DraftKings (NASDAQ:DKNG) CAO Erik Bradbury Sells 7,268 Shares

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

DraftKings Stock Down 0.8%

NASDAQ:DKNG opened at $22.31 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.09 and a debt-to-equity ratio of 2.91. DraftKings Inc. has a 1 year low of $21.01 and a 1 year high of $49.59. The stock has a 50-day moving average price of $30.95 and a two-hundred day moving average price of $35.48. The stock has a market cap of $11.00 billion, a price-to-earnings ratio of -557.75, a PEG ratio of 0.92 and a beta of 1.67.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Truist Financial reduced their target price on DraftKings from $45.00 to $33.00 and set a “buy” rating for the company in a research note on Tuesday. Weiss Ratings restated a “sell (d-)” rating on shares of DraftKings in a research note on Wednesday, January 21st. Mizuho cut their price target on shares of DraftKings from $46.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday. Canaccord Genuity Group reduced their price objective on DraftKings from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Finally, BTIG Research lowered their price target on shares of DraftKings from $45.00 to $37.00 and set a “buy” rating for the company in a report on Friday, February 13th. Twenty-four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $37.89.

Institutional Investors Weigh In On DraftKings

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nordea Investment Management AB lifted its stake in shares of DraftKings by 1,996.2% in the 3rd quarter. Nordea Investment Management AB now owns 421,127 shares of the company’s stock valued at $16,205,000 after purchasing an additional 401,037 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in DraftKings by 1.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,473,099 shares of the company’s stock worth $279,494,000 after acquiring an additional 79,152 shares during the last quarter. Helios Capital Management PTE. Ltd. raised its position in DraftKings by 926.0% in the 2nd quarter. Helios Capital Management PTE. Ltd. now owns 114,000 shares of the company’s stock worth $4,889,000 after buying an additional 102,889 shares during the last quarter. Claro Advisors LLC lifted its position in DraftKings by 121.4% during the second quarter. Claro Advisors LLC now owns 39,915 shares of the company’s stock valued at $1,712,000 after purchasing an additional 21,890 shares during the period. Finally, Swiss National Bank boosted its stake in shares of DraftKings by 10.0% in the 2nd quarter. Swiss National Bank now owns 1,361,964 shares of the company’s stock worth $58,415,000 after buying an additional 124,200 shares during the last quarter. 37.70% of the stock is currently owned by institutional investors.

More 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

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.