Key Points
- CAO Erik Bradbury sold 7,268 shares on Feb. 19 at an average of $22.50 for $163,530, cutting his stake by 16.52% to 36,736 shares, according to the SEC filing.
- Director Harry Sloan bought 100,000 shares (~$2.185M), increasing his stake roughly 40%, a bullish insider signal that contrasts with the CAO sale.
- Mixed analyst signals: several brokers trimmed price targets and Zacks put DKNG on a "Strong Sell" list, yet the consensus remains a "Moderate Buy" with an average target of $37.89.
DraftKings Inc. (NASDAQ:DKNG - Get Free Report) CAO Erik Bradbury sold 7,268 shares of the business's stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $22.50, for a total value of $163,530.00. Following the completion of the transaction, the chief accounting officer owned 36,736 shares in the company, valued at $826,560. The trade was a 16.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
DraftKings Stock Down 0.8%
Shares of DKNG stock opened at $22.31 on Friday. The stock has a market cap of $11.00 billion, a P/E ratio of -557.75, a PEG ratio of 0.92 and a beta of 1.67. The company's fifty day simple moving average is $30.95 and its two-hundred day simple moving average is $35.48. The company has a quick ratio of 1.09, a current ratio of 1.03 and a debt-to-equity ratio of 2.91. DraftKings Inc. has a 52 week low of $21.01 and a 52 week high of $49.59.
Key DraftKings News
Here are the key news stories impacting DraftKings this week:
- Positive Sentiment: Director Harry Sloan bought 100,000 shares (~$2.185M), increasing his stake ~40% — a strong insider signal that can bolster investor confidence. Harry Sloan SEC filing
- Positive Sentiment: Barclays published a buy rating on DraftKings, providing institutional validation that likely helped limit the selloff. Barclays buy note
- Neutral Sentiment: Regulatory/market expansion note — FanDuel and DraftKings are exploring a launch in Arkansas; potential new-state entry is positive for long-term growth but timing and economics remain uncertain. Arkansas launch coverage
- Neutral Sentiment: Short-interest posts in recent feeds show zero/invalid values (data glitch), so short-interest signals aren’t currently informative for today's move. (Reported days-to-cover = 0.0.)
- Negative Sentiment: Multiple major brokers trimmed price targets (Needham, Oppenheimer, JPMorgan, Citi, Truist, Mizuho and others), with Needham cutting its PT to $35 after a Q4 earnings miss and weaker FY26 revenue guidance — this raises near-term downside pressure. Needham PT cut
- Negative Sentiment: Zacks added DKNG to its Rank #5 (Strong Sell) list, a headline that can trigger short-term selling from momentum and quant funds. Zacks strong sell list
- Negative Sentiment: Insider selling by CAO Erik Bradbury (7,268 shares) was disclosed; while small versus the Sloan buy, insider sales can be interpreted as mixed insider signals and add to bearish headlines. Bradbury SEC filing
Analysts Set New Price Targets
Several research analysts recently commented on DKNG shares. Benchmark reduced their price target on shares of DraftKings from $37.00 to $29.00 and set a "buy" rating on the stock in a research note on Friday, February 13th. Morgan Stanley boosted their target price on shares of DraftKings from $50.00 to $53.00 and gave the stock an "overweight" rating in a report on Friday, January 16th. Bank of America dropped their target price on DraftKings from $37.50 to $30.00 and set a "neutral" rating on the stock in a research note on Friday, February 13th. Truist Financial decreased their price target on shares of DraftKings from $45.00 to $33.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of DraftKings in a research report on Sunday, February 15th. Twenty-four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $37.89.
Get Our Latest Research Report on DKNG
Hedge Funds Weigh In On DraftKings
Institutional investors have recently bought and sold shares of the company. Dagco Inc. purchased a new stake in shares of DraftKings during the fourth quarter worth $26,000. Ameriflex Group Inc. boosted its holdings in DraftKings by 100.0% in the third quarter. Ameriflex Group Inc. now owns 810 shares of the company's stock valued at $30,000 after purchasing an additional 405 shares in the last quarter. Root Financial Partners LLC purchased a new position in shares of DraftKings in the 3rd quarter valued at $33,000. Asset Dedication LLC purchased a new position in shares of DraftKings during the third quarter worth about $37,000. Finally, Montag A & Associates Inc. increased its position in DraftKings by 82.5% during the fourth quarter. Montag A & Associates Inc. now owns 1,106 shares of the company's stock worth $38,000 after buying an additional 500 shares during the period. 37.70% of the stock is owned by institutional investors and hedge funds.
About DraftKings
(
Get Free Report)
DraftKings Inc is a leading digital sports entertainment and gaming company specializing in daily fantasy sports, sports betting and iGaming products. The company provides an integrated platform where users can participate in daily fantasy contests, place wagers on professional sports events, and enjoy a range of online casino-style games. DraftKings' proprietary technology supports real-time odds, live scoring and advanced analytics to enhance the user experience across mobile and desktop applications.
Founded in 2012 by co-founders Jason Robins, Matthew Kalish and Paul Liberman, DraftKings began as a daily fantasy sports provider and rapidly expanded into regulated sports betting following legislative changes in the United States.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
