Daktronics, Inc. (NASDAQ:DAKT - Get Free Report) Director John Patrick Friel sold 2,244 shares of the business's stock in a transaction on Thursday, December 12th. The shares were 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 Securities & Exchange Commission, which can be accessed through this link.
Daktronics Stock Up 3.2 %
DAKT stock opened at $17.62 on Friday. Daktronics, Inc. has a one year low of $7.20 and a one year high of $19.89. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.67 and a current ratio of 2.35. The firm's fifty day moving average is $14.81 and its 200 day moving average is $13.76. The firm has a market cap of $827.89 million, a PE ratio of 70.48, a P/E/G ratio of 0.72 and a beta of 1.19.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on DAKT. Singular Research raised Daktronics to a "strong-buy" rating in a report on Monday, September 9th. StockNews.com upgraded Daktronics from a "hold" rating to a "buy" rating in a research report on Monday, October 14th.
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Read Our Latest Research Report on Daktronics
Institutional Investors Weigh In On Daktronics
A number of institutional investors have recently modified their holdings of the business. Quarry LP raised its holdings in Daktronics by 75.6% in the 3rd quarter. Quarry LP now owns 2,297 shares of the technology company's stock worth $30,000 after purchasing an additional 989 shares during the period. Northwestern Mutual Wealth Management Co. increased its position 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 valued at $32,000 after buying an additional 1,108 shares in the last quarter. CWM LLC raised its stake in shares of Daktronics by 31.4% during the 2nd quarter. CWM LLC now owns 3,646 shares of the technology company's stock worth $51,000 after buying an additional 872 shares during the period. Virtus Fund Advisers LLC purchased a new position in shares of Daktronics during the 3rd quarter valued at approximately $75,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in Daktronics in the 1st quarter valued at $109,000. 61.69% of the stock is currently owned by institutional investors and hedge funds.
About Daktronics
(
Get Free Report)
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.
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