.79.

Insider Buying and Selling at Daktronics

In other Daktronics news, CEO Reece A. Kurtenbach sold 15,000 shares of the company’s 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 sale, the chief executive officer now directly owns 457,963 shares in the company, valued at approximately $6,351,946.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Reece A. Kurtenbach sold 15,000 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $13.87, for a total value of $208,050.00. Following the transaction, the chief executive officer now directly owns 457,963 shares of the company’s stock, valued at $6,351,946.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradley T. Wiemann sold 7,500 shares of the stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $13.60, for a total value of $102,000.00. Following the completion of the transaction, the executive vice president now directly owns 132,582 shares in the company, valued at $1,803,115.20. The disclosure for this sale can be found here. Insiders have sold 32,500 shares of company stock valued at $449,037 in the last quarter. 8.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Daktronics

A number of hedge funds have recently bought and sold shares of DAKT. New York State Teachers Retirement System purchased a new position in Daktronics during the first quarter worth approximately $34,000. CWM LLC lifted 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 acquiring an additional 872 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in Daktronics by 150.0% during the second quarter. Hexagon Capital Partners LLC now owns 4,000 shares of the technology company’s stock worth $56,000 after buying an additional 2,400 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Daktronics by 831.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,376 shares of the technology company’s stock worth $71,000 after buying an additional 7,477 shares in the last quarter. Finally, Clear Street Markets LLC purchased a new position in Daktronics during the fourth quarter worth approximately $101,000. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Daktronics Company Profile

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.