Published on 19 Feb 2024 on Simply Wall St. via Yahoo Finance
With 64% ownership, Daktronics, Inc. (NASDAQ:DAKT) boasts of strong institutional backing
Key Insights
Given the large stake in the stock by institutions, Daktronics' stock price might be vulnerable to their trading decisions50% of the business is held by the top 16 shareholders Insider ownership in Daktronics is 12%
If you want to know who really controls Daktronics, Inc. (NASDAQ:DAKT), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 64% to be precise, is institutions. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).