Insider Selling: Daktronics (NASDAQ:DAKT) Insider Sells $72,756.36 in Stock

Daktronics, Inc. (NASDAQ:DAKT) insider Sheila Mae Anderson sold 3,636 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $20.01, for a total transaction of $72,756.36. Following the completion of the sale, the insider directly owned 48,371 shares of the company’s stock, valued at $967,903.71. The trade was a 6.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Daktronics Stock Performance

Shares of NASDAQ DAKT opened at $19.91 on Friday. Daktronics, Inc. has a twelve month low of $15.59 and a twelve month high of $28.27. The stock has a market cap of $961.25 million, a price-to-earnings ratio of 21.88, a P/E/G ratio of 0.66 and a beta of 1.67. The company has a quick ratio of 1.74, a current ratio of 2.31 and a debt-to-equity ratio of 0.18. The company’s fifty day moving average is $19.94 and its 200-day moving average is $21.10.

Daktronics (NASDAQ:DAKT) last released its quarterly earnings data on Wednesday, June 24th. The technology company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. The business had revenue of $208.61 million during the quarter, compared to analysts’ expectations of $205.27 million. Daktronics had a net margin of 5.41% and a return on equity of 17.62%. During the same quarter in the prior year, the company earned ($0.19) EPS. Equities research analysts predict that Daktronics, Inc. will post 1.21 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DAKT shares. Zacks Research upgraded Daktronics from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Roth Mkm upped their price target on shares of Daktronics from $26.00 to $29.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings raised shares of Daktronics from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 25th. Finally, Wall Street Zen cut shares of Daktronics from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.00.

Institutional Trading of Daktronics

Several institutional investors and hedge funds have recently added to or reduced their stakes in DAKT. Dynamic Technology Lab Private Ltd bought a new stake in shares of Daktronics in the 3rd quarter valued at about $540,000. American Century Companies Inc. grew its holdings in Daktronics by 2.8% during the third quarter. American Century Companies Inc. now owns 1,664,668 shares of the technology company’s stock worth $34,825,000 after purchasing an additional 44,731 shares during the period. Hillsdale Investment Management Inc. bought a new position in Daktronics during the fourth quarter worth about $2,968,000. OP Asset Management Ltd acquired a new position in Daktronics during the first quarter worth approximately $2,133,000. Finally, Legato Capital Management LLC bought a new stake in Daktronics in the fourth quarter valued at approximately $1,142,000. 61.69% of the stock is owned by institutional investors.

About Daktronics

Daktronics, Inc (NASDAQ: DAKT) is a leading designer and manufacturer of electronic display systems, video boards, scoreboards and related control systems. Founded in 1968 in Brookings, South Dakota by Al Kurtenbach and Duane Sander, the company has built a reputation for delivering custom visual display solutions to a wide range of markets. Its product portfolio includes large-format LED video displays, programmable message centers, digital billboards, and audio-visual solutions tailored to sports venues, transportation authorities, retail environments and live event producers.

The company’s primary business activities encompass the engineering, fabrication and installation of display systems for customers around the world.