Daktronics, Inc. (NASDAQ:DAKT) Director Andrew David Siegel Acquires 7,200 Shares

Daktronics, Inc. (NASDAQ:DAKT) Director Andrew David Siegel bought 7,200 shares of the stock in a transaction on Monday, March 31st. The stock was purchased at an average cost of $11.82 per share, with a total value of $85,104.00. Following the completion of the purchase, the director now directly owns 40,946 shares in the company, valued at $483,981.72. This trade represents a 21.34 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Daktronics Price Performance

Daktronics stock opened at $12.88 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.67 and a current ratio of 2.35. The company has a market cap of $674.10 million, a price-to-earnings ratio of 51.52, a PEG ratio of 0.57 and a beta of 1.12. Daktronics, Inc. has a 1 year low of $8.81 and a 1 year high of $19.89. The firm has a 50 day moving average price of $14.71 and a 200 day moving average price of $14.93.

Institutional Trading of Daktronics

Several institutional investors have recently made changes to their positions in the stock. Quarry LP boosted its holdings in Daktronics by 75.6% in the third quarter. Quarry LP now owns 2,297 shares of the technology company’s stock valued at $30,000 after acquiring an additional 989 shares during the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of Daktronics by 29.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,192 shares of the technology company’s stock worth $71,000 after purchasing an additional 965 shares during the period. Virtus Fund Advisers LLC acquired a new position in shares of Daktronics in the 3rd quarter valued at about $75,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Daktronics during the 4th quarter worth about $125,000. Finally, Knott David M Jr acquired a new stake in Daktronics during the 4th quarter worth approximately $132,000. 61.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Craig Hallum began coverage on Daktronics in a research report on Wednesday, January 22nd. They issued a “buy” rating and a $26.00 price objective 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.