Insider Buying: Daktronics, Inc. (NASDAQ:DAKT) Director Buys 7,200 Shares of Stock

Daktronics, Inc. (NASDAQ:DAKT - Get Free Report) Director Andrew David Siegel acquired 7,200 shares of the stock in a transaction on Monday, March 31st. The stock was bought at an average price of $11.82 per share, with a total value of $85,104.00. Following the transaction, the director now directly owns 40,946 shares of the company's stock, valued at approximately $483,981.72. The trade was a 21.34 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Daktronics Stock Down 5.2 %

Shares of NASDAQ:DAKT traded down $0.64 during trading hours on Friday, hitting $11.59. The company's stock had a trading volume of 58,925 shares, compared to its average volume of 478,937. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.35 and a quick ratio of 1.67. The company has a market capitalization of $606.32 million, a price-to-earnings ratio of 46.70, a P/E/G ratio of 0.57 and a beta of 1.12. The firm's fifty day moving average price is $14.52 and its 200 day moving average price is $14.90. Daktronics, Inc. has a 52 week low of $8.81 and a 52 week high of $19.89.

Analyst Upgrades and Downgrades

Separately, Craig Hallum began coverage on shares of Daktronics in a report on Wednesday, January 22nd. They issued a "buy" rating and a $26.00 target price for the company.

Remove Ads

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Money Concepts Capital Corp raised its position in Daktronics by 0.4% in the fourth quarter. Money Concepts Capital Corp now owns 150,724 shares of the technology company's stock valued at $2,541,000 after purchasing an additional 607 shares during the period. Franklin Resources Inc. increased its stake in shares of Daktronics by 0.9% during the third quarter. Franklin Resources Inc. now owns 70,992 shares of the technology company's stock worth $959,000 after acquiring an additional 654 shares during the period. Summit Investment Advisors Inc. lifted its position in shares of Daktronics by 29.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,192 shares of the technology company's stock valued at $71,000 after acquiring an additional 965 shares during the period. Quarry LP grew its holdings in Daktronics by 75.6% during the 3rd quarter. Quarry LP now owns 2,297 shares of the technology company's stock valued at $30,000 after buying an additional 989 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Daktronics by 8.5% in the 4th quarter. Principal Financial Group Inc. now owns 22,413 shares of the technology company's stock valued at $378,000 after buying an additional 1,765 shares during the period. Hedge funds and other institutional investors own 61.69% of the company's stock.

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.