Insider Buying: Daktronics, Inc. (NASDAQ:DAKT) Director Purchases 7,200 Shares of Stock

Daktronics, Inc. (NASDAQ:DAKT) Director Andrew David Siegel acquired 7,200 shares of the company’s stock in a transaction on Monday, March 31st. The shares were acquired at an average price of $11.82 per share, for a total transaction of $85,104.00. Following the completion of the acquisition, the director now directly owns 40,946 shares in the company, valued at $483,981.72. The trade was a 21.34 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Daktronics Stock Performance

Shares of DAKT stock opened at $13.25 on Thursday. The stock has a market capitalization of $693.47 million, a price-to-earnings ratio of 53.00, a PEG ratio of 0.57 and a beta of 1.12. Daktronics, Inc. has a one year low of $8.81 and a one year high of $19.89. The company’s 50-day simple moving average is $14.63 and its 200-day simple moving average is $14.92. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.67 and a current ratio of 2.35.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DAKT. Charles Schwab Investment Management Inc. increased its holdings in shares of Daktronics by 76.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 451,873 shares of the technology company’s stock valued at $5,834,000 after acquiring an additional 195,830 shares during the last quarter. FMR LLC increased its stake in Daktronics by 5,451.9% during the third quarter. FMR LLC now owns 48,690 shares of the technology company’s stock valued at $629,000 after purchasing an additional 47,813 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Daktronics during the third quarter worth $164,000. PEAK6 Investments LLC lifted its position in shares of Daktronics by 269.9% in the 3rd quarter. PEAK6 Investments LLC now owns 42,073 shares of the technology company’s stock worth $543,000 after buying an additional 30,699 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Daktronics in the 3rd quarter valued at about $427,000. Institutional investors own 61.69% of the company’s stock.

Analyst Ratings Changes

Separately, Craig Hallum began coverage on shares of Daktronics in a research note on Wednesday, January 22nd. They issued a “buy” rating and a $26.00 price target for the company.

About Daktronics

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.