Daktronics (NASDAQ:DAKT) Director John Patrick Friel Sells 13,479 Shares

Daktronics, Inc. (NASDAQ:DAKT) Director John Patrick Friel sold 13,479 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $23.58, for a total transaction of $317,834.82. Following the sale, the director directly owned 74,094 shares of the company’s stock, valued at approximately $1,747,136.52. This trade represents a 15.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Daktronics Stock Down 2.0%

DAKT opened at $23.55 on Wednesday. The firm has a 50 day moving average price of $17.34 and a 200 day moving average price of $14.94. The company has a market cap of $1.14 billion, a PE ratio of 40.07, a price-to-earnings-growth ratio of 0.74 and a beta of 1.69. Daktronics, Inc. has a 1 year low of $10.24 and a 1 year high of $24.38. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.54 and a current ratio of 2.07.

Daktronics (NASDAQ:DAKT) last posted its earnings results on Wednesday, September 10th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.09. The firm had revenue of $218.97 million during the quarter, compared to the consensus estimate of $196.90 million. Daktronics had a net margin of 1.51% and a return on equity of 14.64%. Sell-side analysts expect that Daktronics, Inc. will post 0.96 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on DAKT shares. Zacks Research raised shares of Daktronics from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 11th. Wall Street Zen raised shares of Daktronics from a “buy” rating to a “strong-buy” rating in a research report on Sunday. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, Daktronics has an average rating of “Strong Buy” and a consensus target price of $26.00.

Institutional Trading of Daktronics

Institutional investors and hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. lifted its stake in Daktronics by 3.2% in the second quarter. Osaic Holdings Inc. now owns 23,638 shares of the technology company’s stock valued at $357,000 after buying an additional 728 shares during the last quarter. Squarepoint Ops LLC grew its holdings in Daktronics by 74.5% during the second quarter. Squarepoint Ops LLC now owns 116,413 shares of the technology company’s stock worth $1,760,000 after acquiring an additional 49,684 shares during the period. Duquesne Family Office LLC grew its holdings in Daktronics by 0.3% during the second quarter. Duquesne Family Office LLC now owns 3,076,224 shares of the technology company’s stock worth $46,513,000 after acquiring an additional 8,599 shares during the period. Gallagher Fiduciary Advisors LLC grew its holdings in Daktronics by 21.6% during the second quarter. Gallagher Fiduciary Advisors LLC now owns 18,942 shares of the technology company’s stock worth $286,000 after acquiring an additional 3,370 shares during the period. Finally, Engineers Gate Manager LP acquired a new position in Daktronics during the second quarter worth about $925,000. 61.69% of the stock is 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.