Inspire Investing LLC Has $1.30 Million Position in Daktronics, Inc. $DAKT

Key Points

• Inspire Investing LLC significantly increased its holdings in Daktronics, Inc. by 206.3%, owning about 86,188 shares worth approximately $1.30 million as of the latest SEC filing.
• Recent insider transactions included the sale of 13,479 shares by Director John Patrick Friel, reducing his position by 15.39% and highlighting ongoing changes in insider ownership.
• After surpassing earnings expectations with an EPS of $0.33, Daktronics has received upgraded ratings, including a "strong-buy" recommendation from both Zacks Research and Wall Street Zen.

Inspire Investing LLC grew its holdings in Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 206.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 86,188 shares of the technology company's stock after purchasing an additional 58,047 shares during the quarter. Inspire Investing LLC owned about 0.18% of Daktronics worth $1,303,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in Daktronics by 4.0% during the 1st quarter. Principal Financial Group Inc. now owns 23,311 shares of the technology company's stock worth $284,000 after buying an additional 898 shares in the last quarter. SummerHaven Investment Management LLC raised its position in shares of Daktronics by 2.0% during the second quarter. SummerHaven Investment Management LLC now owns 57,501 shares of the technology company's stock worth $869,000 after acquiring an additional 1,146 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Daktronics by 6.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,210 shares of the technology company's stock worth $295,000 after acquiring an additional 1,476 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Daktronics by 3.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 76,599 shares of the technology company's stock worth $1,158,000 after acquiring an additional 2,360 shares during the last quarter. Finally, XTX Topco Ltd raised its position in shares of Daktronics by 17.2% during the first quarter. XTX Topco Ltd now owns 17,469 shares of the technology company's stock worth $213,000 after acquiring an additional 2,566 shares during the last quarter. Institutional investors and hedge funds own 61.69% of the company's stock.

Insider Transactions at Daktronics

In other news, Director John Patrick Friel sold 13,479 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $23.58, for a total transaction of $317,834.82. Following the completion of the transaction, the director directly owned 74,094 shares in the company, valued at approximately $1,747,136.52. The trade was a 15.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sheila Mae Anderson sold 3,839 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $16.86, for a total value of $64,725.54. Following the transaction, the insider owned 39,495 shares of the company's stock, valued at $665,885.70. The trade was a 8.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,262 shares of company stock worth $612,167. 5.30% of the stock is currently owned by company insiders.

Daktronics Price Performance

Daktronics stock opened at $19.16 on Friday. The firm has a market capitalization of $929.83 million, a P/E ratio of 31.93, a PEG ratio of 0.59 and a beta of 1.69. Daktronics, Inc. has a 1 year low of $10.24 and a 1 year high of $24.38. The business has a 50-day moving average of $18.98 and a 200-day moving average of $15.95. The company has a current ratio of 2.07, a quick ratio of 1.54 and a debt-to-equity ratio of 0.19.

Daktronics (NASDAQ:DAKT - Get Free Report) last posted its earnings results on Wednesday, September 10th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.09. The company had revenue of $218.97 million during the quarter, compared to analyst estimates of $196.90 million. Daktronics had a return on equity of 14.64% and a net margin of 1.51%. On average, equities analysts anticipate that Daktronics, Inc. will post 0.96 EPS for the current year.

Analysts Set New Price Targets

DAKT has been the subject of a number of recent research reports. Zacks Research upgraded Daktronics from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 11th. Weiss Ratings restated a "hold (c-)" rating on shares of Daktronics in a research report on Wednesday. Finally, Wall Street Zen upgraded Daktronics from a "buy" rating to a "strong-buy" rating in a research report on Sunday, September 14th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $26.00.

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.

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