Daktronics, Inc. (NASDAQ:DAKT) CEO Reece A. Kurtenbach Buys 10,000 Shares

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Daktronics, Inc. (NASDAQ:DAKT) CEO Reece A. Kurtenbach purchased 10,000 shares of the business’s stock in a transaction on Friday, June 26th. The stock was bought at an average cost of $3.98 per share, with a total value of $39,800.00. Following the purchase, the chief executive officer now owns 391,643 shares in the company, valued at $1,558,739.14. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

DAKT opened at $4.29 on Wednesday. The stock has a 50-day moving average price of $4.36 and a 200-day moving average price of $5.12. Daktronics, Inc. has a 12-month low of $3.69 and a 12-month high of $7.95. The company has a current ratio of 1.73, a quick ratio of 1.13 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $193.38 million, a P/E ratio of 214.50 and a beta of 0.69.

Daktronics (NASDAQ:DAKT) last released its earnings results on Wednesday, June 10th. The technology company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.05. The company had revenue of $126.11 million during the quarter. Daktronics had a return on equity of 0.26% and a net margin of 0.08%.

Several institutional investors and hedge funds have recently made changes to their positions in DAKT. Rhumbline Advisers boosted its stake in shares of Daktronics by 2.3% in the 4th quarter. Rhumbline Advisers now owns 123,741 shares of the technology company’s stock valued at $754,000 after purchasing an additional 2,822 shares in the last quarter. Swiss National Bank lifted its stake in Daktronics by 5.2% in the fourth quarter. Swiss National Bank now owns 73,100 shares of the technology company’s stock worth $445,000 after purchasing an additional 3,600 shares during the last quarter. State Street Corp lifted its stake in Daktronics by 8.0% in the fourth quarter. State Street Corp now owns 1,133,477 shares of the technology company’s stock worth $6,903,000 after purchasing an additional 84,371 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Daktronics by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 233,754 shares of the technology company’s stock valued at $1,424,000 after buying an additional 2,620 shares during the period. Finally, Barclays PLC grew its stake in shares of Daktronics by 17.0% during the fourth quarter. Barclays PLC now owns 128,448 shares of the technology company’s stock valued at $782,000 after buying an additional 18,644 shares during the last quarter. Hedge funds and other institutional investors own 57.94% of the company’s stock.

Separately, ValuEngine raised shares of Daktronics from a “hold” rating to a “buy” rating in a report on Wednesday, March 25th.

About Daktronics

Daktronics, Inc designs, manufactures, and sells a range of electronic display systems and related products worldwide. It operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers video display systems, such as displays to show various levels of video, graphics, and animation; LED ribbon board displays; mobile and modular display systems; freeform LED displays, which include architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms.

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