Matthew John Kurtenbach Sells 857 Shares of Daktronics, Inc. (NASDAQ:DAKT) Stock

Daktronics, Inc. (NASDAQ:DAKT) VP Matthew John Kurtenbach sold 857 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $13.90, for a total transaction of $11,912.30. Following the completion of the transaction, the vice president now directly owns 208,906 shares in the company, valued at $2,903,793.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Daktronics Price Performance

Shares of NASDAQ DAKT opened at $13.45 on Friday. The firm has a market cap of $622.74 million, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 0.40 and a beta of 1.12. The business’s 50 day moving average is $11.34 and its 200-day moving average is $9.56. The company has a current ratio of 2.09, a quick ratio of 1.37 and a debt-to-equity ratio of 0.31. Daktronics, Inc. has a 1-year low of $5.99 and a 1-year high of $14.58.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Progeny 3 Inc. bought a new position in Daktronics during the first quarter worth about $7,448,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Daktronics during the 1st quarter worth approximately $109,000. Vanguard Group Inc. increased its holdings in shares of Daktronics by 1.8% during the first quarter. Vanguard Group Inc. now owns 2,338,484 shares of the technology company’s stock worth $23,291,000 after purchasing an additional 41,076 shares during the period. Anchor Capital Advisors LLC raised its position in shares of Daktronics by 6.6% in the first quarter. Anchor Capital Advisors LLC now owns 145,609 shares of the technology company’s stock valued at $1,450,000 after buying an additional 9,052 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of Daktronics by 115.1% in the first quarter. Empowered Funds LLC now owns 199,066 shares of the technology company’s stock valued at $1,983,000 after buying an additional 106,538 shares during the period. Institutional investors own 61.69% of the company’s stock.

About Daktronics

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.