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

DraftKings Inc. (NASDAQ:DKNG) CAO Erik Bradbury sold 7,268 shares of the firm’s stock in a transaction that occurred 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

DraftKings Stock Down 0.8%

Shares of DKNG stock traded down $0.18 on Friday, reaching $22.31. 11,761,105 shares of the company were exchanged, compared to its average volume of 16,734,625. The company has a 50-day moving average of $31.22 and a 200-day moving average of $35.64. DraftKings Inc. has a one year low of $21.01 and a one year high of $49.59. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.03 and a quick ratio of 1.09. The company has a market cap of $11.00 billion, a price-to-earnings ratio of -557.75, a PEG ratio of 0.46 and a beta of 1.67.

Key Stories Impacting DraftKings

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DKNG. Macquarie Infrastructure lowered their price objective on DraftKings from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, November 10th. The Goldman Sachs Group lowered their target price on shares of DraftKings from $54.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday. Northland Securities set a $24.00 price target on shares of DraftKings in a report on Tuesday. Barclays cut their price objective on DraftKings from $44.00 to $37.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Bank of America decreased their target price on DraftKings from $37.50 to $30.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Twenty-four investment 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.89.

Hedge Funds Weigh In On DraftKings

Several large investors have recently modified their holdings of DKNG. Dagco Inc. bought a new stake in DraftKings during the 4th quarter valued at $26,000. Ameriflex Group Inc. raised its stake in shares of DraftKings by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 810 shares of the company’s stock valued at $30,000 after purchasing an additional 405 shares during the period. Root Financial Partners LLC purchased a new stake in DraftKings during the 3rd quarter worth about $33,000. Asset Dedication LLC bought a new position in DraftKings in the 3rd quarter worth about $37,000. Finally, Montag A & Associates Inc. grew its holdings in DraftKings by 82.5% during the 4th quarter. Montag A & Associates Inc. now owns 1,106 shares of the company’s stock valued at $38,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 37.70% of the company’s stock.

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.