Inspire Investing LLC Sells 39,603 Shares of Daktronics, Inc. (NASDAQ:DAKT)

Inspire Investing LLC trimmed its position in Daktronics, Inc. (NASDAQ:DAKT) by 55.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 31,931 shares of the technology company’s stock after selling 39,603 shares during the period. Inspire Investing LLC’s holdings in Daktronics were worth $412,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DAKT. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Daktronics by 92.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,309 shares of the technology company’s stock valued at $32,000 after buying an additional 1,108 shares in the last quarter. CWM LLC boosted its stake in Daktronics by 31.4% during the second quarter. CWM LLC now owns 3,646 shares of the technology company’s stock worth $51,000 after acquiring an additional 872 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in Daktronics by 150.0% in the second quarter. Hexagon Capital Partners LLC now owns 4,000 shares of the technology company’s stock worth $56,000 after purchasing an additional 2,400 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Daktronics during the first quarter valued at approximately $105,000. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of Daktronics during the first quarter valued at approximately $109,000. Institutional investors own 61.69% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on DAKT. Singular Research upgraded Daktronics to a “strong-buy” rating in a research note on Monday, September 9th. StockNews.com raised Daktronics from a “hold” rating to a “buy” rating in a research note on Monday.

Daktronics Stock Up 0.7 %

NASDAQ:DAKT opened at $13.71 on Friday. The firm has a 50-day simple moving average of $13.50 and a two-hundred day simple moving average of $12.36. The firm has a market cap of $634.72 million, a P/E ratio of 22.48, a P/E/G ratio of 0.47 and a beta of 1.14. Daktronics, Inc. has a fifty-two week low of $7.20 and a fifty-two week high of $15.97. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.48 and a current ratio of 2.17.

Daktronics (NASDAQ:DAKT) last announced its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. Daktronics had a net margin of 1.29% and a return on equity of 19.92%. The company had revenue of $226.09 million during the quarter, compared to analyst estimates of $216.84 million. Analysts predict that Daktronics, Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Transactions at Daktronics

In related news, VP Matthew John Kurtenbach sold 15,400 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $13.28, for a total transaction of $204,512.00. Following the sale, the vice president now directly owns 2,500 shares of the company’s stock, valued at $33,200. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Matthew John Kurtenbach sold 15,400 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $13.28, for a total value of $204,512.00. Following the sale, the vice president now owns 2,500 shares in the company, valued at approximately $33,200. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Bradley T. Wiemann sold 25,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $12.89, for a total transaction of $322,250.00. Following the sale, the executive vice president now owns 85,446 shares of the company’s stock, valued at approximately $1,101,398.94. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,872 shares of company stock worth $608,838 over the last quarter. 8.30% of the stock is currently owned by insiders.

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.