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

Daktronics, Inc. (NASDAQ:DAKTGet Free Report) Director John Patrick Friel sold 2,244 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $18.17, for a total value of $40,773.48. Following the sale, the director now owns 87,573 shares of the company’s stock, valued at approximately $1,591,201.41. The trade was a 2.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Daktronics Price Performance

Shares of DAKT stock 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. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.40. Daktronics, Inc. has a 12 month low of $7.20 and a 12 month high of $19.89. The company has a market capitalization of $827.89 million, a P/E ratio of 70.48, a P/E/G ratio of 0.72 and a beta of 1.19.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Singular Research upgraded Daktronics to a “strong-buy” rating in a research note on Monday, September 9th. StockNews.com upgraded Daktronics from a “hold” rating to a “buy” rating in a research note on Monday, October 14th.

Read Our Latest Stock Analysis on DAKT

Institutional Trading of Daktronics

Hedge funds have recently modified their holdings of the company. Foundry Partners LLC bought a new stake in shares of Daktronics in the 3rd quarter worth approximately $4,101,000. Progeny 3 Inc. lifted its position in shares of Daktronics by 140.0% in the 2nd quarter. Progeny 3 Inc. now owns 1,794,908 shares of the technology company’s stock worth $25,039,000 after acquiring an additional 1,047,156 shares during the period. Virtus Investment Advisers Inc. bought a new stake in shares of Daktronics in the 3rd quarter worth approximately $388,000. PEAK6 Investments LLC lifted its position in shares of Daktronics by 269.9% in the 3rd quarter. PEAK6 Investments LLC now owns 42,073 shares of the technology company’s stock worth $543,000 after acquiring an additional 30,699 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Daktronics by 31.6% in the 3rd quarter. Victory Capital Management Inc. now owns 191,799 shares of the technology company’s stock worth $2,476,000 after acquiring an additional 46,104 shares during the period. Institutional investors own 61.69% of the company’s stock.

About Daktronics

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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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Insider Buying and Selling by Quarter for Daktronics (NASDAQ:DAKT)

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