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

DraftKings Inc. (NASDAQ:DKNG) CAO Erik Bradbury sold 7,268 shares of DraftKings 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 transaction, the chief accounting officer directly owned 36,736 shares of the company’s stock, valued at $826,560. This represents a 16.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

DraftKings Stock Performance

Shares of 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. The firm’s fifty day simple moving average is $30.95 and its two-hundred day simple moving average is $35.41. DraftKings Inc. has a 12 month low of $21.01 and a 12 month high of $49.59. The stock has a market capitalization of $11.00 billion, a P/E ratio of -557.75, a price-to-earnings-growth ratio of 0.92 and a beta of 1.67.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC raised its holdings in shares of DraftKings by 5.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 9,460 shares of the company’s stock worth $314,000 after acquiring an additional 524 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of DraftKings by 1,141.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,044 shares of the company’s stock worth $1,463,000 after purchasing an additional 40,495 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of DraftKings by 18.0% in the first quarter. Empowered Funds LLC now owns 9,115 shares of the company’s stock valued at $303,000 after purchasing an additional 1,391 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of DraftKings in the second quarter valued at approximately $603,000. Finally, Yousif Capital Management LLC purchased a new position in shares of DraftKings during the second quarter valued at approximately $253,000. 37.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DKNG has been the topic of a number of research analyst reports. Jefferies Financial Group restated a “buy” rating on shares of DraftKings in a report on Sunday, February 15th. Bank of America dropped their target price on shares of DraftKings from $37.50 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Truist Financial reduced their price target on shares of DraftKings from $45.00 to $33.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Wells Fargo & Company set a $30.00 price target on shares of DraftKings in a research note on Monday, February 16th. Finally, Mizuho cut their price objective on shares of DraftKings from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Twenty-four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.89.

Key Headlines 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

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.