Daktronics, Inc. (NASDAQ:DAKT - Get Free Report) major shareholder Fox Opportunities Fund L. Alta sold 1,000,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $14.90, for a total transaction of $14,900,000.00. Following the sale, the insider now directly owns 4,973,599 shares in the company, valued at approximately $74,106,625.10. The trade was a 16.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Daktronics Price Performance
DAKT stock traded up $0.90 during trading on Tuesday, hitting $14.07. The stock had a trading volume of 687,289 shares, compared to its average volume of 494,893. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.35 and a quick ratio of 1.67. Daktronics, Inc. has a twelve month low of $10.24 and a twelve month high of $19.89. The stock has a market capitalization of $701.99 million, a P/E ratio of 56.28, a PEG ratio of 0.57 and a beta of 1.56. The company's 50-day moving average price is $13.39 and its two-hundred day moving average price is $14.95.
Institutional Investors Weigh In On Daktronics
Several institutional investors have recently bought and sold shares of DAKT. Summit Investment Advisors Inc. boosted its holdings in Daktronics by 29.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,192 shares of the technology company's stock worth $71,000 after buying an additional 965 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Daktronics in the 1st quarter worth about $81,000. GAMMA Investing LLC boosted its holdings in Daktronics by 5,889.3% in the 1st quarter. GAMMA Investing LLC now owns 7,247 shares of the technology company's stock worth $88,000 after buying an additional 7,126 shares during the last quarter. Quantbot Technologies LP purchased a new position in Daktronics in the 1st quarter worth approximately $90,000. Finally, Virtus Advisers LLC purchased a new position in Daktronics in the 1st quarter worth approximately $107,000. 61.69% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Articles
Before you consider Daktronics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Daktronics wasn't on the list.
While Daktronics currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
