Inspire Investing LLC Decreases Stock Holdings in Daktronics, Inc. (NASDAQ:DAKT)

Inspire Investing LLC reduced its stake in Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 55.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,931 shares of the technology company's stock after selling 39,603 shares during the period. Inspire Investing LLC owned 0.07% of Daktronics worth $412,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DAKT. Northwestern Mutual Wealth Management Co. grew its stake in Daktronics by 92.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,309 shares of the technology company's stock worth $32,000 after buying an additional 1,108 shares in the last quarter. CWM LLC raised its holdings in Daktronics by 31.4% in the 2nd quarter. CWM LLC now owns 3,646 shares of the technology company's stock valued at $51,000 after buying an additional 872 shares during the last quarter. Hexagon Capital Partners LLC increased its position in Daktronics by 150.0% during the 2nd quarter. Hexagon Capital Partners LLC now owns 4,000 shares of the technology company's stock valued at $56,000 after purchasing an additional 2,400 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Daktronics during the 1st quarter valued at approximately $105,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in Daktronics during the 1st quarter valued at approximately $109,000. 61.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DAKT has been the subject of a number of recent analyst reports. StockNews.com raised shares of Daktronics from a "hold" rating to a "buy" rating in a research report on Monday. Singular Research raised shares of Daktronics to a "strong-buy" rating in a research report on Monday, September 9th.

Daktronics Stock Down 1.2 %

NASDAQ:DAKT traded down $0.16 during trading hours on Friday, hitting $13.55. 419,804 shares of the company traded hands, compared to its average volume of 511,281. The company has a market cap of $627.31 million, a PE ratio of 21.72, a PEG ratio of 0.47 and a beta of 1.14. Daktronics, Inc. has a one year low of $7.20 and a one year high of $15.97. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.48. The firm's 50-day simple moving average is $13.50 and its 200-day simple moving average is $12.36.

Daktronics (NASDAQ:DAKT - Get Free Report) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.06. Daktronics had a return on equity of 19.92% and a net margin of 1.29%. The business had revenue of $226.09 million during the quarter, compared to analyst estimates of $216.84 million. Equities analysts predict that Daktronics, Inc. will post 0.89 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Bradley T. Wiemann sold 25,000 shares of the company's stock in a transaction on Friday, September 27th. The stock was sold at an average price of $12.89, for a total value of $322,250.00. Following the sale, the executive vice president now directly owns 85,446 shares of the company's stock, valued at $1,101,398.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Daktronics news, VP Matthew John Kurtenbach sold 2,000 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $14.96, for a total value of $29,920.00. Following the transaction, the vice president now owns 208,906 shares of the company's stock, valued at approximately $3,125,233.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradley T. Wiemann sold 25,000 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $12.89, for a total value of $322,250.00. Following the completion of the transaction, the executive vice president now directly owns 85,446 shares in the company, valued at approximately $1,101,398.94. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,872 shares of company stock valued at $608,838 over the last ninety days. Company insiders own 8.30% of the company's stock.

About Daktronics

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.