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

Daktronics, Inc. (NASDAQ:DAKT) Director John Patrick Friel sold 2,244 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 87,573 shares of the company’s stock, valued at approximately $1,591,201.41. This trade represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Daktronics Stock Up 3.2 %

DAKT stock opened at $17.62 on Friday. The stock has a market capitalization of $827.89 million, a PE ratio of 70.48, a price-to-earnings-growth ratio of 0.72 and a beta of 1.19. Daktronics, Inc. has a 52 week low of $7.20 and a 52 week high of $19.89. The company has a quick ratio of 1.67, a current ratio of 2.35 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average of $14.81 and a 200 day moving average of $13.76.

Analysts Set New Price Targets

Several analysts have recently commented on DAKT shares. StockNews.com upgraded Daktronics from a “hold” rating to a “buy” rating in a report on Monday, October 14th. Singular Research upgraded Daktronics to a “strong-buy” rating in a research note on Monday, September 9th.

Institutional Investors Weigh In On Daktronics

Several institutional investors and hedge funds have recently made changes to their positions in DAKT. Progeny 3 Inc. increased 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 valued at $25,039,000 after acquiring an additional 1,047,156 shares during the period. Duquesne Family Office LLC grew its stake in Daktronics by 20.3% during the 2nd quarter. Duquesne Family Office LLC now owns 2,493,605 shares of the technology company’s stock valued at $34,786,000 after purchasing an additional 420,161 shares during the last quarter. Foundry Partners LLC acquired a new position in shares of Daktronics in the third quarter valued at about $4,101,000. Charles Schwab Investment Management Inc. raised its stake in shares of Daktronics by 76.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 451,873 shares of the technology company’s stock worth $5,834,000 after purchasing an additional 195,830 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Daktronics by 27.5% during the second quarter. American Century Companies Inc. now owns 869,837 shares of the technology company’s stock worth $12,134,000 after purchasing an additional 187,486 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.