John Patrick Friel Sells 2,244 Shares of Daktronics, Inc. (NASDAQ:DAKT) Stock

Daktronics, Inc. (NASDAQ:DAKT) Director John Patrick Friel sold 2,244 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $18.17, for a total value of $40,773.48. Following the transaction, the director now owns 87,573 shares of the company’s stock, valued at approximately $1,591,201.41. This represents a 2.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Daktronics Stock Up 3.2 %

DAKT stock traded up $0.54 during midday trading on Friday, hitting $17.62. The company’s stock had a trading volume of 654,021 shares, compared to its average volume of 509,431. The company has a market cap of $827.96 million, a PE ratio of 68.32, a P/E/G ratio of 0.72 and a beta of 1.19. The firm’s 50-day moving average is $14.72 and its 200-day moving average is $13.71. Daktronics, Inc. has a 12 month low of $7.20 and a 12 month high of $19.89. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.40.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DAKT shares. Singular Research upgraded Daktronics to a “strong-buy” rating in a research report on Monday, September 9th. StockNews.com upgraded shares of Daktronics from a “hold” rating to a “buy” rating in a report on Monday, October 14th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP raised its position in Daktronics by 75.6% in the 3rd quarter. Quarry LP now owns 2,297 shares of the technology company’s stock worth $30,000 after buying an additional 989 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Daktronics by 92.3% during the second 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. CWM LLC lifted its position in Daktronics by 31.4% during the second quarter. CWM LLC now owns 3,646 shares of the technology company’s stock valued at $51,000 after purchasing an additional 872 shares during the period. Virtus Fund Advisers LLC purchased a new stake in Daktronics in the third quarter worth approximately $75,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in Daktronics in the 1st quarter worth approximately $109,000. 61.69% of the stock is owned by institutional investors.

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.