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

Daktronics, Inc. (NASDAQ:DAKT) Director Andrew David Siegel bought 7,200 shares of Daktronics stock in a transaction on Monday, March 31st. The shares were purchased at an average cost of $11.82 per share, with a total value of $85,104.00. Following the acquisition, the director now directly owns 40,946 shares of the company’s stock, valued at approximately $483,981.72. The trade was a 21.34 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Daktronics Price Performance

Shares of NASDAQ:DAKT traded up $0.14 during midday trading on Monday, hitting $12.18. The company’s stock had a trading volume of 1,342,111 shares, compared to its average volume of 476,600. Daktronics, Inc. has a 12-month low of $8.81 and a 12-month high of $19.89. The company has a market cap of $637.46 million, a P/E ratio of 48.72, a price-to-earnings-growth ratio of 0.57 and a beta of 1.12. 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 business’s 50 day simple moving average is $14.88 and its 200 day simple moving average is $14.93.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Daktronics by 133.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 77,411 shares of the technology company’s stock valued at $1,305,000 after purchasing an additional 44,307 shares during the last quarter. Union Square Park Capital Management LLC acquired a new stake in shares of Daktronics in the 4th quarter worth $1,096,000. Sherbrooke Park Advisers LLC purchased a new position in shares of Daktronics during the 4th quarter worth $330,000. ProShare Advisors LLC acquired a new position in shares of Daktronics during the 4th quarter valued at about $190,000. Finally, Progeny 3 Inc. grew its holdings in shares of Daktronics by 4.7% in the fourth quarter. Progeny 3 Inc. now owns 2,391,008 shares of the technology company’s stock valued at $40,312,000 after purchasing an additional 106,400 shares during the period. 61.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum assumed coverage on Daktronics in a research report on Wednesday, January 22nd. They set a “buy” rating and a $26.00 price target for the company.

Daktronics Company Profile

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.