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.

TRADEMARK VIOLATION WARNING: “Daktronics, Inc. (DAKT) Insider Carla S. Gatzke Sells 2,996 Shares” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/23/daktronics-inc-dakt-insider-carla-s-gatzke-sells-2996-shares.html.

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.

Insider Buying and Selling by Quarter for Daktronics (NASDAQ:DAKT)

Receive News & Ratings for Daktronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daktronics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.