Daktronics, Inc. (NASDAQ:DAKT) Director Purchases $28,750.00 in Stock

Daktronics, Inc. (NASDAQ:DAKT) Director Andrew David Siegel purchased 2,500 shares of Daktronics stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average cost of $11.50 per share, with a total value of $28,750.00. Following the completion of the transaction, the director now directly owns 43,446 shares of the company’s stock, valued at approximately $499,629. The trade was a 6.11 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Andrew David Siegel also recently made the following trade(s):

• On Monday, March 31st, Andrew David Siegel acquired 7,200 shares of Daktronics stock. The shares were bought at an average price of $11.82 per share, for a total transaction of $85,104.00.

Daktronics Stock Performance

DAKT stock traded up $0.07 during midday trading on Tuesday, reaching $11.48. 329,935 shares of the company were exchanged, compared to its average volume of 481,846. The firm has a market capitalization of $600.57 million, a price-to-earnings ratio of 45.64, a price-to-earnings-growth ratio of 0.57 and a beta of 1.34. The business has a 50-day moving average price of $14.31 and a two-hundred day moving average price of $14.92. Daktronics, Inc. has a one year low of $8.81 and a one year high of $19.89. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.35 and a quick ratio of 1.67.

Analysts Set New Price Targets

Separately, Craig Hallum began coverage on shares of Daktronics in a report on Wednesday, January 22nd. They set a “buy” rating and a $26.00 target price on the stock.

Institutional Trading of Daktronics

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Alta Fox Capital Management LLC lifted its position in Daktronics by 310.7% during the fourth quarter. Alta Fox Capital Management LLC now owns 3,074,336 shares of the technology company’s stock worth $51,833,000 after acquiring an additional 2,325,779 shares during the last quarter. Duquesne Family Office LLC lifted its holdings in Daktronics by 2.2% during the 4th quarter. Duquesne Family Office LLC now owns 2,625,105 shares of the technology company’s stock worth $44,259,000 after purchasing an additional 56,750 shares during the last quarter. Vanguard Group Inc. boosted its stake in Daktronics by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,450,964 shares of the technology company’s stock valued at $41,323,000 after purchasing an additional 11,099 shares during the period. Progeny 3 Inc. grew its holdings in Daktronics by 4.7% in the 4th quarter. Progeny 3 Inc. now owns 2,391,008 shares of the technology company’s stock valued at $40,312,000 after buying an additional 106,400 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Daktronics by 11.3% in the 4th quarter. American Century Companies Inc. now owns 1,388,284 shares of the technology company’s stock valued at $23,406,000 after buying an additional 140,482 shares in the last quarter. Institutional investors own 61.69% of the company’s stock.

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.