Walleye Capital LLC Sells 8,630 Shares of Daktronics, Inc. (NASDAQ:DAKT)

Walleye Capital LLC trimmed its stake in Daktronics, Inc. (NASDAQ:DAKT) by 45.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,194 shares of the technology company’s stock after selling 8,630 shares during the period. Walleye Capital LLC’s holdings in Daktronics were worth $132,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in DAKT. Northwestern Mutual Wealth Management Co. increased its position in Daktronics by 92.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,309 shares of the technology company’s stock worth $32,000 after buying an additional 1,108 shares during the period. CWM LLC grew its holdings in shares of Daktronics by 31.4% during the 2nd quarter. CWM LLC now owns 3,646 shares of the technology company’s stock worth $51,000 after purchasing an additional 872 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in shares of Daktronics during the 1st quarter worth approximately $109,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Daktronics during the 3rd quarter worth approximately $164,000. Finally, Atria Investments Inc acquired a new stake in shares of Daktronics during the 3rd quarter worth approximately $171,000. 61.69% of the stock is owned by institutional investors.

Insider Activity at Daktronics

In other Daktronics news, EVP Bradley T. Wiemann sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $12.89, for a total value of $322,250.00. Following the completion of the transaction, the executive vice president now directly owns 85,446 shares in the company, valued at $1,101,398.94. This trade represents a 22.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the transaction, the vice president now owns 2,500 shares of the company’s stock, valued at approximately $33,200. This represents a 86.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by corporate insiders.

Daktronics Price Performance

Daktronics stock opened at $18.69 on Thursday. The firm has a market cap of $878.17 million, a P/E ratio of 74.76, a P/E/G ratio of 0.73 and a beta of 1.19. Daktronics, Inc. has a 52 week low of $7.20 and a 52 week high of $19.89. 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 fifty day moving average is $14.64 and its two-hundred day moving average is $13.69.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. StockNews.com raised Daktronics from a “hold” rating to a “buy” rating in a report on Monday, October 14th. Singular Research raised Daktronics to a “strong-buy” rating in a report on Monday, September 9th.

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.