Daktronics, Inc. (NASDAQ:DAKT - Get Free Report) VP Matthew John Kurtenbach sold 857 shares of the business's stock in a transaction on Monday, July 1st. The shares were sold at an average price of $13.90, for a total value of $11,912.30. Following the completion of the sale, the vice president now owns 208,906 shares in the company, valued at approximately $2,903,793.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Daktronics Trading Up 2.3 %
NASDAQ DAKT opened at $13.45 on Thursday. The firm has a market cap of $622.74 million, a price-to-earnings ratio of 22.05, a PEG ratio of 0.39 and a beta of 1.12. Daktronics, Inc. has a one year low of $5.99 and a one year high of $14.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.37 and a current ratio of 2.09. The firm has a 50 day simple moving average of $11.26 and a 200-day simple moving average of $9.54.
Hedge Funds Weigh In On Daktronics
Several institutional investors have recently modified their holdings of DAKT. Progeny 3 Inc. acquired a new stake in Daktronics in the 1st quarter valued at about $7,448,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Daktronics in the 1st quarter valued at $109,000. Vanguard Group Inc. lifted its position in shares of Daktronics by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 2,338,484 shares of the technology company's stock worth $23,291,000 after purchasing an additional 41,076 shares during the last quarter. Anchor Capital Advisors LLC grew its stake in shares of Daktronics by 6.6% during the first quarter. Anchor Capital Advisors LLC now owns 145,609 shares of the technology company's stock worth $1,450,000 after purchasing an additional 9,052 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Daktronics by 115.1% during the first quarter. Empowered Funds LLC now owns 199,066 shares of the technology company's stock worth $1,983,000 after purchasing an additional 106,538 shares in the last quarter. Institutional investors and hedge funds own 61.69% of the company's stock.
About Daktronics
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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.
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