DraftKings (NASDAQ:DKNG) CAO Sells $163,530.00 in Stock

DraftKings Inc. (NASDAQ:DKNG) CAO Erik Bradbury sold 7,268 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $22.50, for a total transaction of $163,530.00. Following the completion of the sale, the chief accounting officer directly owned 36,736 shares of the company’s stock, valued at approximately $826,560. This trade represents a 16.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

DraftKings Trading Down 0.8%

Shares of DraftKings stock opened at $22.31 on Monday. The company has a market capitalization of $11.00 billion, a P/E ratio of -557.75, a P/E/G ratio of 0.92 and a beta of 1.67. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.03 and a current ratio of 1.03. The company has a fifty day moving average of $30.95 and a 200 day moving average of $35.34. DraftKings Inc. has a fifty-two week low of $21.01 and a fifty-two week high of $49.59.

Wall Street Analyst Weigh In

DKNG has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered their price target on DraftKings from $54.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Barclays lowered their target price on shares of DraftKings from $44.00 to $37.00 and set an “overweight” rating on the stock in a report on Tuesday, February 17th. JPMorgan Chase & Co. cut their target price on shares of DraftKings from $41.00 to $32.00 and set an “overweight” rating for the company in a research note on Tuesday, February 17th. Susquehanna set a $33.00 price target on shares of DraftKings in a research note on Tuesday, February 17th. Finally, Benchmark dropped their price objective on shares of DraftKings from $37.00 to $29.00 and set a “buy” rating for the company in a report on Friday, February 13th. Twenty-four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, DraftKings presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.89.

Hedge Funds Weigh In On DraftKings

Institutional investors have recently bought and sold shares of the business. Dagco Inc. purchased a new stake in shares of DraftKings during the 4th quarter valued at about $26,000. Ameriflex Group Inc. increased its stake in DraftKings by 100.0% during the third quarter. Ameriflex Group Inc. now owns 810 shares of the company’s stock worth $30,000 after acquiring an additional 405 shares during the last quarter. Root Financial Partners LLC bought a new stake in DraftKings during the third quarter worth approximately $33,000. Asset Dedication LLC purchased a new stake in DraftKings during the third quarter valued at approximately $37,000. Finally, Montag A & Associates Inc. lifted its stake in shares of DraftKings by 82.5% in the 4th quarter. Montag A & Associates Inc. now owns 1,106 shares of the company’s stock valued at $38,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 37.70% of the company’s stock.

DraftKings News Summary

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

About DraftKings

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.