Daktronics, Inc. (NASDAQ:DAKT) VP Matthew John Kurtenbach Sells 8,874 Shares

Daktronics, Inc. (NASDAQ:DAKT) VP Matthew John Kurtenbach sold 8,874 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $13.90, for a total transaction of $123,348.60. Following the sale, the vice president now directly owns 208,906 shares in the company, valued at approximately $2,903,793.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Matthew John Kurtenbach also recently made the following trade(s):

• On Tuesday, July 9th, Matthew John Kurtenbach sold 269 shares of Daktronics stock. The stock was sold at an average price of $13.85, for a total transaction of $3,725.65.
• On Monday, July 1st, Matthew John Kurtenbach sold 857 shares of Daktronics stock. The stock was sold at an average price of $13.90, for a total transaction of $11,912.30.

Daktronics Trading Down 0.3 %

Shares of Daktronics stock traded down $0.04 during trading on Friday, reaching $13.93. The company’s stock had a trading volume of 409,836 shares, compared to its average volume of 514,596. Daktronics, Inc. has a 52-week low of $6.33 and a 52-week high of $14.58. The company has a market cap of $644.96 million, a price-to-earnings ratio of 22.57, a PEG ratio of 0.40 and a beta of 1.12. The firm’s 50-day moving average is $11.74 and its two-hundred day moving average is $9.74. The company has a quick ratio of 1.37, a current ratio of 2.09 and a debt-to-equity ratio of 0.31.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Daktronics from a “hold” rating to a “buy” rating in a research note on Monday.

Institutional Investors Weigh In On Daktronics

A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in shares of Daktronics by 14.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,451,404 shares of the technology company’s stock valued at $20,788,000 after purchasing an additional 305,597 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Daktronics by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 2,338,484 shares of the technology company’s stock valued at $23,291,000 after purchasing an additional 41,076 shares in the last quarter. Breach Inlet Capital Management LLC purchased a new stake in shares of Daktronics in the 4th quarter valued at $11,508,000. First Bank & Trust boosted its position in Daktronics by 29.5% during the 1st quarter. First Bank & Trust now owns 997,216 shares of the technology company’s stock valued at $9,932,000 after buying an additional 227,108 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Daktronics during the 1st quarter valued at $7,482,000. Hedge funds and other 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.