Daktronics, Inc. (NASDAQ:DAKT) VP Matthew John Kurtenbach Sells 15,400 Shares

Daktronics, Inc. (NASDAQ:DAKT) VP Matthew John Kurtenbach sold 15,400 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $13.28, for a total value of $204,512.00. Following the transaction, the vice president now directly owns 2,500 shares in the company, valued at $33,200. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Matthew John Kurtenbach also recently made the following trade(s):

• On Wednesday, July 31st, Matthew John Kurtenbach sold 2,000 shares of Daktronics stock. The stock was sold at an average price of $14.96, for a total value of $29,920.00.
• On Monday, July 29th, Matthew John Kurtenbach sold 3,000 shares of Daktronics stock. The shares were sold at an average price of $15.03, for a total value of $45,090.00.
• On Wednesday, July 24th, Matthew John Kurtenbach sold 472 shares of Daktronics stock. The shares were sold at an average price of $14.97, for a total value of $7,065.84.
• On Tuesday, July 16th, Matthew John Kurtenbach sold 9,000 shares of Daktronics stock. The stock was sold at an average price of $14.94, for a total value of $134,460.00.
• On Thursday, July 11th, Matthew John Kurtenbach sold 8,874 shares of Daktronics stock. The shares were sold at an average price of $13.90, for a total value of $123,348.60.
• On Tuesday, July 9th, Matthew John Kurtenbach sold 269 shares of Daktronics stock. The shares were sold at an average price of $13.85, for a total value of $3,725.65.

Daktronics Stock Down 0.1 %

Shares of NASDAQ DAKT opened at $13.02 on Wednesday. The company has a 50-day moving average of $13.58 and a 200 day moving average of $12.22. Daktronics, Inc. has a 12-month low of $7.20 and a 12-month high of $15.97. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.48. The stock has a market cap of $602.77 million, a PE ratio of 21.34, a P/E/G ratio of 0.44 and a beta of 1.14.

Daktronics (NASDAQ:DAKT) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The firm had revenue of $226.09 million for the quarter, compared to the consensus estimate of $216.84 million. Daktronics had a net margin of 1.29% and a return on equity of 19.92%. As a group, sell-side analysts predict that Daktronics, Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Singular Research upgraded Daktronics to a “strong-buy” rating in a research note on Monday, September 9th. StockNews.com downgraded shares of Daktronics from a “buy” rating to a “hold” rating in a research note on Friday, September 13th.

Institutional Investors Weigh In On Daktronics

A number of large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in Daktronics by 92.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,309 shares of the technology company’s stock valued at $32,000 after purchasing an additional 1,108 shares during the last quarter. New York State Teachers Retirement System bought a new stake in Daktronics in the 1st quarter valued at $34,000. CWM LLC boosted its stake in shares of 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 purchasing an additional 872 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in shares of Daktronics by 150.0% in the 2nd quarter. Hexagon Capital Partners LLC now owns 4,000 shares of the technology company’s stock valued at $56,000 after acquiring an additional 2,400 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Daktronics in the 1st quarter valued at approximately $105,000. 61.69% of the stock is owned by institutional investors and hedge funds.

Daktronics Company Profile

Daktronics, Inc designs, manufactures, and markets electronic display systems and related products 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.