Daktronics, Inc. (NASDAQ:DAKT) VP Matthew John Kurtenbach Sells 857 Shares of Stock

Daktronics, Inc. (NASDAQ:DAKT) VP Matthew John Kurtenbach sold 857 shares of Daktronics stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $13.90, for a total transaction of $11,912.30. Following the sale, the vice president now directly owns 208,906 shares of the company’s stock, valued at approximately $2,903,793.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Daktronics Trading Up 2.3 %

DAKT opened at $13.45 on Thursday. The company has a quick ratio of 1.37, a current ratio of 2.09 and a debt-to-equity ratio of 0.31. The stock’s fifty day moving average is $11.26 and its two-hundred day moving average is $9.54. The company has a market capitalization of $622.74 million, a P/E ratio of 22.05, a PEG ratio of 0.39 and a beta of 1.12. Daktronics, Inc. has a 52 week low of $5.99 and a 52 week high of $14.58.

Hedge Funds Weigh In On Daktronics

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Breach Inlet Capital Management LLC purchased a new stake in Daktronics in the fourth quarter worth about $11,508,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Daktronics in the 1st quarter worth approximately $7,482,000. Progeny 3 Inc. bought a new position in shares of Daktronics during the first quarter valued at approximately $7,448,000. Intrinsic Edge Capital Management LLC bought a new position in shares of Daktronics during the fourth quarter valued at approximately $4,240,000. Finally, Anthracite Investment Company Inc. bought a new position in Daktronics in the fourth quarter worth approximately $4,069,000. Institutional investors own 61.69% of the company’s stock.

About Daktronics

Daktronics, Inc designs, manufactures, and markets electronic display systems and related products 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.