New insider activity at Daktronics ( (DAKT) ) has taken place on April 1, 2025.
Director Andrew David Siegel has made a significant move by purchasing 7,200 shares of Daktronics stock, with the transaction valued at $85,140.
Recent Updates on DAKT stock
In the last 24 hours, Daktronics announced an additional $10 million authorization for its stock buyback program, reflecting confidence in its long-term strategy despite recent financial challenges. The company’s Q3 earnings report revealed a 12.2% decrease in sales and an operating loss of $3.6 million, attributed to lower sales volumes in live events and increased costs from business transformation efforts. However, Daktronics maintained a stable gross profit margin and reported sequential order growth, particularly in the commercial segment and international markets. The leadership transition, with Brad Wiemann as interim CEO, and strategic initiatives focused on digital transformation and operational efficiency, aim to drive future growth. The company remains optimistic about long-term demand for digital displays, despite near-term challenges from government policy changes and project booking delays.
More about Daktronics
YTD Price Performance: -27.95%
Average Trading Volume: 432,145
Technical Sentiment Signal: Hold
Current Market Cap: $600.7M