Daktronics VP Brett Wendler buys $3,302 in company stock

Daktronics Inc. (NASDAQ:DAKT) announced on October 31, 2026 that its Vice President of Design & Development, Brett David Wendler, had purchased 206 shares of the company's common stock. The transaction, made through the Employee Stock Purchase Plan, occurred at a price of $16.03 per share, resulting in a total expenditure of $3,302.

The shares have now appreciated to $20.32 each, marking a 27% gain since Wendler's purchase. Analysts at InvestingPro have assigned price targets ranging from $29 to $39 per share, indicating substantial upside potential for the stock.

Wendler's stake in Daktronics now totals 47,385 shares, with an additional 16,918 shares held indirectly through his 401(k) plan. This move comes after Daktronics reported its fiscal first-quarter 2027 earnings, which fell slightly short of Wall Street expectations, with earnings per share at $0.40 and revenue at $234.57 million.

Despite this, the company noted stronger gross margins and increased operating income, assuaging some investor concerns. Daktronics also highlighted its steady progress towards long-term goals, backed by robust profitability and cash generation.

In terms of corporate governance, the company’s board of directors decided to increase the annual base salary of Acting Chief Financial Officer Howard Atkins to $1,200,000, effective September 27, 2026. Additionally, Atkins received a one-time restricted stock unit award valued at $170,000, with vesting contingent on sustained employment and potential promotion to the permanent CFO role. These updates underscore Daktronics’ ongoing commitment to enhancing both its financial standing and leadership structure.