Daktronics, Inc. (NASDAQ:DAKT) CEO Reece A. Kurtenbach Sells 15,000 Shares

Daktronics, Inc. (NASDAQ:DAKT) CEO Reece A. Kurtenbach sold 15,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $13.87, for a total value of $208,050.00. Following the completion of the transaction, the chief executive officer now directly owns 457,963 shares in the company, valued at approximately $6,351,946.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Daktronics Stock Down 3.0 %

Shares of NASDAQ:DAKT opened at $13.05 on Friday. The business’s 50 day moving average is $11.42 and its 200 day moving average is $9.60. The company has a quick ratio of 1.37, a current ratio of 2.09 and a debt-to-equity ratio of 0.31. The stock has a market cap of $604.22 million, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 0.40 and a beta of 1.12. Daktronics, Inc. has a 52-week low of $5.99 and a 52-week high of $14.58.

Institutional Trading of Daktronics

A number of hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its holdings in Daktronics by 11.3% during the third quarter. Public Employees Retirement System of Ohio now owns 23,600 shares of the technology company’s stock worth $211,000 after buying an additional 2,400 shares during the period. New York State Teachers Retirement System purchased a new stake in Daktronics during the first quarter worth $34,000. Watershed Asset Management L.L.C. lifted its holdings in Daktronics by 12.7% during the fourth quarter. Watershed Asset Management L.L.C. now owns 32,326 shares of the technology company’s stock worth $274,000 after buying an additional 3,655 shares during the period. SG Americas Securities LLC lifted its holdings in Daktronics by 26.9% during the fourth quarter. SG Americas Securities LLC now owns 20,815 shares of the technology company’s stock worth $177,000 after buying an additional 4,416 shares during the period. Finally, Gabelli Funds LLC lifted its holdings in Daktronics by 7.2% during the fourth quarter. Gabelli Funds LLC now owns 69,700 shares of the technology company’s stock worth $591,000 after buying an additional 4,700 shares during the period. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Daktronics Company Profile

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.