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Daktronics, Inc. (NASDAQ:DAKT) Insider Sells $64,725.54 in Stock

Daktronics logo with Manufacturing background

Key Points

  • Insider Sheila Mae Anderson sold 3,839 shares of Daktronics stock for a total of $64,725.54, resulting in an 8.86% decrease in her holdings.
  • The company's stock price dropped by 0.5% to $16.92, with a market capitalization of approximately $830.94 million.
  • Analysts recently downgraded Daktronics from a "buy" rating to a "hold" rating amid concerns about its financial performance, including a negative net margin of 1.34% for the last quarter.
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Daktronics, Inc. (NASDAQ:DAKT - Get Free Report) insider Sheila Mae Anderson sold 3,839 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $16.86, for a total transaction of $64,725.54. Following the completion of the sale, the insider owned 39,495 shares of the company's stock, valued at approximately $665,885.70. This represents a 8.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Daktronics Stock Down 0.5%

DAKT traded down $0.08 on Monday, hitting $16.92. The company had a trading volume of 189,106 shares, compared to its average volume of 425,996. The stock has a market capitalization of $830.94 million, a price-to-earnings ratio of -38.45, a P/E/G ratio of 0.56 and a beta of 1.65. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.60 and a current ratio of 2.22. The stock has a fifty day moving average price of $15.53 and a 200-day moving average price of $14.56. Daktronics, Inc. has a 12-month low of $10.24 and a 12-month high of $19.89.

Daktronics (NASDAQ:DAKT - Get Free Report) last issued its quarterly earnings data on Wednesday, June 25th. The technology company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.18. Daktronics had a negative net margin of 1.34% and a positive return on equity of 15.29%. The firm had revenue of $172.55 million for the quarter, compared to the consensus estimate of $189.10 million. During the same quarter in the previous year, the firm earned $0.27 EPS. Analysts predict that Daktronics, Inc. will post 0.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DAKT. Alta Fox Capital Management LLC lifted its position in Daktronics by 94.3% during the 1st quarter. Alta Fox Capital Management LLC now owns 5,973,599 shares of the technology company's stock worth $72,758,000 after acquiring an additional 2,899,263 shares during the period. Duquesne Family Office LLC lifted its holdings in shares of Daktronics by 16.9% during the first quarter. Duquesne Family Office LLC now owns 3,067,625 shares of the technology company's stock worth $37,364,000 after purchasing an additional 442,520 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Daktronics by 1.0% during the first quarter. Vanguard Group Inc. now owns 2,475,948 shares of the technology company's stock worth $30,157,000 after purchasing an additional 24,984 shares during the period. Progeny 3 Inc. boosted its position in Daktronics by 4.7% in the fourth quarter. Progeny 3 Inc. now owns 2,391,008 shares of the technology company's stock valued at $40,312,000 after buying an additional 106,400 shares during the last quarter. Finally, Breach Inlet Capital Management LLC increased its holdings in Daktronics by 82.6% in the 1st quarter. Breach Inlet Capital Management LLC now owns 1,656,758 shares of the technology company's stock worth $20,179,000 after buying an additional 749,444 shares during the period. 61.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Daktronics from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd.

Check Out Our Latest Report on Daktronics

Daktronics Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Daktronics (NASDAQ:DAKT)

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