Daktronics, Inc. (NASDAQ:DAKT) Insider Sheila Mae Anderson Sells 3,839 Shares

Daktronics, Inc. (NASDAQ:DAKT) insider Sheila Mae Anderson sold 3,839 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $16.86, for a total transaction of $64,725.54. Following the transaction, the insider directly owned 39,495 shares of the company’s stock, valued at approximately $665,885.70. This represents a 8.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Daktronics Price Performance

NASDAQ:DAKT opened at $16.92 on Tuesday. The firm has a market cap of $830.94 million, a PE ratio of -38.45, a price-to-earnings-growth ratio of 0.56 and a beta of 1.65. Daktronics, Inc. has a 12 month low of $10.24 and a 12 month high of $19.89. The company has a quick ratio of 1.60, a current ratio of 2.22 and a debt-to-equity ratio of 0.19. The company’s 50-day moving average price is $15.60 and its two-hundred day moving average price is $14.56.

Daktronics (NASDAQ:DAKT) last released its quarterly earnings results on Wednesday, June 25th. The technology company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. Daktronics had a negative net margin of 1.34% and a positive return on equity of 15.29%. The firm had revenue of $172.55 million for the quarter, compared to analyst estimates of $189.10 million. During the same period in the previous year, the business earned $0.27 earnings per share. On average, equities analysts anticipate that Daktronics, Inc. will post 0.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Daktronics from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd.

Hedge Funds Weigh In On Daktronics

Large investors have recently bought and sold shares of the business. Quaker Wealth Management LLC lifted its holdings in Daktronics by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 3,800 shares of the technology company’s stock valued at $57,000 after buying an additional 7,600 shares during the period. Summit Investment Advisors Inc. raised its holdings in Daktronics by 29.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,192 shares of the technology company’s stock worth $71,000 after purchasing an additional 965 shares during the period. Farther Finance Advisors LLC acquired a new stake in Daktronics in the second quarter worth $79,000. Summit Securities Group LLC acquired a new stake in Daktronics in the first quarter worth $81,000. Finally, GAMMA Investing LLC raised its holdings in Daktronics by 5,889.3% in the first quarter. GAMMA Investing LLC now owns 7,247 shares of the technology company’s stock worth $88,000 after purchasing an additional 7,126 shares during the period. 61.69% of the stock is currently owned by institutional investors and hedge funds.

Daktronics Company Profile

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.