Even if it's not a huge purchase, we think it was good to see that Reece Kurtenbach, the Chairman of Daktronics, Inc. (NASDAQ:DAKT) recently shelled out US$61k to buy stock, at US$6.10 per share. However, we do note that it only increased their holding by 2.4%, and it wasn't a huge purchase by absolute value, either.
Daktronics Insider Transactions Over The Last Year
Notably, that recent purchase by Reece Kurtenbach is the biggest insider purchase of Daktronics shares that we've seen in the last year. That implies that an insider found the current price of US$6.34 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Daktronics share holders is that insiders were buying at near the current price.
In the last twelve months Daktronics insiders were buying shares, but not selling. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Daktronics Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Insiders own 11% of Daktronics shares, worth about US$32m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Daktronics Insider Transactions Indicate?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Daktronics shares, given these transactions (along with notable insider ownership of the company). Of course, the future is what matters most. So if you are interested in Daktronics, you should check out this free report on analyst forecasts for the company.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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