DraftKings (NASDAQ:DKNG) CAO Sells $21,834.46 in Stock

DraftKings Inc. (NASDAQ:DKNG) CAO Erik Bradbury sold 862 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $25.33, for a total value of $21,834.46. Following the transaction, the chief accounting officer owned 38,168 shares in the company, valued at approximately $966,795.44. This trade represents a 2.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Erik Bradbury also recently made the following trade(s):

• On Tuesday, March 3rd, Erik Bradbury sold 2,883 shares of DraftKings stock. The stock was sold at an average price of $24.56, for a total value of $70,806.48.

DraftKings Price Performance

Shares of NASDAQ DKNG opened at $25.12 on Monday. The firm has a market cap of $12.46 billion, a P/E ratio of 418.67 and a beta of 1.67. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.03. DraftKings Inc. has a 1-year low of $20.46 and a 1-year high of $48.78. The business’s 50 day moving average is $23.68 and its 200-day moving average is $27.92.

DraftKings (NASDAQ:DKNG) last announced its earnings results on Friday, May 8th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. DraftKings had a return on equity of 13.51% and a net margin of 0.93%.DraftKings’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.07) EPS. Equities research analysts predict that DraftKings Inc. will post 0.62 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DKNG. Viking Global Investors LP acquired a new position in shares of DraftKings in the 3rd quarter valued at about $561,125,000. Capital World Investors increased its position in DraftKings by 181.4% in the 4th quarter. Capital World Investors now owns 18,626,429 shares of the company’s stock valued at $641,867,000 after buying an additional 12,008,357 shares in the last quarter. Janus Henderson Group PLC increased its position in DraftKings by 50.8% in the 4th quarter. Janus Henderson Group PLC now owns 25,313,909 shares of the company’s stock valued at $858,893,000 after buying an additional 8,524,923 shares in the last quarter. Norges Bank bought a new stake in DraftKings in the 4th quarter valued at about $284,466,000. Finally, Spruce House Investment Management LLC increased its position in DraftKings by 129.6% in the 1st quarter. Spruce House Investment Management LLC now owns 9,650,000 shares of the company’s stock valued at $208,633,000 after buying an additional 5,446,166 shares in the last quarter. 37.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Morgan Stanley restated an “overweight” rating on shares of DraftKings in a research note on Thursday. Citigroup raised their target price on DraftKings from $29.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Freedom Capital upgraded DraftKings to a “strong-buy” rating in a research report on Wednesday, May 20th. Northland Securities set a $27.00 price objective on DraftKings in a research report on Monday, May 11th. Finally, UBS Group reaffirmed a “buy” rating and set a $43.00 target price on shares of DraftKings in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $34.32.

Key DraftKings News

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Freedom Capital Markets initiated coverage on DraftKings with a buy/strong-buy stance, citing upside tied to the company’s prediction market opportunity and improving growth outlook. DraftKings, FanDuel Back $9.3 Million Alabama Political Push
• Positive Sentiment: Investor focus remains on DraftKings’ Q1 2026 revenue of $1.65 billion, up 17% year over year, supported by strong customer acquisition, consumer engagement, and improved sportsbook margins. DraftKings (DKNG) Reports Q1 2026 Revenue of $1.65B, Up 17% YoY
• Positive Sentiment: Wall Street’s average price target still implies roughly 34% upside, reinforcing the bullish case despite recent volatility. Can DraftKings (DKNG) Climb 33.99% to Reach the Level Wall Street Analysts Expect?
• Neutral Sentiment: Zacks Research upgraded DraftKings from strong sell to hold, an incremental improvement but not a strong conviction call. DraftKings was upgraded by Zacks Research from strong sell to hold
• Neutral Sentiment: DraftKings remains a trending stock with elevated investor interest, which can add trading momentum but does not by itself change fundamentals. DraftKings Inc. (DKNG) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Insider selling was reported, including a director sale and a CAO sale under a Rule 10b5-1 plan, which may modestly weigh on sentiment even if the transactions were pre-arranged. CAO Erik Bradbury sold shares
• Negative Sentiment: Earlier commentary on DraftKings highlighted the stock’s prior drop on cautious revenue guidance, reminding investors that execution risk is still part of the story. DraftKings (DKNG) Slid on Cautious Revenue Guidance

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.