Harry Sloan Purchases 100,000 Shares of DraftKings (NASDAQ:DKNG) Stock

DraftKings Inc. (NASDAQ:DKNG) Director Harry Sloan acquired 100,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were bought at an average price of $21.85 per share, for a total transaction of $2,185,000.00. Following the completion of the purchase, the director owned 350,219 shares in the company, valued at approximately $7,652,285.15. This represents a 39.96% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

DraftKings Stock Performance

NASDAQ DKNG opened at $22.49 on Friday. The company has a fifty day moving average price of $31.22 and a 200-day moving average price of $35.64. The firm has a market cap of $11.09 billion, a price-to-earnings ratio of -562.25, a PEG ratio of 0.46 and a beta of 1.67. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.03 and a quick ratio of 1.09. DraftKings Inc. has a 1 year low of $21.01 and a 1 year high of $50.50.

DraftKings News Summary

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Director Harry Sloan bought 100,000 shares at about $21.85, increasing his stake ~40% — a material insider purchase that can signal management confidence and support demand under the stock. Harry Sloan Acquires 100,000 Shares of DraftKings (NASDAQ:DKNG) Stock
• Positive Sentiment: Barclays reiterated a Buy, offering institutional validation that may attract buyers despite mixed Street sentiment. DraftKings (DKNG) Gets a Buy from Barclays
• Neutral Sentiment: DraftKings and FanDuel are weighing a launch in Arkansas; entry could add growth but the state’s strict revenue‑sharing model may limit near‑term margin/earnings impact. FanDuel and DraftKings eye Arkansas sports betting launch despite strict revenue-sharing model
• Negative Sentiment: Multiple brokers cut price targets after Q4 2025 results and a reduced FY2026 revenue outlook — Needham cut its PT to $35 (from $52), JPMorgan to $32, Oppenheimer to $35, Mizuho to $44 and others issued lower targets or more cautious commentary. These cuts lower near‑term upside expectations and are the main driver of today’s weakness. Needham Lowers DraftKings (DKNG) PT to $35 Following Earnings Miss, Reduced Revenue Outlook
• Negative Sentiment: Broader Street skepticism (Goldman, Citi, Truist flagged downside/pessimism) and negative commentary pieces are pressuring retail sentiment and may amplify selling into the weaker technicals (stock near its 52‑week low and below 50/200‑day averages). The Goldman Sachs Group Issues Pessimistic Forecast for DraftKings (NASDAQ:DKNG) Stock Price

Analyst Upgrades and Downgrades

DKNG has been the topic of several recent analyst reports. Benchmark dropped their target price on shares of DraftKings from $37.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Susquehanna set a $33.00 price target on DraftKings in a report on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of DraftKings in a research report on Wednesday, January 21st. Mizuho reduced their price objective on DraftKings from $46.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Stifel Nicolaus lowered their target price on DraftKings from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday. Twenty-four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.89.

Institutional Investors Weigh In On DraftKings

Institutional investors have recently added to or reduced their stakes in the business. IHT Wealth Management LLC raised its stake in DraftKings by 4.1% during the second quarter. IHT Wealth Management LLC now owns 6,271 shares of the company’s stock worth $269,000 after purchasing an additional 248 shares during the period. Orion Porfolio Solutions LLC increased its holdings in shares of DraftKings by 3.1% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 10,608 shares of the company’s stock worth $397,000 after buying an additional 321 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of DraftKings by 7.3% during the 3rd quarter. Geneos Wealth Management Inc. now owns 4,793 shares of the company’s stock valued at $179,000 after buying an additional 328 shares during the period. Valeo Financial Advisors LLC lifted its holdings in DraftKings by 3.6% in the second quarter. Valeo Financial Advisors LLC now owns 10,009 shares of the company’s stock valued at $429,000 after acquiring an additional 348 shares during the last quarter. Finally, Huntleigh Advisors Inc. lifted its holdings in DraftKings by 0.8% in the third quarter. Huntleigh Advisors Inc. now owns 43,630 shares of the company’s stock valued at $1,632,000 after acquiring an additional 363 shares during the last quarter. 37.70% of the stock is owned by hedge funds and other institutional investors.

DraftKings Company Profile

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.