Daktronics, Inc. (DAKT) Insider Carla S. Gatzke Sells 2,996 Shares
Daktronics, Inc. (NASDAQ:DAKT) insider Carla S. Gatzke sold 2,996 shares of the business’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $10.27, for a total value of $30,768.92. Following the completion of the transaction, the insider now owns 435,063 shares in the company, valued at approximately $4,468,097.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Daktronics, Inc. (DAKT) traded down 0.78% during midday trading on Monday, reaching $10.24. The company’s stock had a trading volume of 106,945 shares. The stock has a 50 day moving average of $10.26 and a 200-day moving average of $9.68. Daktronics, Inc. has a 1-year low of $7.84 and a 1-year high of $11.12. The company has a market capitalization of $453.50 million, a P/E ratio of 35.19 and a beta of 1.28.
Daktronics (NASDAQ:DAKT) last announced its quarterly earnings results on Tuesday, August 22nd. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. Daktronics had a net margin of 2.20% and a return on equity of 6.53%. The company had revenue of $172.70 million for the quarter, compared to analyst estimates of $165.00 million. During the same quarter last year, the business earned $0.13 earnings per share. Daktronics’s revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts anticipate that Daktronics, Inc. will post $0.40 earnings per share for the current year.
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Several large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in shares of Daktronics by 4.6% in the second quarter. The Manufacturers Life Insurance Company now owns 31,309 shares of the technology company’s stock valued at $301,000 after purchasing an additional 1,368 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Daktronics during the second quarter valued at approximately $123,000. State Street Corp increased its stake in shares of Daktronics by 5.0% during the second quarter. State Street Corp now owns 898,729 shares of the technology company’s stock valued at $8,658,000 after acquiring an additional 42,740 shares during the period. HighTower Advisors LLC increased its stake in shares of Daktronics by 8.0% during the second quarter. HighTower Advisors LLC now owns 43,659 shares of the technology company’s stock valued at $422,000 after acquiring an additional 3,250 shares during the period. Finally, PDT Partners LLC acquired a new position in shares of Daktronics during the second quarter valued at approximately $488,000. Institutional investors own 51.70% of the company’s stock.
Several equities analysts recently issued reports on the company. TheStreet upgraded Daktronics from a “c+” rating to a “b-” rating in a research report on Wednesday, September 27th. BidaskClub upgraded Daktronics from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded Daktronics from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Thursday, August 24th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $11.83.
Daktronics Company Profile
Daktronics, Inc is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Company operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International.
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