Matthew John Kurtenbach Sells 2,000 Shares of Daktronics, Inc. (NASDAQ:DAKT) Stock

Daktronics, Inc. (NASDAQ:DAKT) VP Matthew John Kurtenbach sold 2,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $14.96, for a total transaction of $29,920.00. Following the transaction, the vice president now owns 208,906 shares in the company, valued at approximately $3,125,233.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, July 29th, Matthew John Kurtenbach sold 3,000 shares of Daktronics stock. The shares were sold at an average price of $15.03, for a total transaction of $45,090.00.
• On Wednesday, July 24th, Matthew John Kurtenbach sold 472 shares of Daktronics stock. The stock was sold at an average price of $14.97, for a total transaction of $7,065.84.
• On Tuesday, July 16th, Matthew John Kurtenbach sold 9,000 shares of Daktronics stock. The stock was sold at an average price of $14.94, for a total transaction of $134,460.00.
• On Thursday, July 11th, Matthew John Kurtenbach sold 8,874 shares of Daktronics stock. The stock was sold at an average price of $13.90, for a total transaction of $123,348.60.
• 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 Up 1.4 %

Shares of NASDAQ DAKT opened at $13.48 on Wednesday. The firm’s 50 day moving average price is $12.93 and its 200-day moving average price is $10.56. The company has a market cap of $624.07 million, a PE ratio of 22.10, a P/E/G ratio of 0.43 and a beta of 1.12. Daktronics, Inc. has a 52-week low of $7.20 and a 52-week high of $15.64. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.37 and a current ratio of 2.09.

Daktronics (NASDAQ:DAKT) last issued its earnings results on Wednesday, June 26th. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.13. The firm had revenue of $215.88 million for the quarter, compared to the consensus estimate of $179.28 million. Daktronics had a net margin of 4.23% and a return on equity of 25.55%. On average, equities research analysts expect that Daktronics, Inc. will post 1.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Daktronics from a “buy” rating to a “hold” rating in a research note on Tuesday, July 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. New York State Teachers Retirement System bought a new position in shares of Daktronics in the first quarter worth approximately $34,000. 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. Hexagon Capital Partners LLC lifted its position in Daktronics by 150.0% during the second quarter. Hexagon Capital Partners LLC now owns 4,000 shares of the technology company’s stock valued at $56,000 after purchasing an additional 2,400 shares during the period. Tower Research Capital LLC TRC lifted its position in Daktronics by 831.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,376 shares of the technology company’s stock valued at $71,000 after purchasing an additional 7,477 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in Daktronics during the first quarter valued at approximately $105,000. 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.