Andrew David Siegel Acquires 7,200 Shares of Daktronics, Inc. (NASDAQ:DAKT) Stock

Daktronics, Inc. (NASDAQ:DAKT) Director Andrew David Siegel acquired 7,200 shares of the business’s stock in a transaction on Monday, March 31st. The stock was acquired at an average price of $11.82 per share, with a total value of $85,104.00. Following the transaction, the director now directly owns 40,946 shares of the company’s stock, valued at $483,981.72. This represents a 21.34 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Daktronics Trading Up 5.7 %

Shares of DAKT stock opened at $12.88 on Wednesday. The stock has a market cap of $674.10 million, a P/E ratio of 51.52, a P/E/G ratio of 0.57 and a beta of 1.12. The company has a quick ratio of 1.67, a current ratio of 2.35 and a debt-to-equity ratio of 0.40. Daktronics, Inc. has a fifty-two week low of $8.81 and a fifty-two week high of $19.89. The business has a fifty day simple moving average of $14.71 and a 200-day simple moving average of $14.93.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Daktronics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Daktronics in the third quarter valued at approximately $427,000. FMR LLC grew its holdings in Daktronics by 5,451.9% during the 3rd quarter. FMR LLC now owns 48,690 shares of the technology company’s stock valued at $629,000 after buying an additional 47,813 shares during the last quarter. Barclays PLC increased its position in Daktronics by 348.2% during the third quarter. Barclays PLC now owns 58,388 shares of the technology company’s stock worth $754,000 after buying an additional 45,360 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Daktronics by 8.5% in the fourth quarter. Principal Financial Group Inc. now owns 22,413 shares of the technology company’s stock valued at $378,000 after acquiring an additional 1,765 shares in the last quarter. Finally, Virtus Investment Advisers Inc. acquired a new stake in shares of Daktronics during the third quarter valued at $388,000. Institutional investors and hedge funds 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.